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‘I’m not tough. I’m nothing like the characters I play’

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Of course Harriet Walter would choose this place, I think, swishing through the revolving door of Arlington in Mayfair into an Art Deco hall of mirrors reflecting monochrome stripes and polished tile. The atmosphere is almost cruelly chic. Where else would a woman famous for her portrayal of stony-hearted, acid-tongued ice queens want to meet?

The waiter takes me to a table in a discreet corner. David Bailey’s black-and-white portraits of 1960s icons look on from every wall. The nearest is of a white-stockinged, kohl-eyed Penelope Tree in 1967, photographed lounging next to an open bottle of champagne, cheekbones like razors. It all makes perfect sense.

So when Walter herself appears, the disorientation is profound. She looks soft — almost fluffy — in a powder-pink herringbone tweed suit and pearl earrings. Her smile is eager and warms up the atmosphere by several degrees. And then there’s her voice. At first she speaks so quietly she sounds almost timorous. It is genuinely hard to believe this is the same person whose sardonic drawl ripped shreds out of her spoiled children in Succession or barked orders as Brutus in a production of Julius Caesar set in a women’s prison. How on earth will she pull off playing Margaret Thatcher in her next TV role, I wonder?

As usual, first impressions are misleading. Over the course of the next couple of hours, in a gradual crescendo, all these characters, and more, will make appearances at our table. Harriet Walter is just warming up.

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She’s had plenty of opportunity lately to practise the art of summoning characters she’s played back to life. Her new book She Speaks! is a collection of speeches for Shakespearean women, in which Walter imagines (in blank verse) what Ophelia or Cressida or Desdemona might have said to an audience had they been able to talk frankly instead of being left silent while their fates were decided by the men around them. It’s Walter’s way of redressing the balance of power a bit — and of sharing some of the theories she’s developed in five decades of performing Shakespeare.

Walter sits down opposite me, gesturing to Penelope’s legs. “There’s vintage,” she murmurs. “They were all the people I wanted to look like when I was 17 — and really didn’t.” Born in 1950, Walter was exactly that age when the picture was taken, about to decide that she wanted to become an actor. Since then, hers has been a fantastically varied career, starting with regional theatre, then the Royal Shakespeare Company, the West End and Broadway. She’s done period drama, from Ang Lee’s Sense and Sensibility in 1995 to the 2007 film adaptation of Ian McEwan’s Atonement. She’s had six words in a Star Wars movie and six seasons as Detective Inspector Natalie Chandler in Law & Order: UK. But even so, until relatively recently, her name might elicit only a vague nod of recognition among those outside the theatre world.

For a while, that worked for Walter: “I’ve always wanted to not be known because I thought that left me freer to explore,” she says. But “then that lack of fame started to be a bit of a glass ceiling for me”. In her forties there were parts that eluded her “because I wasn’t enough of a name . . . I remember this producer taking me out and he said, ‘You’re known by everyone in the profession, but no one in this restaurant knows who you are. And I want to change that.”

Did he succeed? “No! But it was a good line! And sucker that I was, I went for it.”

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It might have taken a while but things have changed. At 74, a damehood and a run of wildly popular TV parts in Succession, Ted Lasso and Killing Eve, as well as memorable turns in Downton Abbey and The Crown, have made Walter properly recognisable. The clientele of Arlington may be too well-heeled to gawp at celebrities, but it’s pretty obvious that they all know she’s here.


We look at our menus. Walter doesn’t drink at lunchtime except on special occasions. Today she is eating with a journalist at a spot conveniently located around the corner from her next appointment, so she orders a Diet Coke. I, on the other hand, am having lunch with a Dame at the newly reopened and renamed Le Caprice, conveniently located next door to the Ritz, so I order a glass of champagne. It arrives in a very beautiful cone-shaped flute, and seems to last for ever. She asks for gazpacho, and I order the tomato and basil galette, a favourite from Le Caprice’s old menu.

“I’ve not been since it reopened,” Walter says. “I know Jeremy [King, the restaurateur]. He was incredibly kind to my aunt during Covid. She lived near his Colbert restaurant, in Sloane Square. He arranged for her to have food brought out to her — so absolutely divine. I thought it would be nice to come to his new place.”

Menu

Arlington
20 Arlington Street, London SW1A 1RJ

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Gazpacho £9.50
Tomato galette £12.25
Grilled calf’s liver £29.75
Chicken Milanese £26
Hokey pokey coupe £10.50
Diet Coke £4.50
Glass Herbert Hall Brut £18
Glass sparkling water £3
Americano £4.75
Double espresso £4.50
Total inc service £141.16

The aunt in question was married to Christopher Lee, the Hammer horror star and brother of Walter’s mother Xandra. Walter has described her family as having lived in the “foothills of aristocracy”, but that feels like something of an understatement. Xandra and Christopher were the children of an Italian countess, Estelle Marie Carandini di Sarzano, and Geoffrey Trollope Lee. On the other side, the Walter family were the founders of The Times newspaper.

Walter grew up in Kensington and was sent to boarding school at 11. It provided what she describes as “a very minimum girls’ education . . . be able to play a nice sonata on the piano and speak good French. And you might marry a nice earl.” Later, she moved to another school, in Dorset, which was better. But it was a long way from London. “I think about how long that journey was and how far we were from home. And the horrible little phone box we’d all queue up to ring our parents from, rather like prison.” Then, after her parents divorced, “I’d only see one of them each term.”

She must have been pretty tough, I suggest, to deal with all that. She looks up a little sharply over her soup spoon. “My sister was there, my best friend was going, I had my teddy bear. You know, I knew my mother loved me. I was good at making friends. I had quite a good time.”

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It was at school that Walter decided she wanted to act. She turned down a place at Oxford to read modern languages and instead applied to drama schools. She was rejected five times before getting a place at the London Academy of Music and Dramatic Art, an act of perseverance she acknowledges showed some grit.

“I mean, I was never tough. I’m still not tough. I’m certainly nothing like the characters I play, in that sense. I remember getting rejected from drama school a lot. And just picking myself up and going again. But I didn’t do that in any other sphere of my life. If you said anything [negative], I’d curl up like a little sea anemone and just sort of retract and say, ‘Right I’m never going there again’ . . . But theatre and film,” she does a voice like a sergeant major, “Gotta do it! Gotta do it!”


Our plates are cleared and relaid. An unusually dainty plate of chicken Milanese with rocket salad is put in front of me. Walter has ordered grilled calf’s liver, without the bacon. She seems vaguely disturbed at the idea of discussing what she is eating in any detail. “You just say, ‘It was very good. And Harriet ate liver, when she claims to be a vegetarian.’” Will she mind being outed this way? “I have liver every now and again. But I would only eat it in a restaurant like this where I knew it would be slithering down my throat. I don’t think I want to saw at some tough bit of rubber.” She tucks her napkin into the collar of her jacket. “I’m going to do this. I don’t care.”

After drama school, Walter’s early work came steadily, and by 1988 she had an Olivier Award for her performances with the RSC in Twelfth Night and Chekhov’s Three Sisters. But wider recognition was elusive. “I was not for all markets at all,” she reflects. Why? “Well, I didn’t look right . . . petite and blonde, like Felicity Kendal.” But there were actors who gave her hope: “Glenda Jackson got me excited because I thought, gosh, you can look kind of angular and odd and have a non-beautiful voice. It just gave me a broader picture of what a female actor could be.”

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In 1995, Walter was cast as Fanny Dashwood in a film adaptation of Jane Austen’s Sense and Sensibility, alongside Hugh Grant, Alan Rickman and Emma Thompson, who wrote the screenplay. It was a huge critical success and, 30 years later, it is still “rather a classic”, Walter admits with a smile. Fanny is a villain, the rapacious sister-in-law who convinces her husband to cut off his sisters from their inheritance in the film’s opening sequence, which lasts for about 90 seconds and steals the whole movie.

There’s something of Fanny in the character that has brought Walter the most acclaim lately, Lady Caroline Collingwood, whose failed marriage to Logan Roy and estrangement from their three children is the spine of the domestic drama in Succession. The two women share the same crocodile smile and a reptilian gaze that seems to originate from a few millimetres behind the eyes. Where did she learn that look? “One of the reasons you can play something convincingly is because you’ve been on the receiving end of it,” she says. “Particularly frightening people — you observe them very closely as if you were a mouse next to a snake.”

She doesn’t elaborate, but she does insist that both Fanny and Caroline are not simply villains, that they are, at root, sympathetic. “I’m very happy to do those parts so long as they’re funny — not just narrow-minded horrible bitches.”

Motive-hunting and psychological analysis come easily to Walter — part of the same instinct that prompted the writing of the new book. Putting her words and ideas into the mouths of Shakespearean women is the logical extension of the work that goes into playing them. Thus, Ophelia reveals she did not drown at all, but faked her death to get away from Hamlet and Laertes; Lady Capulet explains how being a child bride made it impossible for her to bond with her daughter; Hermione fills us in on the affairs she’s been having while Leontes thought her dead for 16 years.

It’s an audacious exercise, she admits. But she has grown used to rule-breaking, putting the women back into Shakespeare. Even where they shouldn’t be? “Exactly! Exactly! Playing the boys!” As well as Brutus in Julius Caesar, Walter played Henry IV and then Prospero in Phyllida Lloyd’s trilogy for the Donmar Warehouse in 2016. “I didn’t feel constrained by gender or anything, and it felt very personal,” she says. “I’ve been closer to ‘me’ playing Shakespeare than any part whose outer trappings are more similar to my real ones. If it’s sort of ‘enter a tall dark woman with a waspish sense of humour and tweed suit’, then, you know, it’s confining.”


They want to know if we will have desserts, but first Walter has a question. “What’s the hokey pokey coupe?” she asks, dry as ice, the corners of her mouth twitching archly as the waitress gamely recites the list of ingredients. When it arrives, along with coffee, Walter offers her own analysis: “It’s like a Crunchie broken up with some ice cream,” she says brightly. I’m reminded of the scene in Succession when Caroline’s son-in-law comes away from an encounter with her muttering, “I think I just got stabbed . . . but I’m not completely sure.”

“My latest love,” she confides, “and they haven’t got it here, is affogato. I had about three in three days in New York.” Since she married the American actor Guy Paul in 2011, Walter has split her time between London and New York. They got together when they were both in a 2009 production of Friedrich Schiller’s Mary Stuart on Broadway. It is her first marriage but not her first important relationship. Walter lived with the actor Peter Blythe until he died of cancer in 2004.

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For 30 years she kept the same flat in Chelsea she’d bought after drama school. It was her “launching pad and hidey hole”. When Blythe died, she retreated to the country home they’d made together in Dorset. “I tried to work out why I couldn’t face spending another night in London . . . It was because I’d only lived with him for eight years, and I’d lived there for 30 years. And so, if I went back, it would be as if he’d never happened. And I couldn’t bear that thought.” Grieving in their shared place, with all his furniture around, felt more natural.

I wonder what the next decade might hold for Walter. She is about to appear on our screens playing her most tyrannical matriarch yet — the actual Iron Lady, Margaret Thatcher. The drama, Brian and Margaret, centres around Thatcher’s disastrous final TV interview in 1989 with the broadcaster Brian Walden, played by Steve Coogan. The screenplay is by James Graham and the director is Stephen Frears. She did pause at the thought of playing Thatcher, she says: “I don’t look anything like her, I don’t sound anything like her and I hated her politics. . . but I saw her embattled by a world of men. I started to see how she developed her outer toughness in response to the world she was moving into. And then I felt she had to stay there, which is what dictators do, isn’t it? They build a certain uniform . . . And then they have to make it more and more solid because, as soon as there’s a chink in the armour, they’ll lose everything.”

Walter’s Thatcher will not be a pantomime villain any more than the rest of her characters have been, which is just as well, as the reality is far more interesting. As I pay the bill, she leans in. “At this stage of life, you’re getting much narrower cameo roles that people understand as code for ‘bitch’ or ‘victim’. I’m fighting those stereotypes.”

Cordelia Jenkins is editor of FT Weekend Magazine

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Shares in shipbroker Braemar fall after FT report on Russian ‘shadow fleet’

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London-listed shipbroker Braemar closed down 6 per cent on Thursday, the biggest one-day drop in more than a year, after the Financial Times reported its involvement in the sale of nine ageing oil tankers that have joined Russia’s “shadow fleet”.

Braemar’s shares ended the day at 278p, the lowest since May, and were down another 5 per cent to 264 on Friday.

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London has been a global centre of the maritime industry for centuries, and Braemar, founded in 1982, is one of the sector’s leading brokers, matching buyers and sellers of vessels in return for a percentage of the purchase price.

Since the first western restrictions on Russian oil exports were introduced in December 2022, Moscow has assembled a so-called shadow fleet of more than 400 such vessels that are at present moving about 4mn barrels of oil a day beyond the reach of the sanctions and generating billions of dollars a year in additional revenue for its war in Ukraine.

Most of those tankers were bought from western sellers but the use of offshore ownership structures has meant western officials have struggled to identify how the ships were acquired and who owns them now.

The FT reported on Thursday that at least 25 of the vessels in the shadow fleet had been purchased by a British accountant on behalf of Eiger Shipping DMCC, the Dubai-based shipping arm of Lukoil, Russia’s second-largest oil producer. Eiger had financed the acquisitions by paying in advance to charter the vessels, the FT reported.

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The accountant’s lawyers, and one other person familiar with the matter, told the FT that Braemar was fully aware the vessels were being acquired for, and financed by, Eiger.

Braemar confirmed it had served as the broker for at least nine of the purchases but declined to comment on its knowledge of Eiger’s involvement.

“For every transaction that Braemar considers undertaking, it conducts all appropriate due diligence with know-your-customer checks, legal, compliance and regulatory adherence,” it said in a statement. Braemar on Friday said it had no further comment.

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It is not alleged that the transactions have broken any laws. Although Lukoil has been under US sanctions since 2014, neither Eiger Shipping DMCC nor its Dubai-based owner Litasco Middle East DMCC, is a sanctions-hit entity. Dubai-based companies are also not required to comply with the west’s restrictions if they do not use G7 financing or services.

However, individuals and companies that have helped to assemble and operate the shadow fleet are increasingly in the crosshairs of western governments. At least seven of the 25 vessels originally acquired by the British accountant have since been hit with sanctions by the UK or EU, as have two companies that previously managed many of the ships.

In a call to action in July, 44 European leaders, including UK Prime Minister Sir Keir Starmer, pledged to target the shadow fleet’s “ships and facilitators” and called for the support of the maritime industry, including ship brokers.

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Shoppers blast M&S over price rise of popular meal deal after celebrity chef endorsement

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Shoppers blast M&S over price rise of popular meal deal after celebrity chef endorsement

M&S customers have blasted the retailer for hiking its popular Gastropub dine-in deal by 25%.

The revamped offer now includes creations by celebrity chef Tom Kerridge – but shoppers are still furious that the cost has risen from £12 to £15.

Celebrity chef Tom Kerridge has partnered with M&S on the deal

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Celebrity chef Tom Kerridge has partnered with M&S on the dealCredit: M&S

The deal for two – which includes a main, side and a starter or desert – is among the priciest of M&S’ dine-in offers.

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There’s also a pasta bundle for £7, an Indian meal for £15 and a slow-cooked one for £12.

But the Gastropub offer has hit shoppers radars in recent weeks after it was revamped at the end of September.

One fan complained to the retailer: “So food inflation is flattening or in some instances reversing. So you have put your dine-in meal deal price up 25%? (£12 to £15).”

Another added: “I have no doubts about the quality and having awesome chefs endorsing it adds a nice touch, but I’d prefer you kept the pricing reasonable.

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“Gastro dine in from £12 to £15 is a noticeable hike.”

A third said: “I expect prices to rise every now and again but a 25% increase in the Gastropub meal deal in a week is just a little beyond the pale.”

Others complained that the deal previously offered fish and chips together as a main dish, but now the dish is only haddock and the chips must be bought separately as a side.

One said: “Extremely disappointing to see that the Gastropub dine-in deal has not only increased a whopping 25% to £15, but the chips have also been removed from the haddock and chips box.

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“Bad deal, I didn’t bother buying.”

M&S – which has highlighted “British Beef Cheeks” and Kerridge’s Treacle Tart as top picks of the range – said the offer was intended to “bring the flavours of your favourite restaurant home”.

Analysis by The Sun has revealed that many of the dishes present in the relaunched offer were included in M&S’ old Gastropub deal, including lamb moussaka, cottage pie, chicken forestiere and lasagne.

Meanwhile triple cooked chips, greens, emperor carrots and dauphinoise potatoes remain as sides, as well as runny scotch eggs and prawn cocktail for starter options and tarte au citron and sticky toffee pudding for dessert.

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But the retailer said 95% of the dishes are new or had been improved and all now only use selected M&S Foodhall ingredients or specific ingredients from its Gastropub larder list.

Tom Kerridge has also brought in various new dishes into the deal, including a pork and bacon pâté, British beef cheeks, treacle tart and molten cookie dough.

How to save money on your food shop

Consumer reporter Sam Walker reveals how you can save hundreds of pounds a year:

Odd boxes – plenty of retailers offer slightly misshapen fruit and veg or surplus food at a discounted price.

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Lidl sells five kilos of fruit and veg for just £1.50 through its Waste Not scheme while Aldi shoppers can get Too Good to Go bags which contain £10 worth of all kinds of products for £3.30.

Sainsbury’s also sells £2 “Taste Me, Don’t Waste Me” fruit and veg boxes to help shoppers reduced food waste and save cash.

Food waste apps – food waste apps work by helping shops, cafes, restaurants and other businesses shift stock that is due to go out of date and passing it on to members of the public.

Some of the most notable ones include Too Good to Go and Olio.

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Too Good to Go’s app is free to sign up to and is used by millions of people across the UK, letting users buy food at a discount.

Olio works similarly, except users can collect both food and other household items for free from neighbours and businesses.

Yellow sticker bargains – yellow sticker bargains, sometimes orange and red in certain supermarkets, are a great way of getting food on the cheap.

But what time to head out to get the best deals varies depending on the retailer. You can see the best times for each supermarket here.

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Super cheap bargains – sign up to bargain hunter Facebook groups like Extreme Couponing and Bargains UK where shoppers regularly post hauls they’ve found on the cheap, including food finds.

“Downshift” – you will almost always save money going for a supermarket’s own-brand economy lines rather than premium brands.

The move to lower-tier ranges, also known as “downshifting” and hailed by consumer expert Martin Lewis, could save you hundreds of pounds a year on your food shop.

Some have praised the overhaul, with one fan enthusing on X: “This new Tom Kerridge Gastropub range from @marksandspencer is absolutely banging, btw.”

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Expert Amir Mousavi, a food consultant at the Good Food Studio in London, suspects rising costs were behind the hike.

He said: “Supermarket meal deals, traditionally, run as low-margin permanent promotions.

“Retailers often make 5% to 10% less margin on these offers compared to full-priced products, and their white label producers also sacrifice 5% to 10% margin.

Fans have been quick to criticise the fish and chips

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Fans have been quick to criticise the fish and chipsCredit: M&S

“With rising costs of goods over the last few years, margins have naturally shrunk for both retailers and suppliers.

“Meal deals are not as commercially viable as they once were, necessitating a price restructure to maintain profitability.”

M&S said: “As part of our exciting recent relaunch of our Gastropub range we’ve improved the quality of our dishes to ensure our customers get restaurant- and pub-quality food at home.

“As part of this we have improved 95% of our dishes and also incorporated what we call the Gastropub larder – where all our dishes use ONLY ingredients from this select list.”

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“So, for example, rather than any butter being used, the only butter in these dishes are M&S Salted/Unsalted British Butter, M&S West Country Butter Sweet Cream Butter, or M&S West Country Brue Valley Butter.

“All of these are found in our Foodhalls and ensure that the quality and taste is the same across every dish.

“We have also included the exciting new Tom Kerridge range within the Dine In deal, meaning you can get Michelin star-inspired food in the comfort of your own home and at a just a fraction of the price compared to a restaurant.”

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

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Sainsbury’s shares drop after Qatari group cuts stake

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Shares in J Sainsbury fell more than 5 per cent on Friday after the largest shareholder in the UK’s second-biggest supermarket chain sold nearly a third of its shares.

The Qatar Investment Authority sold about a third of its 14.2 per cent stake in the grocer in a private placing, according to messages sent by Goldman Sachs and seen by the Financial Times.

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The transaction, made late on Thursday, leaves the QIA with a stake of about 9.5 per cent, just behind the 10.1 per cent held by the investment vehicle of Czech businessman Daniel Křetínský. The messages showed that the QIA sold the shares at 280p, a price that would raise £306mn.

Neither Sainsbury’s nor the QIA immediately responded to requests for comment on the sale. Goldman Sachs declined to comment.

Sainsbury’s shares were down 16p — or 5.6 per cent — at noon in London, at 272p.

A person familiar with the QIA’s thinking described the sale as part of its “regular portfolio management” and said the authority was fully supportive of the supermarket group’s strategy and action plan.

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Sainsbury’s in February said it planned to cut annual costs by £1bn, launch a £200mn share buyback and embark on a “progressive dividend policy”.

Including Friday’s fall, Sainsbury’s shares are down 9 per cent so far this year amid concerns about the company’s ability to compete in an aggressively competitive UK retail environment. Sainsbury’s also owns the Tu clothing and Argos brands.

The QIA first bought a stake in Sainsbury’s in 2007, quickly building up to a 25 per cent holding. But it has been reducing this since 2021 when it sold a nearly 7 per cent stake in the grocer to Křetínský.

In a note to investors, analysts at JPMorgan said that “given the strategic nature” of the QIA’s stake, they did not expect the sale to be related to forthcoming UK events such as chancellor Rachel Reeve’s first Budget statement later this month.

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Křetínský is best known in the UK for his successful bid for International Distribution Services, parent of the Royal Mail postal service, agreed earlier this year.

Additional reporting by Laura Onita and Ivan Levingston

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Weekend Essay: Beware, the cyber hackers are coming

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Weekend Essay: The art of putting things right

A few weeks ago I had an absolute nightmare of a day when my work email account got hacked.

The hacker sent out a message to around 500 of my email contacts saying: “Good morning, I hope this email finds you well. Please see attached for your records. Alternatively, you can also access by copying the highlighted link and pasting in browser: [with a link that I’m obviously not going to post here]. It would be greatly appreciated if you could review at your earliest opportunity. Many thanks, Lois”.

They even used my email signature, and I found out from a few people who had replied to “me” that the hacker had replied to them assuring them that the email was definitely from me and the link was fine to click.

They also created an Outlook “rule”, which meant that all emails with an @ sign in the address would be immediately deleted. This meant I did not receive any emails from about 11am when the attack happened, until the wonderful IT team retrieved all of my lost emails. It also meant I assumed I’d lost access to my emails.

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I felt pretty helpless. All I could do was post on LinkedIn telling people to delete the email and not click the link and hope the majority would see it.

Most people, thankfully, realised it was a scam. Anyone who knows me knows I do not use ‘email language’ like “I hope this finds you well”. And I certainly never request things at another person’s “earliest opportunity”. But I know some people clicked the link and I have no idea what the hacker was after. Money, I presume.

Our company IT team sorted it all out pretty quickly and got me back access to my email account. But there was a big chunk taken out of my working day where I didn’t have access even to my laptop while they investigated and changed my passwords.

I’m still not sure how this happened. I’m generally pretty good at sniffing out a scam, so I don’t think it was due to anything I clicked on.

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I have noticed a marked increase in phishing emails coming into my inbox recently, and they often trick even my email spam filter.

They are easy to avoid if you’re cynical and paying attention, but I fear for older people or anyone in vulnerable circumstances, who are much more likely to fall for these kinds of scams.

And things are getting worse. An article by the International Monetary Fund back in April noted that cyber-attacks have more than doubled since the Covid-19 pandemic.

This is largely because hackers are constantly evolving. A report by security software company Egress – published in 2021 – pointed out that cybercriminals are constantly devising new ways to bypass traditional anti-phishing technologies.

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In fact, it said, 98% of all phishing cases rely on social engineering, where victims are manipulated into supplying confidential information to a supposedly legitimate sender.

Financial advice firms may be wondering what all of this has to do with them.

Fraser Jack, founder of Australian firm The Cyber Collective, used to run a financial planning practice before he became a consultant. He says that, back then, he thought cybercrime was a “vague concept” that was not relevant to him or his business. But a 2019 report by Boston Consulting Group found that financial services organisations are 300 times more likely to be the victim of a cyber-attack than other types of companies.

And, in September last year, international law firm RPC revealed that UK financial services firms had reported a more than a threefold increase in the number of cyber-security breaches to the Information Commissioners Office (ICO) in 2023 compared to the previous year.

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It said that during the year to June 2023, 640 cyber security breaches were reported to the ICO, up from the 187 from the year to June 2022. The pensions sector saw the biggest rise, from six in 2021/22 to 246 in 2022/23.

The IMF article said attacks on financial firms account for nearly one-fifth of the total. Banks are the most exposed but advice firms, which hold a huge amount of client data, are certainly not immune.

“In the wild west of cybercrime, someone trying to steal your client data is less of a case of ‘if’ and more of a case of ‘when’,” Fraser Jack wrote, in an article on The Cyber Collective’s website.

It makes sense. I know if I were a cybercriminal I’d target financial advice businesses, with all their minted clients. If you have no morals, why wouldn’t you go for them?

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We know it goes on. Back in February last year, Aviva-owned Succession Wealth, which has around 200 advisers and 20,000 clients, suffered a cyber-attack, off the back of which it said it had launched an investigation and “notified the appropriate authorities”. It also introduced “further security measures”.

At the time the company would not elaborate on the nature of the attack, or give details about the security measures it had brought in.

This was a high-profile attack that was widely reported on in the media. But it is by no means the only attack of this nature on a financial advice firm.

Compliance consultancy B-Compliant said in December last year that an advice firm had contacted it to report that it had been targeted by a phishing email purporting to be from the Financial Conduct Authority. The recipient had noticed a spelling mistake and reached out to see if it was genuine. It was not.

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This, B-Compliant warned, goes to show that hackers aren’t just targeting big firms. Everyone within the sector is fair game and SMEs in particular can be seen as low-hanging fruit, as they are thought to have less infrastructure and controls in place.

Cybersecurity is a key priority for the Bank of England and the financial regulators.

Late last year, the BoE insisted that all financial firms should be testing their resilience to cyber-attacks through CBEST – a targeted assessment that allows regulators and firms to better understand weaknesses and vulnerabilities and take “remedial actions”.

“True and meaningful cyber resilience cannot be delivered or achieved without a whole-organisational, continuous effort,” it said.

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“We strongly encourage firms/FMIs to build and reinforce resilience through a strong foundation of cyber hygiene practices.”

As technology becomes more advanced and the world becomes more connected, cybercriminals are becoming more sophisticated. Financial advice firms of all sizes must be ready.

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Vladimir Putin meets Iran’s new president as Israel weighs retaliation

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Russian President Vladimir Putin met his new Iranian counterpart Masoud Pezeshkian for the first time on Friday, as Tehran is expected to seek Moscow’s help to upgrade its military to counter the threat of attack by Israel.

Iran is almost certain to face military retaliation for a massive missile attack on Israel on October 1, launched in support of its ally Hizbollah. Analysts say that, as part of its deterrence, Tehran is looking to Russian technology such as S-400 surface-to-air missile batteries as well as electronic warfare systems and fighter aircraft.

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The meeting, on the sidelines of a gathering of central Asian leaders in Turkmenistan, comes ahead of the expected signing of a strategic agreement between Russia and Iran at a summit in Kazan later this month, which may touch on defence co-operation.

Pezeshkian, cast as a reformer who took office in July, said after meeting Putin that the two countries’ positions on global issues “are much closer than those of other states” and that they “can support each other”, state media reported.

Putin, for his part, invited Pezeshkian to Russia for a state visit. “We are actively working together on the international arena. Our assessment of events taking place in the world are often very close, even concurrent,” the Russian leader said.

Tehran has been capitalising on the rift that has emerged between Russia and the west since the 2022 invasion of Ukraine, using that as an opportunity to establish a stronger strategic relationship with the Kremlin.

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US and Ukrainian officials last month charged that Iran had shipped hundreds of short-range ballistic missiles to Russia for use in Ukraine. US secretary of state Antony Blinken warned that Russia would share technology in exchange, including nuclear technology.  

Iran denies supplying any weapons to Russia for use against Ukraine, including missiles. It has confirmed the sale of drones but said that deal was made prior to the war.  

Russian President Vladimir Putin and his Iranian counterpart Masoud Pezeshkian
Putin has invited Pezeshkian to Russia for a state visit. ‘We are actively working together on the international arena,’ says the Russian president © Alexander Shcherbak/AFP/Getty Images

Tehran is probably pressing Russia for advanced surface-to-air missiles similar to the US Patriot system, said Sidharth Kaushal, senior research fellow at the Royal United Service Academy in London. It would also want to obtain electronic warfare systems that can jam precision-guided munitions, he added.

Iranian military officials have previously confirmed that the Islamic Republic is also seeking to replace its ageing fleet of fighter aircraft with Russian-made Sukhoi jets.

“Modern Russian aircraft would give them some air-to-air capability compared to the relics that the Iranians are operating,” said Kaushal, noting that its current jets are mostly from before the 1979 Islamic Revolution.

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Russian air defence systems would make any Israeli attack on Iran riskier for all but the most advanced fighter jets, and the 400km range of the S-400 would also put air-to-air refuelling tankers at risk, which would be necessary for any Israeli air strike on Iran, he said. Russia delivered five to six units of the S-300, the predecessor to the S-400, to Iran in 2016 in a $800mn deal.

Kaushal added, however, that Russia was unlikely to be able to spare much weaponry for Iran from its fight in Ukraine.

Hanna Notte of the James Martin Center for Nonproliferation Studies in Berlin also said that Russia would have to balance its relationship with Iran against other partners in the Middle East, such as Saudi Arabia and the United Arab Emirates, which would oppose the sale of advanced weapons to Tehran.

A number of Israeli politicians have called for an overwhelming response to Iran’s attack, which included more than 180 missiles but failed to inflict significant damage on Israel.

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“Our strike will be powerful, precise and above all surprising,” Israeli defence minister Yoav Gallant said this week. Washington has told Israel to avoid nuclear sites as well as energy infrastructure.  

Additional reporting by Bita Ghaffari in Tehran

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Art deco spa that’s ‘London’s oldest’ with Turkish baths, indoor pool and affordable day passes

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The Porchester Spa in central London was restored to its Art Deco splendour in 2020

LONDON’S oldest spa is considered a local landmark, with original features from when it first opened in 1929 and three Turkish bath rooms.

The Porchester Spa, located in Queensway, has been welcoming visitors for almost a century, offering an oasis of calm with a Victorian bath house feel.

The Porchester Spa in central London was restored to its Art Deco splendour in 2020

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The Porchester Spa in central London was restored to its Art Deco splendour in 2020Credit: www.everyonespa.com
The spa is within a Grade II listed building, and features marble, wood and a gold ceiling inside.

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The spa is within a Grade II listed building, and features marble, wood and a gold ceiling inside.Credit: Alamy

It’s set within a Grade II listed building that was restored to its former Art Deco splendour in 2020. 

Its traditional decor includes green and white tiles, marble and wood, a gold ceiling, and original lamps, mirrors and hooks.

Among its facilities are two steam rooms, a sauna, Turkish bath rooms, small and large swimming pools, a plunge pool, and chill out room.

Turkish baths include a series of rooms with different temperatures and humidity levels, and The Porchester Spa has three.

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There’s the Tepidarium, a warm room, Caldarium, a hot room, and Laconium, the hottest room.

Roman-style Turkish baths were reintroduced to the UK in the mid 19th century by MP and diplomat, David Urquhart, who promoted the health benefits of hydrotherapy and thermal treatments after travelling Russia, the Ottoman Empire and Moorish Spain.

There are sessions for just men to use the spa, sessions for just women, as well as mixed sessions.

On top of relaxing at the spa, you can opt for one of a range of treatments, including wraps, scrubs, facials, waxing, and aromatherapy massages.

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And there’s also a cafe serving hot and cold beverages, sandwiches and snacks.

The spa offers affordable prices – day passes for non-members to the spa are £29.70.

Discover Scotland’s Top Spa of 2024

Treatments start from just £36, including a 30 minute back, neck and shoulder massage, and an Indian head massage.

People who have visited the spa have been amazed as its luxury-feel decor and cheap prices.

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One person, who gave the spa five stars on Tripadvisor said: “Wow; a fabulous find here in London. A nice traditional Turkish style baths; but Art Deco!”

Another penned: “I love this place. I come here often. An oasis in the city.”

And someone commented on the spa having a great pool and good customer service, and said they couldn’t fault it.

They added: “Lovely facility for a fraction of the price that luxury spas are charging.”

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Winners of The Good Spa Guide Awards 2024

Day passes and treatments at The Porchester Spa should be booked in advance, either online or through the Everyone Active app.

Casual bookings are only available five days in advance.

Among the spa's features are a sauna and three Turkish bath rooms of different temperatures

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Among the spa’s features are a sauna and three Turkish bath rooms of different temperaturesCredit: www.everyonespa.com
On top of relaxing at the spa, you can opt for one of a range of treatments, including wraps, scrubs, facials, waxing, and aromatherapy massages

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On top of relaxing at the spa, you can opt for one of a range of treatments, including wraps, scrubs, facials, waxing, and aromatherapy massagesCredit: Getty

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