Police are continuing to investigate a savage knife attack in which left three people died and another was left critically injured in Nottingham early on Tuesday.
Witnesses gave harrowing accounts of the rampage, with one telling the BBC he heard “awful, blood-curdling screams” and saw a “black guy dressed all in black with a hood and rucksack grappling with some people”.
Nottinghamshire Police said a 31-year-old man was tasered and arrested on suspicion of murder after Barnaby Webber and fellow University of Nottingham student Grace O'Malley-Kumar were stabbed to death in Ilkeston Road at about 4am.
A third person named by his employer, the Lead Academy Trust, as school caretaker Ian Coates, was also found dead.
Another person was critically injured.
Who were the victims?
University of Nottingham student Barnaby Webber, 19, was studying history. He was a keen cricketer whose family home was in Taunton, Somerset.
He was a former pupil of Taunton School. A fellow former pupil described him as a “wonderful young man with much to look forward to”.
Mr Webber played for cricket teams including Bishops Hull Cricket Club, where members called him a dear friend who was a key part of the club.
He had a younger brother, Charlie, who, along with his parents, David and Emma, described their “complete devastation” at his death.
His parents and brother said he was “a beautiful, brilliant, bright young man, with everything in life to look forward to”.
Fellow student Ms O'Malley-Kumar, also 19, was in the first year of a medical degree.
Her family described her as a "truly wonderful and beautiful young lady".
In a statement, issued by Nottinghamshire Police, they said: "Grace was an adored daughter and sister; she was a truly wonderful and beautiful young lady.
"Grace was not just a sister to James but his best friend. He is completely heartbroken. As parents, words cannot explain our complete and utter devastation. She will be so dearly missed.
"We were so incredibly proud of Grace's achievements and what a truly lovely person she was. She was resilient and wise beyond her years. Grace was so happy in life fulfilling her ambition of studying to become a doctor whilst playing topflight hockey at university.
"She leaves behind devastated extended family and friends. We request that all media outlets stop invading our privacy while we face this sorrow."
Miss O'Malley-Kumar was a talented hockey player who played for England under-16 and under-18 squads, as well as teams including Southgate Hockey Club in north London.
She was also a gifted cricketer and played at Woodford Wells Cricket Club in Essex. The club called the teenager “fun, friendly and brilliant”.
Ms O'Malley-Kumar attended independent Bancroft's School in north-east London before attending the University of Nottingham.
According to reports, her father is thought to be Dr Sanjoy Kumar, a GP who saved three teenagers after a knife attack in 2009.
Mr Coates was also found fatally stabbed. The suspect is believed to have stolen his van and driven at pedestrians in Milton Street. The school caretaker was described as “a much-loved colleague who always went the extra mile for the benefit of our children”.
Another person was critically wounded in the attack.
Who is the suspect?
Reportedly of West African origin, the 31-year-old suspect has lived legally in the UK since he was a teenager and has a history of mental health problems.
Police said they subdued the suspect with a stun gun and detained him on suspicion of murder.
What is happening?
Police said they believed the attacker acted alone and are working with counter-terrorism officers to try to establish a motive.
The attack has not been labelled terrorism by the authorities, and police are investigating issues including the suspect's mental health.
On Tuesday officers carried out searches at properties around the city – with cordons erected on various sections of Ilkeston Road.
The cordon was lifted on Wednesday, but two officers were stationed outside a terraced property that appeared to be the subject of police searches on Tuesday afternoon. Staff at a neighbouring hairdresser said the property had been raided last year.
Police are examining CCTV from a residential care home, which appears to show a man dressed in black trying to gain access through a bay window.
Alex Pridmore, a trustee of the All Saints Shelter charity, which runs the home, said the footage showed someone trying to gain access through a ground-floor window at about 4am on Tuesday.
Mr Pridmore said: "None of our residents were hurt.
"A resident had woken up and shut the window and was able to prevent the man coming in.
"The CCTV has been provided to the police. The resident alerted security, we have 24/7 security on the door."
A resident at the home, who did not wish to be named, said he punched the glass of his bay window to frighten off the man.
The incident was not reported to police at the time, police said, as they outlined the sequence of Tuesday's events in more detail.
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Sunday's games
All times UAE:
Tottenham Hotspur v Crystal Palace, 4pm
Manchester City v Arsenal, 6.15pm
Everton v Watford, 8.30pm
Chelsea v Manchester United, 8.30pm
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.”
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The specs
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What's in the deal?
Agreement aims to boost trade by £25.5bn a year in the long run, compared with a total of £42.6bn in 2024
India will slash levies on medical devices, machinery, cosmetics, soft drinks and lamb.
India will also cut automotive tariffs to 10% under a quota from over 100% currently.
Indian employees in the UK will receive three years exemption from social security payments
India expects 99% of exports to benefit from zero duty, raising opportunities for textiles, marine products, footwear and jewellery
