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Good morning from the Financial Times. Today is Monday, September 12th, and this is your FT News Briefing.

UK financial markets are bracing for Liz Trust's energy package. Russia's gas

problem is making record profits even though it's shipping much less gas to Europe.

But first we'll look at how King Charles III might manage the crown's vast financial holdings.

I'm Jess Smith in from Mark Filipino, and here's the news you need to start your day.

King Charles embarks on a tour of the United Kingdom today to show his commitment to the

foreign nations that make up the UK. He'll start in Edinburgh,

he'll lead a procession that takes his mother's coffin to St. Giles Cathedral.

Now one of Charles's ongoing tasks will be to manage the crown's vast financial holdings.

The FT's senior business writer Andrew Hill has been writing about how the Queen managed them.

He joins me now to talk about how Charles might handle them. Hi Andrew.

Can you remind me briefly of the extent of the crown's holdings?

So the crown estate has got 15.6 billion pounds of property, and that includes big chunks of

central London, Regent Street, but it also includes commercial parks, retail parks, countryside,

and then the Duchy of Lancaster, that's a private estate. It's 18,000 hectares plus,

and with a net asset value at the last count of 653 million pounds.

So these are not insubstantial holdings, which of course,

tot it up, would make the King one of the wealthiest people in the world. He still is even without

the public holdings. So Andrew, do we have a sense of how King Charles's

management style might differ from Queen Elizabeth's?

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