Burkhalter's British/American Update

June 15, 2012

RBS releases Queen's Diamond Jubilee £10 note

A commemorative £10 banknote to celebrate the Queen's Diamond Jubilee and her connections with Scotland has been launched.  

The Telegraph
May 23, 2012

The note depicts images of the Queen over her lifetime, including a picture of her at Balmoral, an official photograph taken in the 1940s, an image of her attending the Mass for the Order of the Thistle, and one taken at Epsom Racecourse in 2008.

The note, launched by the Royal Bank of Scotland (RBS) and approved by the Queen, is available in branches in Scotland as well as to order for its face value plus postage charges.

Two million notes will be issued, with initial supplies already in circulation, to celebrate the Queen's 60-year reign.

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U.K. Aims To Mute Impact Of Crisis

June 15, 2012

The U.K. on Thursday unveiled an extraordinary series of measures designed to insulate the British financial system and economy from the euro zone's deepening crisis.

Chancellor of the Exchequer George Osborne and Bank of England Gov. Mervyn King announced plans to flood banks with cheap funds in a dual attempt to jump-start lending to British households and businesses and to fend off potential financial problems at big U.K. lenders.

To read more click here.


Olympics Give Sterling a Sporting Chance 

Laura Clark and Katie Martin
The Wall Street Journal

June 14, 2012

The Olympic Games, coming to London next month, have generated a boom for the city's hotels and transformed some of the grubbier parts of London where the big events will be hosted.

The Games may also have acted as a crutch for the ailing pound.

Currencies have a long record of pushing higher in the runup to global sporting events, as the preceding splurge in infrastructure spending acts as an economic support.

The total spending on this year's Olympics in London is expected to be around £9.3 billion ($14.4 billion).

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Mayor to Employ Three in New International Affairs Office  

Trevor Williams
Global Atlanta

June 8, 2012

Atlanta Mayor Kasim Reed is set to hire three employees for an international affairs office that would be established with the passage of the city's fiscal 2013 budget this month.

The office, which would be administered by the mayor's chief of staff, would have an annual budget of about $226,000, according to Sonji Jacobs, a spokesperson for Mr. Reed.

The mayor's office already employs international affairs specialist Noah Downer and will add another specialist along with a director. It's unclear whether Mr. Downer, who has been active in the community and traveled with the mayor's delegation to Chinain March, is in the running for the director position or whether it would be filled from the outside.

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Viztone Ltd. and Adapt IP Ventures Partner to Monetize Mobile Ring Tone Patent Portfolio 

MarketWatch
June 13, 2012

Viztone Ltd. and Adapt IP Ventures, LLC announce a partnership focused on monetizing Viztone's patent portfolio related to mobile content delivery. The Viztone patent portfolio enable wireless communications providers to distribute entertainment or advertising while a call is being connected by delivering targeted messages, images or videos. Companies interested in obtaining more information about the Viztone patents should contact Adapt IP Ventures.

"Our application enables those 'lost moments' prior to connection to be used effectively, this presents an advertising blank canvas for marketers and brand owners alike," stated Colin Barnes, Director at Viztone. "We originally started looking at this technology back in 2000 and filed our first patent applications at that time. We have seen the market develop technically and commercially and believe this is the right time to monetize our portfolio."

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Coca-Cola launches new bottle in the UK for the first time in nearly 20 years  

Sean Poulter
Daily Mail
June 11, 2012

Coca-Cola has introduced its first new bottle to the UK for almost 20 years, however it comes with a back door price rise.

The 375ml bottle is being heralded as a major innovation by the drinks giant and could - one day – spell the end of the traditional smaller can.

Coke is marketing the new bottle on the basis it is ‘pocket size’ and ‘good value’.

However, a price comparison makes clear that it is more expensive ‘slurp for slurp’ than the existing standard can and bottle sizes.

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Price to Show U.K. Soccer Rises by 69% 

Paul Sonne
The Wall Street Journal
June 14, 2012

England's Premier League, one of the world's most popular soccer organizations, said that two companies agreed to pay £3 billion ($4.67 billion) for the U.K. broadcasting rights to three years of live matches, 69% more than broadcasters paid for similar rights in 2009.

British Sky Broadcasting Group BSY.LN -3.52%PLC, the longtime foundation of the league's U.K. broadcasting package, agreed to pay £2.28 billion for the exclusive rights to show 116 live matches a year from 2013 to 2016. That is £700 million more than the pay-TV giant paid for a deal during the last auction in 2009.

To read more click here.