News from October 10, 2025

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Inside the multimillion pound Distillers One of One auction 2025
Technology

Inside the multimillion pound Distillers One of One auction 2025

Old and rare whisky is often newsworthy, especially when one sells for a lot of money. These one-off bottles, a snapshot in time, don’t come around often which is why the Distillers One of One auction has become a much anticipated event. The auction brings together some of Scotland’s biggest brands, along with independents and liquid from long lost distilleries to raise money for charity. Since the initial auction in 2021, the Distillers One of One has established itself as the largest global charity auction of rare Scotch whisky ever staged and to date has raised over £4m. This has been principally awarded to the Youth Action Fund, which aims to transform young people's lives in Scotland, particularly those from disadvantaged backgrounds, to reach their potential and make a positive contribution to their communities. Having attended the first auction at Barnbougle Castle in 2021, I was keen to see how the auction would go this year, with its 39 lots. While every piece was a work of art, the buzz was around the Port Ellen Prism 46 Year Old. The oldest single malt ever released from the Islay distillery, it was held in an ethereal, sea-creature-like sculpture and sold for £375,000. Other art-like lots included the capsule 40 year old Laphroaig, which sold for £125,000; The Glenlivet SPIRA 60 Year Old, the oldest expression to be released from the distillery to-date, presented in a 1.5 litre spiral decanter hand-blown and shaped by Brodie Nairn at Glasstorm and which sold for a whopping £650,000 and the Glen Grant Eternal 77 Year Old which achieved an auction record and sold for £400,000, five times its estimated value. After welcome drinks and a chance to see the lots, the lunch - and auction - kicked off. The atmosphere in the room was often tense but mainly loud and joyful with the audience cheering and clapping as the bids got higher. The auctioneers were hilariously entertaining and, as the final hammer came down, it was unannounced that this year’s auction had raised £2.9m for charity. Grant Gordon OBE, chairman of the Distillers’ Charity said: “What pride for me to see that the Scotch Whisky industry continues to come together to raise incredible amounts in support of young people, especially from disadvantaged backgrounds, helping them achieve their ambitions and strengthen our communities. “Over nearly four years, between January 2022 and the end of September 2025, the Youth Action fund has helped 2619 young people secure employability, meaning a job apprenticeship, training or education leading to work. “We sincerely thank all those involved for their time and talent, whether they are in the industry, sponsors or craftspeople and the buyers for their support and generosity, whose contribution together helps transform the lives of young people in Scotland.”

Starmer ‘ready to progress’ plans to spend frozen Russian assets on Ukraine loan
Technology

Starmer ‘ready to progress’ plans to spend frozen Russian assets on Ukraine loan

Sir Keir Starmer is “ready to progress” plans to use frozen Russian sovereign assets to support Ukraine’s war effort, he has said. The Prime Minister has spoken with his counterparts from Ukraine, Germany and France, and indicated that Moscow could face more sanctions “in the coming days and weeks”. Sir Keir set out his position after European leaders met in Copenhagen last week, where they discussed putting together a “reparations loan” for Ukraine, taken from the value of immobilised assets. He signed a joint E3 statement, with German Chancellor Friedrich Merz and French President Emmanuel Macron, on Friday which read: “We will increase pressure on Russia as President Putin continues his stalling tactics and abhorrent attacks in response to peace talks. “To that end, we are ready to progress towards using, in a co-ordinated way, the value of the immobilised Russian sovereign assets to support Ukraine’s armed forces and thus bring Russia to the negotiation table. “We aim to do this in close co-operation with the United States of America. “We agree to develop further bold and innovative mechanisms to increase the cost of Russia’s war and ramp up pressure. This includes driving forward action on the Russian shadow fleet.” Sir Keir also spoke with Volodymyr Zelensky, and told him that the UK, Germany and France “were united in wanting to drive progress towards using the full value of the immobilised Russian sovereign assets to end the war and ensure a just and lasting peace in Ukraine”, according to a readout. Sir Keir and the Ukrainian president agreed that “further sanctions in the coming days and weeks would also add to the pressure on Russia”, the document added. No 10 said: “The Prime Minister began by sharing his heartfelt condolences to those impacted by the barbaric Russian attacks overnight. “The leaders discussed how Russia’s systematic attacks on Ukraine’s critical national infrastructure in the lead up to winter further emphasised that (Vladimir) Putin was not serious about peace. “It was vital Ukraine received the military equipment it needed to defend itself from Russia’s continued aggression, the Prime Minister said.” Writing on X, Mr Zelensky said: “I appreciate his words of condolence. “Last night, Russia carried out another terrorist attack on our cities and communities. “One of the targets was Ukraine’s energy system, therefore, we need to strengthen our air defence and expedite every decision regarding missile and system deliveries. “And that was the main focus of our conversation with Keir. I am grateful for his understanding of our needs and for his support.” Mr Zelensky later added: “We are also preparing new sanctions steps against Russia. “Keir shared some ideas that could set the right pressure. “Every sanction decision weakens Russia’s war machine, and we will continue our joint work with all partners.” European Commission vice-president Kaja Kallas gave members of the press in Copenhagen an insight into the structure of the scheme being discussed on the continent, which she said was “based on the frozen assets”. She said: “The system is so that if Russia does not pay the reparations to Ukraine, then, you know, these assets are not given back. “If Russia decides, after this war is over, to repay all the damages that they have caused, then of course, these assets will be given back, and this loan is not there. “But if we do not take those assets into account then it is on our taxpayers, that is for sure.”

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