From Caviar to Cardboard Cutouts, Businesses Hope for Coronation Boost

Royal enthusiasts hold images of Britain's King Charles III and Camilla, Queen Consort as they camp along the Mall, ahead of their coronation, in London, Sunday, April 30, 2023. (AP)
Royal enthusiasts hold images of Britain's King Charles III and Camilla, Queen Consort as they camp along the Mall, ahead of their coronation, in London, Sunday, April 30, 2023. (AP)
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From Caviar to Cardboard Cutouts, Businesses Hope for Coronation Boost

Royal enthusiasts hold images of Britain's King Charles III and Camilla, Queen Consort as they camp along the Mall, ahead of their coronation, in London, Sunday, April 30, 2023. (AP)
Royal enthusiasts hold images of Britain's King Charles III and Camilla, Queen Consort as they camp along the Mall, ahead of their coronation, in London, Sunday, April 30, 2023. (AP)

Businesses are seeking to entice royal fans with a slew of products marking the coronation of Britain's new monarch. Mugs, plates, tea towels, magnets, cushions and teddy bears are staple memorabilia for royal occasions and an array of these to mark King Charles' coronation on May 6 are already filling shop windows.

But some retailers are hoping more niche products will also catch the eye of consumers.

Toy brand Matchbox is selling made-to-order 1:64 scale models of the gold state coach, a fixture in royal coronations, while the card game Top Trumps has a new "Kings & Queens" version. Others are selling coronation varieties of the games pass the parcel, bingo and charades.

Biscuit maker McVitie’s has a limited-edition tin that pays homage to Charles and his wife Camilla's love of nature as well as the monarch's watercolor painting hobby, while numerous labels and supermarkets are marketing teas or sparkling wines.

Brand Caviar House & Prunier has a limited edition tin adorned with the Union Jack and the words "His Majesty's Caviar", while Premier Foods has celebratory packaging for products including Bisto gravy granules and Ambrosia custard.

Supermarkets have dedicated online pages for products and decorations for coronation parties - and the demand is there.

John Lewis Partnership, the owner of the eponymous department stores and supermarket chain Waitrose, said last week searches for coronation products on its website had risen more than 262% on the previous week.

Catalogue retailer Argos says one particular piece is faring well among shoppers - a cardboard cut-out of Charles.

“Our royal family selection of cardboard cut-outs have always been a favorite of our customers, with King Charles proving himself to be a top seller," an Argos spokesperson said.

"Even ('Frozen' character) Queen Elsa can’t compete in the run up to the celebrations."



Oil Falls from Highest since October as Dollar Strengthens

People stand on the the pier with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. Mario Tama/Getty Images/AFP
People stand on the the pier with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. Mario Tama/Getty Images/AFP
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Oil Falls from Highest since October as Dollar Strengthens

People stand on the the pier with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. Mario Tama/Getty Images/AFP
People stand on the the pier with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. Mario Tama/Getty Images/AFP

Oil prices dipped on Monday amid a strong US dollar ahead of key economic data by the US Federal Reserve and US payrolls later in the week.
Brent crude futures slid 28 cents, or 0.4%, to $76.23 a barrel by 0800 GMT after settling on Friday at its highest since Oct. 14.
US West Texas Intermediate crude was down 27 cents, or 0.4%, at $73.69 a barrel after closing on Friday at its highest since Oct. 11, Reuters reported.
Oil posted five-session gains previously with hopes of rising demand following colder weather in the Northern Hemisphere and more fiscal stimulus by China to revitalize its faltering economy.
However, the strength of the dollar is on investor's radar, Priyanka Sachdeva, a senior market analyst at Phillip Nova, wrote in a report on Monday.
The dollar stayed close to a two-year peak on Monday. A stronger dollar makes it more expensive to buy the greenback-priced commodity.
Investors are also awaiting economic news for more clues on the Federal Reserve's rate outlook and energy consumption.
Minutes of the Fed's last meeting are due on Wednesday and the December payrolls report will come on Friday.
There are some future concerns about Iranian and Russian oil shipments as the potential for stronger sanctions on both producers looms.
The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude, two sources with knowledge of the matter said on Sunday.
Goldman Sachs expects Iran's production and exports to fall by the second quarter as a result of expected policy changes and tighter sanctions from the administration of incoming US President Donald Trump.
Output at the OPEC producer could drop by 300,000 barrels per day to 3.25 million bpd by second quarter, they said.
The US oil rig count, an indicator of future output, fell by one to 482 last week, a weekly report from energy services firm Baker Hughes showed on Friday.
Still, the global oil market is clouded by a supply surplus this year as a rise in non-OPEC supplies is projected by analysts to largely offset global demand increase, also with the possibility of more production in the US under Trump.