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Badass. British icon. Colonialist? Inside the battle for Lara Croft’s soul

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In 1998, the then science minister, Lord David Sainsbury, appointed Lara Croft, tomb raider, as an ambassador of British scientific excellence. “I use her as an example of one of the great success stories in this country,” he said. It is difficult to imagine this happening today, not only because it is very strange, but because there is nothing especially British about Lara Croft in the 21st century.

Tomb Raider was released in 1996 by Core Design, a video games developer based in Derby. In response to the ambassadorial appointment, Core chief executive Jeremy Heath-Smith said Croft — a female Indiana Jones, who, in manner, resembled Harrison Ford less than Kirstie Allsopp — was a personage of British culture equal to James Bond. “Providing we, as a company, don’t decimate her character, there is no reason why she shouldn’t go on for a long time,” he said.

Core never did abuse Croft’s character, but it did do worse: it mismanaged the financial asset. The sixth game in the series, released in 2003, was a high-profile flop that failed to bring the franchise to a new generation and squandered the momentum of the Angelina Jolie-starring film adaptations. Core’s British parent company, Eidos, reassigned the development of the series to an American studio, itself later acquired by a Japanese multinational that sold it on to a Swedish holding company, with financing from Saudi Arabia’s Public Investment Fund.

This fact alone should not disqualify Croft as culturally British. It might as well be true for half of the Premier League. Rather, as Croft metamorphosed from a British property to a global one — a new film and TV series are under way — the qualities that once coded her as British have fallen out of fashion. A landed aristocrat educated at the same school as the current king of England, who shoots exotic game and ransacks foreign tombs for sport, might sell issues of Tatler but not, perhaps, game consoles to Gen Z.

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Tomb Raider was a successful video game, but Croft was, at one time, a pop icon. Her arrival in the mid-1990s occasioned “a seismic change in video gaming,” says Core’s Heath-Smith. “She sold a shitload of PlayStations all around the globe. Lara was not this hulking big man with a gun blasting people’s heads . . . she took video gaming out of a dark bedroom with spotty kids eating pizzas into the mainstream. I remember going to dinner parties and people were talking about video games. That was unheard of.”

Arriving only a few months after the first Spice Girls single, Croft rode the wave of Cool Britannia. Alongside Britpop, Kate Moss and Damien Hirst, she represented the digital front of British cultural power. She landed the cover of The Face and partnerships with U2, Gordonstoun school, Lucozade and Dave Stewart of the Eurythmics. In other words, Croft was perfect for the moment. There was just the problem of her having become famous for raiding tombs.

In the original video game, Croft is an archaeologist in the mode of the wealthy Victorians sent to Egypt to convalesce, who took home mummies as souvenirs. Acquisitive and unbothered with ethics or custom, she was a product of the colonial imagination, as was her world: the lands beyond the empire, abundant with plunder and peril. At her Surrey manor, Croft was attended by a shambling butler who players could lock inside a freezer, which didn’t not feel like something Croft would do.

“She was always envisioned as an anti-hero rather than straight-up action heroine, guided by an amoral self interest and doing the right things for the wrong reasons,” says Paul Douglas, lead programmer on the original Tomb Raider. The nature of the character followed from the evolution of the game design, which, over its development, changed focus from realistic exploration to the exaggerated athleticism of death-defying leaps and flips over spike traps and rolling boulders, or running circles around a T-Rex with a pistol in each hand.

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“Croft has undoubtedly drawn people to archaeology,” says Margaret Maitland, an Egyptologist at the National Museum of Scotland. “But Indiana Jones-style narratives have also distorted public perceptions of the past by celebrating ‘treasure’ . . . promoted conspiracy theories over an appreciation of real ancient people and objects . . . [and normalised] problematic collecting practices, which is far from harmless.” For some, Croft belongs in a museum — and that’s exactly where she is. Maitland’s museum is currently curating an exhibition of video games, in which the original Tomb Raider is on display, sealed behind glass.

In 2013, Crystal Dynamics, the California game studio given custody of Croft after Core Design, embarked upon a comprehensive modernisation of the character. Dynamics, under the auspices of its then-owner Square Enix, reimagined Croft as more of a real person, less superyacht owner than Below Deck cast member. The new Croft was a young, earnest and saturnine striver who raided tombs more by accident than vice. Down with cartoon sexuality, up with the inherent profanity of grave robbing.

Five minutes after the game began, she was impaled on a steel rod, and the camera lingered on her pain. “It gave her a little bit more of this grounded, more relatable sense,” said Dynamics’ Dallas Dickinson in 2021. “The superhero version may not have been as accessible to certain people and so when she became more real . . . I think she resonated with an entirely new generation of gamers.”


Becoming real and resonant meant minimising the importance of Croft’s wealth. It is neither relatable nor aspirational to have been born into a family gifted its lands by the child king Edward VI in 1547, as Tomb Raider lore has it. It is certainly not relatable to be born into that wealth and be shameless about it, as Croft was. Worse, it can be dramatically inert. “She very much wants to stand on her own two feet,” said writer Rhianna Pratchett, who worked on the 2013 video game. “She wants to make her own way in the world on her own terms. She puts herself through university. She works several jobs in order to do so.”

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The 2018 Tomb Raider film with Alicia Vikander is based on this version of the character and introduces Croft as a scrappy bike messenger who cannot pay her bills. “A girl of the people and not the upper-class,” says Roar Uthaug, the film’s director. “What often makes characters interesting is their struggles, and overcoming hurdles. If you have all the money in the world, you can solve a lot of problems.”

The most recent Tomb Raider, from a Montreal studio, has Croft reckon at last with archaeological ethics. “The reboot has been about bringing a more grounded version of Lara,” said the game’s narrative director Jason Dozois in 2018, “and what that means for us is becoming more responsible with the use of archaeology. It’s not just about possessing an object, going into a tomb, everything crumbles, and then leaving. It’s about learning that archaeology is also culture, history and language, and that involves people.”

The lesson is a good one, but it was never this new version of the character who needed to learn it. And it is a dead end. After all, the game is called Tomb Raider. The ceiling on Croft’s modernity is to become a sustainable, inclusive graverobber. Uthaug’s movie deferred the issue by putting Croft on a mission to find her father, not expatriate a relic to the British Museum. But when the father has been found and Croft’s origin story has been told, what does a Tomb Raider do next? “I’m sure if we had continued making sequels,” Uthaug says, “that would have had to have been a discussion.”


Lara Croft, colonialist? You must not like to have fun at the movies!” Lloyd Levin says to me. Levin is wrong on the facts (I like to have fun; we all do), but not in spirit. Levin was a producer of the 2001 Tomb Raider film with Jolie, whose director, Simon West, envisioned Croft as an aristocrat in the sense that Batman was an aristocrat. This Croft put her family largesse towards a high-tech operations centre run by a support staff, used not to enrich herself but to save the world from sinister forces who would misuse the supernatural powers of ancient artefacts. “The first thing I wanted to do was make sure Lara’s not taken at face value as a rich, spoiled person,” West said in 2018. The director forbade Jolie from taking lessons in British etiquette; Croft would stick her feet up on the table.

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Tasha Huo, the lead writer of a Tomb Raider animated series on Netflix, The Legend of Lara Croft, out this month, ends up in a similar place by attempting to reconcile the new Croft with the old one, which is like having to explain how Daniel Craig’s Bond would turn into Roger Moore’s. “I was missing the old Lara Croft, who was extremely confident, who just knew herself inside and out,” says Huo. “As a little girl growing up, you don’t see a lot of women who are working on their own, who are very independent and extremely happy in that independence. Nothing out there in the world can scare them or can intimidate them.”

In every iteration, Croft is a strong, confident character. But, like her wealth, the modern Croft has to earn this with blood and tears. Of Huo’s calibrations, the most impactful is occasionally allowing Croft to have a good time. Tonally, the series is less in line with the video game reboot written by Rhianna Pratchett than Pratchett’s work on the character outside the game, in comic books.

One of Pratchett’s comic issues puts Croft in Elizabeth Bennet cosplay, fighting on the Tube. Croft was never a particularly funny character, but Huo and Pratchett recognise that she is fundamentally absurd. Huo’s series is concerned with balance — Croft, as a person, learning to let in both light and dark — and it feels like a prescription for the future of the character. She is, inescapably and at once, hopelessly imperial and deeply silly. If she is fun, it is because she can afford to be.

“I could get more fun things done in the comics,” Pratchett said in 2023; the comics, she has said, never faced the same scrutiny as the games, always the financial and creative engine of the whole enterprise. It’s the games that sell a shitload of consoles. Outside of that burden, there is more fun to be had.

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Nobody is talking much about what comes next. There is a new game by Crystal Dynamics, under new ownership. There is an Amazon TV series, to be developed by Phoebe Waller-Bridge, and another film, all of which are presumed to reboot the character again. Who is Croft, their writers and development executives will be asking. But this is not such a difficult question to answer. If you can imagine Rose Hanbury shooting a Tyrannosaurus in the face, you understand completely.

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Election showdown in Georgia

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Locator map of Georgia

This article is an onsite version of our Europe Express newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday and Saturday morning. Explore all of our newsletters here

Welcome back. In Tbilisi, which I visited this month, the political mood is ominously tense and polarised. Georgia’s October 26 parliamentary elections are set to be the most consequential for the mountainous south Caucasus country since it emerged in 1991 as an independent state out of the ashes of the Soviet Union.

At first sight, it seems that Georgia faces two possible futures: creeping authoritarianism and alignment with Russia if the ruling Georgian Dream party stays in power, or democracy and a pro-European path if the opposition wins and takes office. However, this black-and-white picture oversimplifies what is an altogether more complicated story. I’m at tony.barber@ft.com.

What is at stake

Since the Kremlin’s full-scale invasion of Ukraine in February 2022, Georgia has turned into a battleground with two fronts: between Georgian Dream and its opponents, and between each side’s respective Russian and western backers.

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The levels of political polarisation in Tbilisi are so extreme that, in this election campaign, there hasn’t been a single case of government and opposition representatives debating each other on television, radio or other media. Mutual trust is non-existent.

The opposition has painful memories of the fate of the first independent Georgian state of modern times. This led a precarious existence from 1918 to 1921 before being absorbed into the Soviet Union.

Now the opposition fears that, if Georgian Dream retains power, the nation could fall completely under Russian influence and lose its precious but fragile democracy and civic freedoms.

Locator map of Georgia

For the west, such an outcome would be a blow to its interests and credibility. The US and its European allies support Georgia’s independence. The EU has even made the country a candidate for membership, though the process is on hold because of the Georgian Dream government’s democratic backsliding and increasingly pro-Russian sympathies.

Russia’s role in Georgia

For its part, Moscow continues to think of Georgia as part of a rightful sphere of influence in the post-Soviet borderlands that separate Russia from the west. “The Russians have never left Georgia, even mentally,” says one western observer in Tbilisi.

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In a short war in 2008, Russia took de facto control of two Georgian regions, Abkhazia and South Ossetia, where it keeps around 10,000 troops and FSB security service personnel. South Ossetia is scarcely an hour’s drive from Tbilisi.

Bidzina Ivanishvili
Bidzina Ivanishvili, founder of the Georgian Dream party, at a rally in support of the government’s ‘foreign agent’ law, which it adopted in May this year. Supporters of Georgian democracy fear that its implementation will bring the country closer to Russia © AP

There are no signs of imminent Russian military intervention in Georgia. Still, it is unimaginable that the Kremlin would passively accept an election result that brought a pro-western government to power in Tbilisi.

In this article for the Washington-based Center for a New American Security, Nicholas Lokker and Andrea Kendall-Taylor write:

Georgia now arguably has its most pro-Russian government since its independence in 1991 and, in many cases, [Georgian Dream] is following the Putin playbook in its attempt to weaken Georgia’s democracy. Moscow’s primary goal is to ensure the stability of these pro-Russian forces — in particular, GD founder and de facto leader Bidzina Ivanishvili.

Breakdowns in democracy

However, to portray the election as a straightforward contest between tyranny and freedom, or Russia and the west, is to overlook key features of Georgia’s political trajectory over the past three decades.

In this commentary for the Stockholm Centre for Eastern European Studies, Markus Greisz hits the nail on the head. He identifies three long-term issues that have plagued Georgia since independence:

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One issue is the deep political and societal polarisation; another is the tendency of all Georgian governments to turn authoritarian.

A third issue is the seemingly paradoxical simultaneous popular support for both the EU and Georgian Dream, which frustrates western leaders and calls into question whether Georgians actually understand what EU membership would entail.

Since 1991, all governments that started out as protectors of national independence and political freedom have lurched into deeply flawed forms of strongman rule, tainted by corruption and abuse of the rule of law.

This was true of Zviad Gamsakhurdia, Georgia’s first postcommunist president; Eduard Shevardnadze, once admired in the west as Mikhail Gorbachev’s far-sighted Soviet foreign minister; Mikheil Saakashvili, a reformer turned autocrat; and now Ivanishvili.

Weaknesses of the opposition

The legacy of the Saakashvili era is a serious problem for Georgia’s four main opposition parties, as set out in this thread on X by Bidzina Lebanidze, a political scientist.

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Both Georgian Dream and the opposition are “detached from the majority of the population, who feel alienated from [the] political process”, Lebanidze writes.

“During their rule, Saakashvili and [his party] alienated a critical mass of the electorate who refuse to vote for them ever again.”

A similar argument appears in this commentary by Beka Chedia for the Center for European Policy Analysis:

The opposition, in addition to fragmentation, has a problem of identification and identity. Voters find it difficult to be clear which small party is part of which alliance and what their promises to voters are.

In Tbilisi, one non-partisan election-watcher told me: “It’s not sufficient to frame the election as a contest between pro-western and pro-Russian forces. In the regions, outside the capital, voters seem to think it’s a kind of Saakashvili vs Ivanishvili contest.

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“In other words, the image of Georgian politics as an arena for strongmen persists.”

Slim chance of a free election

Public opinion polls for Georgia’s election need to be treated with caution. However, according to one independent expert, Georgian Dream’s private polling indicates it would struggle to win more than 40 per cent of the vote.

The point is, though, that under the system of proportional representation used for this election, Georgian Dream could win just over half the seats in parliament even with 37 to 38 per cent of the vote.

It would help the ruling party if one or more of the opposition parties failed to surpass the 5 per cent threshold required to win seats in the legislature.

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Given Georgian Dream’s influence over the nation’s election commissions, control of the judiciary, vote-buying and intimidation of opposition activists, it is all too easy to see how the party could manipulate the election to secure victory.

Shota Gvineria, a former Georgian ambassador and national security specialist, says:

The regime has systematically used state resources to influence voters by offering benefits such as pardons, early release from prison and amnesty [for fines] in exchange for electoral support …

By placing loyalists in the Central Election Commission and district commissions, manipulating voter lists and tampering with ballots, these tactics have severely undermined the integrity of Georgia’s democratic processes and elections.

Possible outcomes

The list of possible election outcomes ranges from good to nightmarishly bad.

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Least likely is a Polish scenario. A year ago, an illiberal, conservative nationalist government in Warsaw lost elections to an opposition led by former premier Donald Tusk. Despite some difficulties, Tusk and his allies were able to take office peacefully.

Such an outcome strikes me as improbable in Georgia. The ruling party shows no inclination to give up power, controls almost all levers of state authority and has the means to fix the election.

Georgian President Salome Zurabishvili meets Polish President Andrzej Duda
Georgian President Salome Zurabishvili meets Polish President Andrzej Duda at the Presidential Palace in Warsaw, Poland, October 1 2024 © Piotr Nowak/EPA-EFE/Shutterstock

At the opposite end of the spectrum is a Belarusian scenario. In 2020, mass protests broke out after Alexander Lukashenko, the dictator in Minsk, claimed victory in what were blatantly fraudulent presidential elections.

Lukashenko’s regime cracked down on the demonstrators, and Belarus today is as deprived of freedom as Vladimir Putin’s Russia.

A third possibility is a Serbian scenario. Elections in Serbia routinely produce victories for President Aleksandar Vučić and his ruling party. They aren’t completely free and fair, but Vučić receives little more than a rap on the knuckles from the west, which perceives some value in maintaining a working relationship with Serbia.

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Risk of instability or violence

If Georgian Dream wins the election fraudulently, or loses but refuses to concede defeat, anti-government street protests are likely. The history of postcommunist Georgia offers some clues to what then might or might not transpire.

In 2003, public anger at corruption and a fixed election triggered demonstrations that toppled Shevardnadze, Georgia’s then president.

Former Georgian President Eduard Shevardnadze
Former Georgian President Eduard Shevardnadze appealing to the public on TV from his office in Tbilisi in November 2003, ahead of a planned mass opposition protest that called for his resignation © Reuters

By stepping down, Shevardnadze ensured the Rose Revolution, as these events came to be known, was mostly peaceful. Could the same thing happen after October 26? I am doubtful. By temperament and motivation (he is a reclusive billionaire who made his fortune in Russia), Ivanishvili is quite different to Shevardnadze. The Kremlin openly supports him.

Ideally, the US and European governments would step in and play a mediating role in the event of a contested election result and power struggle. They did this during Ukraine’s 2014 Maidan revolution.

But Ukraine’s new government and its western friends paid a heavy price for that change of power — Russia’s annexation of Crimea and fomentation of separatist rebellions in Donbas, followed by the 2022 invasion.

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The future of Georgia is very much in the balance.

More on this topic

Georgia’s Anaklia deep seaport project may open new routes, but at what cost? An analysis by Tymon Pastucha and Wojciech Wojtasiewicz for the Polish Institute of International Affairs

Tony’s picks of the week

  • Israel’s war in Lebanon may be longer and more grinding than the limited operation that was initially announced, the FT’s James Shotter, Neri Zilber and Andrew England report

  • In his newly published memoirs, Robert Bourgi, a French-Lebanese wheeler-dealer, has spilled the beans about how he helped leaders of former French colonies in Africa to subsidise presidential election candidates in France, the BBC’s Hugh Schofield reports

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Three major energy suppliers handing out tens of thousands of free energy-saving gadgets worth up to £70 this winter

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Three major energy suppliers handing out tens of thousands of free energy-saving gadgets worth up to £70 this winter

THREE major energy suppliers are giving out tens of thousands of energy-saving devices to households this winter.

Energy bills have risen for millions of households and winter fuel payments restricted to those on benefits.

Three major energy suppliers have launched multi-million support packages

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Three major energy suppliers have launched multi-million support packagesCredit: Alamy

But there is a host of help at hand if you’re struggling to cover bills.

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Octopus Energy, OVO Energy and EDF have all launched multi-million pound schemes offering free energy-saving gadgets to households in need.

From air fryers, to electric blankets and mattress toppers, here is everything you might be eligible for.

Octopus Energy

Octopus Energy is offering 20,000 electric blankets in total to customers in need this winter.

Read more on Energy Bills

One of the UK’s largest energy firms has already distributed over 60,000 since January 2022 through its £30million Octo Assist Fund.

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Octopus said customers with an electric blanket have saved an average £150 on their combined gas and electricity bills in previous winters.

The electric blankets are open to all customers, however Octopus said it is prioritising those in “particular circumstances”.

This includes those that are medically vulnerable, the elderly of people living alone.

The blankets provided to customers are made by Dreamland and usually cost £69.99 new.

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To apply for an electric blanket, visit: http://octopusenergy/blog/octo-assist.

Three key benefits that YOU could be missing out on, and one even gives you a free TV Licence

OVO Energy

OVO Energy has launched a £50million package of support for struggling customers.

Applications for the fund opened on October 1 with households eligible for payment holidays and direct debit reductions.

But some may be eligible for free energy-saving gadgets including electric throws and mattress toppers.

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What you are entitled to depends on your personal circumstances although you do have to be an OVO Energy customer.

Find out if you’re eligible for help via https://www.ovoenergy.com/extra-support

EDF

EDF is pumping £29million into a range of support for hard-up households this winter.

Customers can get debt arrears wiped and free energy-saving gadgets such as air fryers, kettles and slow cookers.

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EDF said it will replace any broken or in poor working order appliances with energy-efficient ones.

But not everyone qualifies for help. EDF said its team will identify eligible customers and refer them on for extra support.

You can find out more and apply via https://www.edfenergy.com/energywise/how-edf-are-supporting-their-customers-through-uks-cost-living-crisis

What other help is on offer

If you’re not eligible for free energy-saving gadgets through Octopus, EDF or OVO Energy’s funds, there is other support at hand.

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You may be able to get free devices through the Household Support Fund between now and next March.

The fund is worth £421million and has been distributed among councils in England.

Each council gets to decide how to distribute its share of the fund but some are giving households free appliances and devices which could save you money on your energy bills.

Meanwhile, you might be able to get help paying for insulation or a new more energy-efficient boiler through the Energy Company Obligation.

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You might even be able to get them for free depending on your circumstances.

It’s worth noting though that you are only eligible for help through the Energy Company Obligation if you are on benefits, classed as vulnerable or have a home with a low Energy Performance Certificate.

An Energy Performance Certificate is a document that shows how energy efficient your property is.

If neither of these two options are available, you might be able to save money on your bills by installing a heat pump, which you can get subsidised through the Boiler Upgrade Scheme.

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The exact temperature to set your thermostat

ENERGY bills remain relatively high leaving many worrying over the thermostat.

Energy experts have revealed the exact temperature to set it at so that you can save cash and still keep warm.

When it comes to your thermostat, the Energy Saving Trust recommends you should set it to the “lowest comfortable temperature”.

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For the majority of us, this is between 18 and 21 degrees Celsius.

It’s just the right balance between keeping your home warm, and keeping those energy bills as low as possible.

If you have your thermostat set at a higher temperature you can probably afford to turn it down and still keep cosy.

Of course, there are exceptions like anyone who is in ill health, and there is support available to cover extra costs.

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Just by turning down the temp by a single degree, you could save as much as £100 a year.

If you cut it by more you will obviously make even bigger savings.

The Energy Saving Trust also says that you don’t need to turn your thermostat up when it is colder outside, the house will still heat up to the set temperature.

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

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what does tomorrow look like?

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HTSI editor Jo Ellison

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HTSI editor Jo Ellison
HTSI editor Jo Ellison © Marili Andre

I first tried Apple’s Vision Pro goggles in May. It was a surreal experience at the company’s headquarters in Battersea, where I found myself swiping at 3D dinosaurs and dismantling Ferraris using tiny gestures to look at motor parts. The whole thing was designed to demonstrate the unlimited possibilities of augmented reality – an immersive world of giant cinematic screens where I could click and swipe through texts, apps and emails, looking all the while like a traffic controller with a giant screen strapped to my face.

If this was the future, it made me queasy. The Vision Pro has been designed to optimise our visual experiences, but its launch has coincided with a period of circumspection about our screen dependencies and how best to live with phones. Many establishments are now banning smartphones during school hours, and there is compelling evidence to suggest that our screen use is contributing to mental illness, sleep deprivation and general ill health.

Does Apple’s Vision Pro headset represent the future of screen time?
Does Apple’s Vision Pro headset represent the future of screen time? © Klaus Kremmerz

Rhodri Marsden, a techno first-adopter, has looked at the future of the screen in this week’s design issue, and how its all-pervading influence might change in years from now. I still can’t imagine a day where we routinely wear screens on our faces, but then again who would have known that we’d all be carrying palm-sized computers in our pockets when smartphones first launched 20 years ago?

Monling Lee (left) and Justin Donnelly of Jumbo in their New York studio
Monling Lee (left) and Justin Donnelly of Jumbo in their New York studio © Jeremy Liebman

Design has always looked to the future, but it’s a strange irony that its most innovative efforts can look quaint in retrospect. Perhaps the trick is not to think about what’s coming, but to focus on what seems relevant right now. Jumbo in New York has built a practice based on taking objects and reducing them to their essence until they make “emoji” sense. Their work – fortune-cookie furniture, pasta pool floats and barricade-fence chairs – is inspired by quotidian stuff that has been reimagined as “memes”. It’s contemporary, clever and a conversation starter, despite their insistence that what they do is “dumb”. It also contributes to a design narrative that I think will make sense for many years to come

A Francis Picabia on the study wall in Casa Tabarelli near Bolzano, designed by Carlo Scarpa
A Francis Picabia on the study wall in Casa Tabarelli near Bolzano, designed by Carlo Scarpa © Stefan Giftthaler

Venerated by the design world, the late architect Carlo Scarpa’s work synthesised ancient craft techniques with the exigencies of industrial design. His buildings are a striking expression of something unflinchingly modern yet rooted in a familiar history. When business owner and art collector Josef Dalle Nogare purchased Casa Tabarelli, Scarpa’s mountain masterpiece near Bolzano, Italy, he did so on the understanding he was merely its custodian. In the years since, however, he has made his own addition to the property: a two-storey structure with concrete stairs designed by Walter Angonese that yields a partly subterranean 5,000sq ft gallery to house his art next door. The result is a stunning confluence of aesthetics and artistic choices. It takes a brave soul to build something so close to the Scarpa home: we’re very excited to take the first look inside.

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Will you be going to space any time soon? As Jeff Bezos and his cohort get ever closer to their orbital ambitions, we look at the direction of space travel and the possibilities ahead. According to Clive Cookson, the FT’s senior science writer, Virgin Galactic is set to offer 125 flights a year, taking some 750 passengers into sub-orbital space. As with wearing the face screen, I’ve never harboured much desire to be an astronaut. But I’ll happily sit through your phone snaps of the “overview effect” when you get back down to Earth.

Jeep Wrangler, from £61,125
Jeep Wrangler, from £61,125

We also welcome here another FT writer, the Weekend Magazine editor Matt Vella, who is making his debut with a new motoring column. Matt has been car-mad since childhood, and so we’ve asked him to do a regular piece about all things four-wheeled. “Squat and snub-nosed, with a vertical front window and four-wheel drive,” he writes of his first subject, the Willys-Overland Jeep, which was conceived as a flat-packed, all-terrain vehicle in 1940. Its subsequent success has been built on the fact it has retained its distinctive looks, its “two-box silhouette” and most importantly its compact size. The form has emerged as the leader in a global market that’s expected to grow to $590bn by 2034. Small is beautiful, goes the argument. Especially when it comes to SUVs.

Finally: do you own a Casio watch? Beatrice Hodgkin, the FT’s House and Home editor, has been wearing her hot-pink Casio F-91W for years now and is passionate about its charms. The brand has become a cult classic, as spotted on Marty McFly, Barack Obama and Sigourney Weaver in Alien. On its 50th anniversary, she writes a tribute to the “future classic” – surely the very hallmark of cool design. 

@jellison22

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I won £333k on People’s Postcode Lottery… I was ecstatic until call from my boss seconds later ruined everything

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I won £333k on People's Postcode Lottery... I was ecstatic until call from my boss seconds later ruined everything

A MUM who won £333,000 on the People’s Postcode lottery was ecstatic – until a call from her boss ruined everything seconds later.

Angela Plant split the Millionaire Street Prize with a neighbour in the Hertfordshire village of Abbots Langley.

People's Postcode Lottery winner Angela Plant

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People’s Postcode Lottery winner Angela PlantCredit: Postcode Lottery
Angela with lotto presenter Danyl Johnson

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Angela with lotto presenter Danyl JohnsonCredit: Postcode Lottery

She wanted to go on a shopping spree after presenter Danyl Johnson knocked on her door with the huge cheque.

But just seconds later Angela’s boss rang her up asking if she could do a shift the next day at the old people’s home where she works.

Angela said: “I’m going to work tomorrow. I do their shopping, take them out for a coffee.”

She added: “I just chat to them. It keeps my mind buzzing and I love it.”

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Angela said she would stick a “little bit” away – but plans to splash out on a string of exotic holidays.

The wish list of getaways includes a Greek wedding for her eldest son and a trip to Florida for her first grandchild, who is due in December.

She said: “I’m speechless. Oh my God! I was expecting about £10,000 or £15,000.

“I’m in shock. I just kept seeing threes and thought, ‘When are the threes going to end?’

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“I would have been happy with £333, that could still get a bit these days.

“This year has been up and down. I’m just going to make sure all my close pals and family are looked after.

“I had a couple of knee replacements two or three years ago. Before that, I couldn’t walk down the garden path.”

She added: “You don’t want profit in the bank, you want to go out and spend it.

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“We’ve got our first grandchild on the way, and she is going to be spoiled rotten.

“I’ve always, always wanted to be a grandmother. She is due on December 19. We’ll have a really good Christmas.”

Angela said: “It’s important to do things as a family. Good memories last forever.

“I’ve got good memories from the past of going with the children to Florida, so I would like to take my granddaughter there.”

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Bliss was it in that dawn to be in retail

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Long hours, low pay, not much job security and rude customers — why would anyone work in retail? Spare me the gloom. I was never happier than when I worked in London’s department stores between the ages of 17 and 20.

Warm memories washed over me when I read this week that Ted Decker, CEO of Home Depot, plans to make senior managers work an eight-hour shift in their stores each quarter of the year. The idea is that white-collar employees should “truly understand the challenges and opportunities our store associates face every day”.

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To which I say, well done, Ted. All the same, I’m disturbed by the implication that shop floor work is more drudgery than fun. That was not my experience.

Take Peter Jones, the Chelsea store where I was a temporary worker in Towels, Furnishing Fabrics, and Lightings and Fittings before finding my true home at Boyswear on the third floor. Ah, joy! Friendships made on the shop floor lasted for years outside the store.

True, training for temps was minimal. You were taught how to use the electronic till. That was about it. As a result, when mothers arrived to spend a fortune on school uniforms for their sons, I had, at first, no idea what size shirt, cap, trousers, gym kit and so on they needed.

What’s more, I was squeamish about measuring the neck or inside leg of an 11-year-old. After one of my worst guesses, a mother complained I’d brought a pair of trousers a couple of sizes too big. “They shrink in the wash,” I said hopefully — before fleeing her irascible stare to get a better fit from the stockroom.

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Meanwhile, I would hear a mischievous staffer answer the phone in front of customers: “Good morning, Empire Pool Wembley — I beg your pardon, Peter Jones Boyswear . . . ” That’s right, he never became an executive.

The point was, you learned fast. After a few weeks, I could glance at any boy emerging from the lift with his mother and correctly estimate all his sizes. To this day, I look at politicians or businessmen I’m talking with and my mind calculates: “16 neck, 36 waist . . . ”

This was the 1970s, the decade of soaring oil prices, so there were plenty of high-spending customers from Opec countries. Tips fluttered from their pockets like confetti. A £20 note could keep you in beer for a week at the Royal Court pub across Sloane Square.

And because this was the 1970s, the store closed at lunchtime on Saturdays. Time to put on the safety pins, leather tie and white T-shirt with the crimson word “scurvy” emblazoned on it (not an item sold in Boyswear), and join the punks parading down the King’s Road.

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Sometimes we would head over to the Chelsea Drugstore, but not, as Mick Jagger sang, to get our prescriptions filled.

At Boyswear, we all had punk names. Mine was Mark Acid. Nicky Vamp, recruited from Girls’ Shoes, quit to run a gift shop in the spa city of Bath. Vince Vomit emigrated to Australia and made it big time, becoming a board member of the airline Qantas.

For sure, London retailing had its downside five decades ago. Selfridges was soulless. Worse still was Harrods, recently in the news because of claims of sexual assault against Mohamed Al Fayed, the store’s owner from 1985 to 2010.

I worked at Harrods before Al Fayed’s tenure, but it was a grim place even then. Management barked like prison wardens at me and other temps.

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The only light relief took the form of a lift attendant who used to say to a new employee: “Do you want me to keep an eye on this package for you?” If the employee said yes, the attendant removed his glass eye and put it on the package.

We temps were unanimous that, among London’s grand department stores, Peter Jones was the place to be. I liked it so much I had dreams of running Boyswear one day. Eight hours a quarter on the shop floor? Worth every second.

tony.barber@ft.com

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3 Reliable Dividend Stocks With Yields Above 5% That You Can Buy With Less Than $100 Right Now

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3 Reliable Dividend Stocks With Yields Above 5% That You Can Buy With Less Than $100 Right Now


There’s no wrong way to put your money to work on Wall Street, but some methods produce more reliable gains than others. If you’re looking for a relatively safe and easy way to grow the stream of income you’ll have to work with during your retirement years, buying dividend-paying stocks and holding them for long periods is a terrific option.

During the 50-year period that ended in 2023, dividend-paying stocks in the S&P 500 index returned 9.17% annually on average. That’s more than double the return produced by their non-dividend-paying cousins. During the same period, the average dividend non-payers in the benchmark index returned just 4.27% annually, according to Ned Davis Research and Hartford funds.

You don’t need to be rich to put your money to work for you. At the moment, shares of AT&T (NYSE: T), Hercules Capital (NYSE: HTGC), and Pfizer (NYSE: PFE) offer dividend yields of 5% or better, and you can buy a share of all three with less than $100. Adding them to a portfolio now gives you a good chance to outperform the market while they beef up your passive-income stream.

1. AT&T

AT&T lowered its dividend payout in 2022 to adjust for the sale of its unpredictable media assets. Now that it’s strictly a telecommunications business, the cash flows it uses to make dividend payments should be extra reliable. At recent prices, the stock offers a 5.2% dividend yield.

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Traditional-wireline subscriptions are still shrinking, but this headwind is easily overcome by demand for services that run on its 5G network and a growing web of fiber-optic cables. In the second quarter, mobility-service revenue rose 3.4% year over year, and this isn’t the only operation driving growth.

The three-month period ended June 30 was the 18th consecutive quarter in which AT&T added over 200,000 new fiber-internet subscribers. Late last year, the company also launched a fixed-wireless service for folks who aren’t located next to fiber optic cables. As a result, Q2 consumer-broadband sales rose 7% year over year.

At $2.7 billion in Q2, consumer broadband is responsible for less than 10% of total revenue. AT&T is one of just three telecom companies with a nationwide 5G network, so investors can reasonably rely on its consumer-broadband business to drive growth for many years to come.

2. Hercules Capital

Hercules Capital is a business development company (BDC), which means it can avoid income taxes by giving nearly all of its earnings to shareholders as a dividend payment. At recent prices, the stock’s regular distribution offers a big 8% yield.

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Hercules also offers a supplemental dividend that it set at $0.32 per share this year. If next year’s supplemental dividend remains unchanged, investors who buy this stock at recent prices will receive a 9.7% yield.

Most BDCs originate relatively high-interest loans to established mid-sized businesses that already earn money. Hercules Capital takes a riskier approach to financing by engaging start-ups in the life science and technology industries before they have any recurring revenues to report.

In isolation, the bets Hercules makes are extremely risky. The potential payoffs are so large, though, that the company can report strong-earnings growth if just a fraction of its investments succeed.

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Hercules has raised or maintained its regular distribution since 2010, and continued movement in the right direction seems likely. In the first half of 2024, the BDC reported $1.07 billion in total-gross funding, which was 28% more than the previous-year period.

3. Pfizer

Sales of Pfizer’s COVID-19 vaccine and antiviral treatment broke records regarding its rate of growth and decline. Sales of Comirnaty and Paxlovid shot up to a combined $56.7 billion in 2022. Less than a year and a half later, sales of the same two drugs collapsed to an annualized $1.8 billion.

Don’t let its recent ups and downs confuse you. Pfizer is a reliable dividend payer that has raised its payout every year since 2009. At recent prices, it offers a 5.7% yield that will be easier to predict now that sinking sales of its COVID-19 products are responsible for less than 3% of total revenue.

Pfizer’s dividend payout is supported by one of the largest catalogs of drugs with patent-protected market exclusivity. In the first half of 2024, a dozen of its products grew sales by a double-digit percentage compared to the previous year period.

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One of the investments Pfizer made with its pandemic-related earnings haul was the $43 billion acquisition of cancer drug developer Seagen. The purchase gave Pfizer access to four commercial-stage treatments, including Padcev. In late 2023, Padcev became a chemotherapy-free option for newly diagnosed bladder cancer patients. As such, sales are expected to reach $8 billion annually by 2030.

Padcev is one of several blockbuster drugs that could help Pfizer continue its dividend-raising streak. Adding some shares to a diverse portfolio now seems like the right move.

Don’t miss this second chance at a potentially lucrative opportunity

Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:

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  • Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $21,022!*

  • Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,329!*

  • Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $393,839!*

Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.

See 3 “Double Down” stocks »

*Stock Advisor returns as of October 7, 2024

Cory Renauer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Pfizer. The Motley Fool has a disclosure policy.

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3 Reliable Dividend Stocks With Yields Above 5% That You Can Buy With Less Than $100 Right Now was originally published by The Motley Fool



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