Giant screens will be erected at 30 locations across the UK for the public to watch the “magical moment” when King Charles III is crowned monarch, the government has announced.
Piccadilly Gardens in Manchester, Jubilee Square in Brighton, Cardiff Castle and Derby Cathedral are among the confirmed sites which will host live streaming of the historic event for tens of thousands of people.
London will host a screening but the exact location has yet to be revealed.
In total, the project run by the Department for Culture, Media and Sport was allocated £1 million ($1.2 million) in funding from central government.
Millions more people across Britain and the world are expected to tune in at home to watch the event on May 6.
It will be 70 years since the British public last had the chance to watch a coronation. Queen Elizabeth II’s crowning ceremony in June 1953 was watched by some households on black-and-white televisions. Others, who did not have access to a TV, celebrated the occasion with street parties.
The coronation will also see King Charles's wife Camilla crowned Queen Consort.
Culture Secretary Lucy Frazer said the erection of screens at public places will bring people together for an unforgettable day.
“The coronation will be a magical moment that brings people together to celebrate the best of Britain over a special weekend in May,” she said.
“These big screens, in major locations in towns and cities in the four nations of the UK, will make it easier for everyone to take part and have a memorable experience to mark this exciting and historic event.”
Community festivals will be held in villages, towns and city suburbs to mark the coronation, with entertainment including live music, workshops, art showcases and creative games.
Windsor Castle in Berkshire will host a coronation concert the day after the coronation, with thousands of members of the public in the audience.
Well known locations across the UK will be lit up using projections, lasers, drone displays and illuminations to celebrate Britain’s first male monarch in 71 years.
Coronation “Big Lunches” and other street parties will also be held in communities to raise money for charity. The gatherings held last summer for the queen’s platinum jubilee raised more than £22 million for good causes.
Thirty locations for the screens were announced on Friday, with more to follow in due course.
South-East
· Jubilee Square, Brighton
· London (location TBC)
North-West
· Piccadilly Gardens, Manchester
· Parliament Square, Oldham
North-East
· Sunderland (multiple locations across the city TBC)
· Newcastle Upon Tyne (Location TBC)
· Northumberland (Location TBC)
· Darlington Market Square, Darlington
Yorkshire and Humber
· City Hall, Hull
· Trinity Market, Hull
· City Park, Bradford
· Piece Hall, Halifax
· St Peter’s Parish Church, Huddersfield
· Dewsbury Library, Dewsbury
· Millennium Square, Leeds
· Pontefract Castle, Wakefield
· Peace Gardens, Sheffield
· The Glass Works, Barnsley
South West
· Bristol Cathedral, Bristol
· Bristol and Bath Science Park, Bristol
· Lower Gardens, Bournemouth
· Baiter Park, Poole
· The Quomps, Christchurch
· Plymouth (location TBC)
Midlands
· Centenary Square, Birmingham
· Broadgate, Coventry
· Himley Hall, Dudley
· Sandwell Valley Showground, Sandwell
· The Core, Solihull
· Derby Cathedral, Derby
· Smithfield, Hanley City Centre, Stoke-on-Trent
· Nottingham (location TBC)
· De Montfort University, Leicester
Wales
· Cardiff Castle, Cardiff
Scotland
· Location TBC
Northern Ireland
· Belfast City Hall, Belfast
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The Written World: How Literature Shaped History
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
