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- New McLaren GTS Joins McLaren Line-Up
McLaren has revealed the new GTS, which joins the McLaren line-up as a replacement for the GT. The super-lightweight GTS is engineered to delight drivers who demand the dynamic excellence and driving excitement of a McLaren and the ride comfort, refinement and luggage space suited to routine drives and extended journeys. “The new McLaren GTS offers an unmatched blend of McLaren driving dynamics and performance, with refinement and practicality. When you want a true supercar driving experience, the GTS delivers that; when you want to relax on a longer journey or with luggage for a weekend away, the GTS is an ideal companion. This is a car that is true to McLaren’s racing DNA but with multiple layers of ability,” explains Michael Leiters, CEO of McLaren Automotive. Retaining the core McLaren attractions of beautiful yet functional design, class-leading power-to-weight ratio – enabled by lightweight carbon fibre construction centred on a unique monocoque chassis – and unmatched driving dynamics, the new GTS is also visually even more powerful and offers increased choice of exterior and interior specification. The elegant exterior lines of the GT remain the basis of the car’s aerodynamic package and profile, but new visual enhancements mean that the GTS is even more assertive. At the front of the GTS, the ‘hammerhead’ signature styling has been updated with a new lower front bumper section. This area of the car features newly sculpted air intakes that are more pronounced, with wider intakes to channel more air into the car’s radiator system. The front intake air blades can be optioned in gloss visual carbon fibre, reflecting McLaren’s racing DNA and giving the GTS a more aggressive look. On the rear fenders, new, taller air scoops – also available in gloss visual carbon fibre - are sited on the car’s shoulders. Like the redesigned front end, the enhancements on the rear fenders are functional, enabling greater airflow into the 4.0-litre twin-turbocharged V8 engine. The muscular visuals and surfacing of the GTS include a large rear diffuser and dual exhausts – the latter also part of a package that delivers a raw supercar soundtrack on demand with the optional Sports Exhaust system. As standard, the GTS comes with a gloss black finish on the exhaust finisher, mirror caps and window surrounds, for a stealthy appearance by default. New GTS badging, including new side badges, can be tinted with a black finish by selecting the Stealth Badge Pack option. Visual carbon fibre options include an underbody carbon pack, which encompasses the front splitter, side skirts and rear bumper lower and diffuser. Exterior details such as the front air intake blades, the rear fender air intakes and mirror caps can also be finished in carbon fibre. The GTS is underpinned by the carbon fibre MonoCell II-T monocoque chassis, which boasts strong, ultra-lightweight construction and the rigidity demanded by a mid-engine McLaren supercar. The standard composite roof is made from recycled carbon fibre, one of many weight saving solutions within the construction of the GTS that contributes towards optimal vehicle performance and dynamics. These choices are instrumental in enabling the GTS to deliver a thrilling lightweight supercar driving experience, without deterioration in ride quality, or unnecessary noise, harshness and vibration. At just 1,520kg (DIN) the GTS is the lightest car in its class and has a segment best power-to-weight ratio of 418PS per-tonne. The power of the V8 M840TE 4.0-litre twin-turbocharged engine has been elevated to 635PS at 7,500rpm, the additional 15PS coming from increased crankshaft torque enabled by more aggressive combustion phasing and revised ignition timing. A launch-control function is standard; when enabled, the GTS hits 0-100km/h (0-62mph) in only 3.2 seconds and 0-200km/h (0-124mph) in just 8.9 seconds. The maximum speed of the GTS is 326km/h (203mph). The GTS has a seven-speed SSG transmission that provides smooth, seamless and rapid shifts in default-from-start-up Comfort mode, ensuring relaxing yet brisk acceleration. Beyond this, a driver can enhance their supercar experience with two further driving modes – Sport and Track – via the Active Dynamics Panel. Sport introduces heightened drama and urgency, with momentary ignition-spark-cut technology delivering faster and more aggressive gearshifts. Track mode takes this to a higher level still, maximising the performance of the gearbox with minimal loss of torque between shifts. Manual control of gearshifts is possible using the steering-wheel-mounted paddle shifters in any of the drive modes. The tuning of the electro-hydraulic steering system, the standard-fit suspension featuring adaptive damping with proactive damping control, and the powerful carbon ceramic braking system are all unique to the GTS. These elements optimise the mid-mounted position of the V8 engine and the car’s lightweight construction for an authentic supercar driving experience, with balance and agility prioritised, but not at the expensive of comfort and ride quality when this is beneficial. The steering of the GTS delivers a level of feedback and feeling unmatched by rivals. Ultra-precise and accurate, the system automatically increases its level of assistance at low speeds, for ease-of-use during low-speed manoeuvres such as parallel or bay parking. The McLaren GTS is equipped with 390mm brake discs at the front and 380mm discs at the rear, all carbon ceramic. With lightweight six-piston aluminium calipers (four-piston at the rear), the braking system delivers immense feel and performance, capable of bringing the car to a halt from 62mph in just 32 metres. The continuously variable, twin-valve hydraulic dampers from McLaren Automotive’s Official Intelligent Suspension Supplier, Monroe, are a fundamental part of the lightweight, aluminium double-wishbone suspension. Featuring McLaren’s adaptive damper technology, Proactive Damper Control, suspension characteristics alter between the three Active Dynamics modes – Comfort, Sport and Track. This ranges from maximum compliance in Comfort, ideal for more relaxed driving, to much more robust damper control in Track mode, for dynamic drives. The GTS is also well within its comfort zone in urban environments. Visibility to the front is excellent, while the large glass tailgate, glazed C-pillars and large rear quarter windows ensure first-class rearward vision. Underbody ground clearance of 110mm can be increased to 130mm using the vehicle lift function. Enhanced over the GT’s system, the GTS vehicle lift can now raise or lower the nose in only four seconds – more than twice as fast as before. A carbon fibre rear upper structure within the monocoque chassis’ design allows for the creation of a large and versatile luggage space behind the passenger cell. 420 litres in capacity, the cargo area is accessed via a front-hinged, full-length glass tailgate that is electrically operated and incorporates a soft close function. The luggage space is complemented by a 150 litre storage within the nose of the car. The total cargo space of 570 litres makes the McLaren GTS the most practical new supercar on sale today. Aligned with the inherent practicality of the GTS is an interior designed to blend the car’s level of performance with a refined and luxurious space. It is a comfortable cabin for long distance journeys, while it also provides a platform from which the driver can take full advantage of the car’s outstanding dynamic capabilities. The refined, high-quality cabin uses a mixture of materials selected to deliver an ambience of performance and luxury. Machine polished and knurled aluminium switches and controls are placed around the interior, including for the steering wheel-mounted gearshift paddles, alongside gloss black surrounds for the infotainment screen, gear-selector on the centre console, air vent housings and window switches. Optional visual carbon fibre packs include a satin carbon finish steering wheel clasp and extended gearshift paddles, and interior surrounds, along with sill finishers with McLaren branding. As standard, the Comfort seats of the GTS are upholstered with Nappa leather trim alongside a leather trimmed steering wheel. New Performance and TechLux interior schemes introduce a refreshed design. Performance trim is sporty, sharp and technical with seats upholstered in Softgrain Aniline leather and Alcantara© in Jet Black or Barolo, with contrasting piping. Performance also includes Power Adjust Heated Memory Comfort Seats. The new TechLux interior scheme epitomises classical elegance, albeit with a modern McLaren twist. A choice of Softgrain Aniline Leather interiors feature sophisticated colour highlights with a unique and newly introduced double piped pattern on the seats. The 10.25-inch digital instrument display, with its crisp and sharp graphics, provides a clear view of vital driver information such as speed, gear selection and engine revs, and integrates with the standard navigation system to provide turn-by-turn directions. The GTS also features a 7-inch central touchscreen infotainment system, portrait in orientation. Sharp and responsive thanks to its powerful 10-core processor, it’s easy to use, with its smartphone-style menu and input method. Satellite navigation with HERE® navigation mapping and real-time traffic information, Bluetooth telephone connectivity and media streaming, plus DAB digital radio reception is standard. A Bowers & Wilkins premium audio system comprising 12-speakers, along with carbon fibre sub-bass woofers and Kevlar mid-range drive units is optionally available. Interior illumination by way of hidden-until-lit six-colour ambient lighting is offered, while the natural light afforded by a glass panoramic roof is available with an electrochromic glazed panel, which replaces the standard carbon fibre composite gloss black roof. The panel allows a driver to select one of five light transmission levels at the touch of a button. In its darkest setting, the electrochromic roof provides a 0.6% light transmission level. Alongside an extended and refreshed palette of exterior paints including new options such as Mantis Green, Tanzanite Blue and Ice White, there is a new colour exclusive to the GTS from launch: Lava Grey. This metallic finish incorporates a shimmering red fleck that catches the light to create a distinctive effect that marks it out from other shades of grey. Further additions include a new 10-spoke Turbine lightweight forged alloy wheel, available in Silver, Gloss Black, Gloss Black with Diamond Cut effect, and Orum. The standard wheel for the GTS is a 10-twin-spoke forged alloy wheel, also offered in Silver, Gloss Black or Gloss Black Diamond Cut, alongside an exclusive Tungsten option. Both wheel designs can be combined with new optional titanium locking wheel bolts, which are 35% lighter than the standard bolts, reducing unsprung mass. McLaren’s technical partner Pirelli supplies P ZERO™ tyres developed specially for the GTS, offering high-performance and levels of grip, alongside refinement in equal measure. The McLaren GTS comes with a standard three-year vehicle warranty with unlimited mileage, as well as a three-year paint warranty and a ten-year anti-perforation warranty. The GTS is eligible for the McLaren Extended Warranty, which can be purchased in 12- or 24-month periods up to a total warranty of 12 years. Three years of vehicle servicing is included with the McLaren Service Plan. An accomplished and functional approach to a lightweight McLaren supercar, the new GTS takes its place in a McLaren line-up that will continue evolving in 2024 and beyond.
- Furniture Village To Open New London Store
The UK’s largest independently owned furniture retailer, Furniture Village, is set to open an exciting new store in Staples Corner, North West London, on 26th December 2023, replacing its current space in Friern Barnet. The new store will offer customers a total of 16,920 sq ft of home inspiration set across two floors. The store merchandise has been tailored to the needs of the company’s North London clientele, taking into consideration the best-selling styles and ranges from Friern Barnet. Additionally, the store will offer creative home inspiration, Furniture Village’s latest collections and an unrivalled customer shopping experience. The configuration of the space has been modified to reflect the business’s latest store design, incorporating the new style of platform landings and access for customers to the mezzanine floor sales area. Charlie Harrison, Managing Director at Furniture Village, comments: “We are incredibly excited to open our newest Furniture Village store in Staples Corner Retail Park, a popular shopping destination for furniture and homeware in North West London. Our new store will showcase our beautiful and unique furniture and accessories for every room in the home, with each piece handpicked by our expert team of buyers and sourced from across the globe.’’ "We have invested significantly in enhancing the customer experience and I am delighted that the new location allows us to offer a more seamless shopping experience for the North London customer, with a more immersive store layout and a variety of creative roomsets making it the perfect destination for those seeking home inspiration and expert advice.” Featuring dedicated spaces from leading brands such as Calligaris, G-Plan, Harrison Spinks and Vispring, along with exclusive collections, quick delivery lines and a lowest price guarantee, the new retail space promises to inspire and delight with expert advice from the knowledgeable and friendly team. Charlie added, “We have a wonderful team in Friern Barnet and are delighted that they will be relocating with us to the new store. We all look forward to welcoming customers through the doors on Boxing Day.’’
- King Power Stadium Development Latest
Leicester City Football Club is pleased to confirm that its hybrid planning application for the development of the King Power Stadium and surrounding site has now received formal approval from Leicester City Council, following the Council planning committee’s initial approval in September 2022. This final decision had been held pending the finalisation of a Section 106 agreement in relation to the proposed development, which has now been concluded. The Club welcomes this endorsement of the planning committee’s previous approval and thanks its fellow city stakeholders for their continued cooperation and support for a developmental vision that will be transformational for the city and the region. The hybrid application, initially submitted for consideration in October 2021 following an extensive public consultation process, consisted of a detailed planning application for an East Stand expansion of 8,000 seats, along with an outline application for a wider masterplan, including a fanzone and public realm, an event and entertainment arena, a 220-room hotel, a residential tower and a new flagship club retail space. The wider masterplan is critical to the viability of the overall project, and the grant of outline permission for these additional elements represents a critical milestone for the overall development, whilst also providing the Club with an opportunity now to reassess its detailed proposals in light of market dynamics which have changed significantly since the Club’s proposals were initially submitted. The Club’s acquisition of further adjacent land since the planning application was first submitted can now also be factored into the vision for the overall site, and presents a further opportunity to strengthen the Club’s overall commercial proposition. It will be the responsibility of the Club’s leadership to ensure that the final detailed plans for a project of such longevity deliver optimal value, particularly given the scale of investment which will be required from the Club and its owners to bring it to fruition. The Club looks forward to advancing those detailed proposals, while continuing to monitor associated market conditions, which will enable them to plan an appropriate timeline for development work to commence.
- McLaren To Return To Le Mans With Confirmation Of 2024 Entry
McLaren Automotive has been confirmed as a manufacturer represented in the 2024 FIA World Endurance Championship (WEC) with nominated racing partner United Autosports contesting the championship in the LMGT3 class with two 720S GT3 EVO cars. The 2024 WEC commences on March 2 in Qatar, the first round of eight in a championship that ends in Bahrain on November 2. The championship includes the iconic 24 Hours of Le Mans on June 15-16, in which McLaren cars will compete for the first time since 1998. The McLaren name will return to Le Mans 29 years after winning the race on its debut appearance, completing the ‘Triple Crown’ of victories at Le Mans, the Indianapolis 500 and Monaco Grand Prix. To celebrate McLaren’s return to endurance racing, the entries will pay tribute to the famous debut with race numbers #59 – the race number of the winning F1 GTR - and #95, the year of the landmark win. “We are delighted to have been confirmed for the 2024 WEC season and I would like to thank the Automobile Club de l’Ouest for our inclusion within a hugely competitive LMGT3 class. Motorsport is fundamental to our brand and we build our cars using technology from the race track to give them the supreme performance that our customers expect from a McLaren," explains Michael Leiters, CEO, McLaren Automotive. “It will be a very exciting season and extremely close between the teams, which is why we have nominated United Autosports as our racing partner." "This team has an excellent reputation in the endurance racing arena, and I look forward to our return to the 24 Hours of Le Mans, in which we will see 720S GT3 EVO cars in action” concludes Michael. McLaren’s return to Le Mans will be marked by at least three entries for the 720S GT3 EVO, with customer racing team Inception Racing expected to appear on the grid alongside the two United Autosport cars. This follows success for Brendan Iribe in the IMSA WeatherTech Sportscar Championship, where he gained an automatic entry into the Le Mans race by winning the Bob Akin Award for the highest-placed Bronze-rated driver in the GTD class. Like McLaren, United Autosports has also tasted victory at Le Mans, having won the LMP2 class in 2020. The team has already commenced preparations for the 2024 campaign, with the 720S GT3 EVO test programme now underway.
- Sodexo Supports The Future Of The Workplace
As the global landscape undergoes unprecedented changes, Sodexo Corporate Services sheds light on key elements that are vital in securing a positive workplace future. From their Corporate Services Client Survey from 2023, clear insights show that a preference for remote working and cost consciousness above all else, is shaping a new way of using the workplace, and therefore presents a substantial opportunity for employers. In a world marked by rapid technological advancements, shifting demographics, and unforeseen global events, businesses must stay ahead of the curve to ensure a resilient and adaptive work environment. Sodexo’s survey provides insight on the key areas businesses should target. The people-first strategy that is dynamic and prepared for the future addresses challenges such as rising living costs, employee disconnection, and changing work patterns. By focusing on people, space and sustainability, these learnings presents an opportunity for employers to move with shifting priorities and the evolving workplace. Julie Ennis, CEO of Sodexo Corporate Services UK & Ireland, notes: “Over the last years the global workforce has seen a magnitude of shifts. Building a future proof workplace is no longer a luxury, it is a must. In order to retain our people, who remain the centre of the workplace environment, it is imperative that solutions are created now.“ Through Sodexo’s research, there are several interesting facts effecting workplace culture. From information from 3000 workers across private and public sectors, the findings present a clear sense of what people desire from their workplace. An overview of the insights: Employees prefer remote working Employees are cost conscious above all else Human connection is missing from the work ecosystem 43% of people are quietly dissatisfied with their jobs; 28% are disengaged and want to quit 1 in 5 are dealing with poor mental health; a similar proportion with poor physical health 90% of employees are waiting for their employers to improve on sustainability; 78% of the survey think environmental sustainability is very important The Solutions “Work place strategies can't be a 'one size fits all' solution. Our research has shown differing preferences for quiet spaces or lively, creative environments. Understanding that 'flexibility' carries different meanings for different people is key” says Ennis. Data indicates that more than 2 days of remote work has an impact on engagement with colleagues and work experience. Sodexo notes that socialising, free or subsidised food, comfort in the working environment and subsidised commute are the 4 motivations to bring people back. Environments need to be created that foster social relationships - impromptu inspiration and informal socialising are key, as 71% of employees find greatest satisfaction in their workplace experience from team spirit and collaboration. A case study can be seen in Sodexo’s London Headquarters. Ennis notes: “Early surveys hinted at a new trend -the office as a social hub, a place for health and wellbeing, and an enabler to drive company culture [after the pandemic]. We wanted flexibility and adaptability to be its backbone. So we designed with these concepts in mind. Now, our sensor data speaks volumes about how people behave. Looking at our data […] employees gravitate towards collaborative areas, while traditional workspaces often remain less populated. These spaces are a hive of activity, not just during work hours, but also after, as social hotspots.” Improving job perks could also help drive employees back to work; by improving employee loyalty and helping workers manage the cost of living crisis. Commuting benefits and good food options are at the heart of this, with 92% citing that desire for remote working is due to inflation. “Food matters to employees, and it is underrated by employers as a means to improve satisfaction levels and performance," says Adrian Evans, Food Transformation Director, Sodexo. "Nearly 20% of employees are dissatisfied with the meal solutions at the workplace which leads to making their own arrangements." 42% say they use onsite food services, such as a cafeteria, but 72% have access to them, demonstrating a disconnect between food benefits offered and take up, likely due to a gap in communication. This is a vital element for organisations to focus on, as a key driver for encouraging employees back to the office. In the era of hybrid working, food has transcended its traditional role, becoming a pivotal tool to enhance employee health and well-being. It is also a key enabler in attracting and retaining talent. As a final element, the Sodexo report notes that 78% find sustainability important, and more than 50% of employees expect their employer to act responsibly. This increases to 85% amongst Gen Z, a demographic that comprises a large segment of the future workforce. In addition, 34% of UK workers would turn down a job offer if a company's sustainability values were not aligned to their own. It affords an additional touch point for engagement and loyalty between employees and employers. In terms of priorities, the top three expectations of employees of sustainability criteria is energy usage, responsible waste management, and reduction of plastic usage. Sodexo believes it is vital to engage at all levels of the business, from suppliers to staff to customers and external parties too, to ensure sustainability as targeted at all levels. Claire Atkins Morris, Sustainability Director, Sodexo says “Start to understand available data sources. Review what you are doing, think about your goals, look at the gaps and start to make a plan for how to reach them.” "Strategies in turn must be communicated to employees to build on the relationships." Sodexo’s research has shown that organisations must adapt to ensure an engaged and positive future workplace. Transparency, communication, benefits and dynamic environments are key to achieving this.
- Values Are An Important Differentiator For Family Firms
Family businesses are recognised for taking a long-term view and planning for generations to come. Values are an important differentiator for family firms and help to create a unique culture within the business, often driven by the founder and their vision and embedded into the business over time. They can also be an integral part of the long term sustainability and success of the business too. Despite the challenges posed by the pandemic and now the prevailing economic climate and the need for more shorter term plans to respond to the challenges being faced, it is clear that values have been ingrained into the fabric of a family business have not only helped them survive but also thrive. In the Family Business United survey two years ago it was identified that 94% of respondents across the UK felt that their values played an important part in defining their family business strategy with 86% believing that their values helped in the day-to-day running of the business too. Add to the mix that 66% believe that values can help to increase revenues and profitability as well as driving growth, it is easy to see why it is more important than ever that values continue to have a prominent focus within family owned firms. As defined by Sorensen in 2014, a characteristic of a strong culture is having a strong set of values and family firms with a strong culture tend to be built around a set of strong core values with succeeding generations reinforcing and further developing the values that were established by the founders when the business was created. It is often the case that defined and shared values combined with an aligned and shared purpose and goals promotes unity and cohesion as well as entrepreneurship and innovation. Family firms by their very nature are rooted with purpose and core values such as integrity, quality, trust, passion, fairness and respect. These values can be extremely productive for the business when considered, documented and communicated throughout the organisation, and family business leaders themselves fully believe that clearly shared and communicated values can reduce the potential for conflicts to occur too. As part of the Family Business United 2022 Family Business Survey, we asked family businesses to share the values that they felt were present within their organisations. The core family business values in the UK were ranked in terms of their importance as follows: Integrity (81%) Quality (72%) Trust (71%) Passion (63%) Fairness (56%) Respect (52%) Social Responsibility (49%) Excellence (46%) Authenticity (45%) Innovation (44%) Long Term Perspective (44%) Forward Thinking (43%) Pride (42%) Entrepreneurship (40%) Community Involvement (34%) Values are important. They help define the very essence of each and every business. However, far from simply being a list of words, they become a powerful representation of the very essence of a family business when they are ‘lived and breathed’ within an organisation. Successful family firms embed their values within the business and share them widely to ensure that they are evident and permeate the business at all levels. They help differentiate family firms from their non-family counterparts too as they are personal, mean something special to each business and as they are anchored in the founders have a real and lasting legacy too. Of course family businesses evolve over time, as do the values and the influence of subsequent generations but they have foundations in the family, those that have shaped and continue to shape the business as it evolves and should never be underestimated either. "Clearly defined and embedded values help define each and every family business and help drive sustainability and long term success. Family firms may be living through uncertain times but a clear set of values can help guide them on their way."
- EG Group Agrees To Sell 218 KFC UK & Ireland Franchise Restaurants
EG Group today announces that it has entered into a definitive agreement to sell all its 218 KFC franchise restaurants in the UK and Ireland to Yum! Brands’ KFC Division. The transaction agreed by EG Group – the largest KFC franchisee in the UK and Ireland – is an additional step in the company’s successful deleveraging strategy and continued progress towards putting in place a sustainable capital structure. The sale is expected to complete in the first half of 2024, with proceeds to be used to repay debt. EG Group continues to operate in the USA, Australia, Germany, France, Italy, the Netherlands, Luxembourg, Belgium and the UK, including its wholly-owned bakery business, Cooplands, as well as franchise businesses with the Starbucks, Subway, Greggs, Sbarro, Chaiiwala and Cinnabon brands. Zuber Issa and Mohsin Issa, CBE co-founders and co-CEOs of EG Group, said: “We are proud to have been a strategic partner of KFC in the UK and Ireland, playing an important role in helping the brand expand its footprint. Now is the right time to hand the baton to the KFC leadership team to continue to grow the brand in the UK and Ireland. This is the latest transaction in our significant deleveraging this year to put in place a sustainable capital structure for the group. We would like to thank all the colleagues who have helped deliver such exceptional brand standards and customer service over recent years, including during the Covid-19 period." “We continue to make good progress against our key strategic priorities – delivering a world-class grocery and merchandise, foodservice and fuel proposition across nine markets globally.”
- Premier League's Record £6.7B UK Rights Deal
The recent announcement of the Premier League selling its UK broadcast rights for a staggering £6.7 billion has sent ripples through the sports and business world. The Premier League, Europe’s most lucrative sports franchise, has cemented its position by selling four years of UK broadcast rights mostly to Sky Sports and TNT Sports. This deal, a 4% increase from the previous cycle, showcases the ever-growing value of sports media rights. The latest Brand Finance research found that football is followed by 45% of the population of the UK, well ahead of tennis in 2nd (22%) and Formula 1 in 3rd (20%). Hugo Hensley, Head of Sports Services at Brand Finance, commented on this monumental deal, highlighting its profound impact on sports and business brands globally: "Brand Finance’s football fan research shows that the English Premier League is also the most popular competition behind the national top tier in Spain, Germany, France, Italy, China, Brazil and the USA. This deal signifies the Premier League's dominance in the sports world and demonstrates the value of powerful brands in sport.” “This deal is a testament to the appeal of live sports as a key driver for brand growth and consumer engagement. It's a clear signal to brands and businesses of the value of associating with top-tier sports properties since the greater TV coverage included in this deal will likely lead to higher brand awareness for sponsors.” Comcast Corp’s Sky secured rights for at least 215 live matches, while TNT Sports acquired rights to 52 matches, including the coveted Saturday afternoon games. The absence of Amazon.com and other online streaming services from the winning bid underscores the competitive and selective nature of sports media rights acquisition. The Premier League has managed to increase the number of games available significantly, a move that has been hailed as a strategic win for the league and its partners. The deal will help to reinforce Sky’s brand position as the premier destination for sports fans in the UK. This record deal comes at a time when the market for premium sports rights in Europe faces challenges, with deals in Italy and France not reaching similar heights. Live sports remains a signature audience attraction at a time of atomised audiences, and enables advertisers to build mass brands through association with marquee events like the UK Premier League. In conclusion, Hensley said: “The landscape of sports broadcasting is evolving, and this deal is a harbinger of the dynamic interplay between sports franchises and business brands. It’s an exciting time for those involved in sports marketing and brand strategy.”
- Sainsbury's Cuts Ribbon On New Edinburgh Store
Sainsbury’s is bringing its unbeatable combination of quality fresh food, competitive prices, innovative products and brilliant colleagues to a new location in Edinburgh with the opening of its newest store, Sainsbury’s Biggar Road Local. Ian Murray, MP for Edinburgh South, joined colleagues and customers to cut the ribbon on the new Local and celebrate its arrival in Fairmilehead. The new 2,820 sq. ft. store will occupy the ground floor of the Pentland Outdoor Centre, where the retailer’s arrival has secured the future of the building as a local centre for the community in Fairmilehead. With over 1,800 households within a 15-minute walk of the site, customers now have a new location for grocery shopping alongside existing local businesses. These include Cobbs Café, which has a new entrance and larger space on the upper level, and a reformatted Craigdon Mountain Sports on the lower ground floor. Sainsbury’s is passionate about providing ‘Good food for all of us’ and the new store will feature a carefully curated range of tasty products, including fresh food, fruit and veg, food-to-go, cupboard staples and freshly baked goods. It will also feature a new collection point enabling customers to order products from the much-loved brands of Argos, Habitat and Tu Clothing online and pick them up in-store at their convenience. The eighteen colleagues that make up the new store team, half of whom are new to Sainsbury’s, will play an active part in Sainsbury’s local and nationwide charity and community programmes. For example, the store will take part in the retailer’s Nourish the Nation campaign, a programme in partnership with Comic Relief aimed at helping to tackle food poverty by ensuring communities have improved access to balanced, nutritional and sustainable food sources. During the 2023 festive season, Sainsbury’s committed to donating £3 million to the programme via direct contributions and donations linked to the sale of selected products. Patrick Dunne, Sainsbury’s Property Director, said: “It’s great to celebrate the opening of our newest convenience store this morning after months of planning and work to transform the ground floor of the Pentland Outdoor Centre into a fantastic Sainsbury’s store for the local community – thanks to everyone that has supported us on this journey. I’m delighted our investment in Fairmilehead has allowed the centre to offer a new service to residents in the form of a new store that we hope will complement the businesses that already operate there.” Anthony Penman, Sainsbury’s Edinburgh Biggar Road Local Store Manager, said: “I’m thrilled to be able to welcome everyone to try out our brand-new store from today. We’re passionate about providing Good food for all of us and my brilliant new team and I are looking forward to doing exactly that for our customers in Fairmilehead.”
- FTSE Chair & Former CEO Rupert Soames To Be Next CBI President
The CBI’s top governance bodies, including the CBI Board, have today approved the nomination of Rupert Soames OBE, as the next President of the CBI. Rupert Soames will work with the current President to permit a smooth transition early in the New Year. As with previous appointments, and in line with the CBI’s Royal Charter, Rupert will be formally elected by members at the next AGM in June 2024. Soames started his career at the General Electric Company (GEC) and brings to the CBI nearly 40 years of experience running global businesses in manufacturing, services, IT, and engineering. Having been one of the longest-serving public company CEOs in the UK – including 11 years at Aggreko and 9 years at Serco – he brings with him a wealth of boardroom experience from some of the biggest companies in the UK. Currently serving as Chair of FTSE medical technology manufacturer Smith & Nephew, and with over 20 years of board experience, Soames will also provide deep experience in corporate governance. Brian McBride, outgoing CBI President, said: “I’m pleased to announce that after a robust search process, Rupert Soames will be taking on the role as the next President of the CBI. With the CBI back influencing at the highest levels across the UK again, there is no better person to pass the baton to. Rupert’s track record as one of the UK’s longest serving and most successful CEO’s makes him the ideal choice.” Rain Newton-Smith, CBI Chief Executive, said: “Rupert is a fantastic advocate for UK business, and I am delighted to enter the new year working alongside someone with his depth and breadth of experience to ensure the CBI delivers a strong voice for our members, trade associations and for the UK business community." “As we head into 2024, leadership from business is vital in delivering sustainable growth and a positive vision for the UK economy, and I look forward to delivering that together.” Rupert Soames, incoming CBI President, said: "I am pleased and honoured to have been nominated to be the next President of the CBI. After a decade of disruption and distraction due to Brexit, Covid, inflation and labour shortages, business and government need to work closely together to deliver a prosperous future where economic growth will lift living standards and sustainably fund the UK’s vital public services." “The CBI is needed more now than at almost any time in its history, and it will be a privilege to lead the organisation in the coming years."
- Gulf x Williams Racing Wins Brand Partnership Of The Year
The motorsport world gathered to mark the industry’s annual achievements at the prestigious Autosport Awards in London and Gulf x Williams Racing were crowned winners of the inaugural Brand Partnership of the Year Award at the 36th edition of the ceremony. The accolade celebrated Gulf and Williams Racing’s fan voted livery competition, in which supporters worldwide had the opportunity to shape history by selecting their favourite livery design from a line-up of four themes. The judging criteria of the Brand Partnership of the Year Award aimed to recognise a brand that made highly effective use of a motorsport platform to convey its brand message and to add value to the team, driver or series it partnered with. The winning entry showed high levels of creativity, scope and execution. Across the fan livery competition, a huge 180,000 votes were cast across three rounds, helping to honour the spirit of two iconic motorsport brands and ultimately delivering an historic moment across the Singapore, Japan and Qatar Grands Prix where the winning livery adorned the Williams Racing FW45’s of Alex Albon and Logan Sargeant. The campaign began in May with a knockout system that pitted the ‘Bolder than Bold’ design against the ‘Contemporary’ theme in round 1. Round 2 saw the classic ‘Heritage’ design triumph over the ‘Visionary’ concept, securing a place in the ultimate showdown against ‘Bolder than Bold’. Fans across the globe participated in the final vote, with an overwhelmingly close fight to the finish, ultimately seeing ‘Bolder than Bold’ as the winner. James Bower, Commercial Director: “In partnership with Gulf, we’re absolutely thrilled to have been honoured at this year’s Autosport Awards, taking home the well-deserved Brand Partnership of the Year Award. It’s a privilege for our team and Gulf to be recognised for all the hard work put in by an enormous group of people, all with the objectives of bringing our fans closer to the action, actively engaging with them and allowing them to help shape the visual identity of the team. We look forward to many more exciting campaigns with Gulf as we continue to build on our partnership together.” Sacha Davis, Vice President of Marketing, Gulf Oil International: “We are delighted that our partnership campaign has been recognised by the Autosport Awards and the esteemed judging panel. We continue to champion Gulf’s rich heritage in motorsport whilst placing our fans at the very centre of what we do. Without their support this would not have been possible. Thank you to Williams Racing, it has been great to be with them on this journey over the past year, and we are excited for the future.”
- First Sustainable Aviation Fuel Flight From London To New York
Virgin Atlantic’s historic flight on 100% Sustainable Aviation Fuel (SAF) has taken off from London Heathrow to New York JFK, marking the culmination of a year of radical collaboration, to demonstrate the capability of SAF as a safe drop-in replacement for fossil derived jet fuel, compatible with today’s engines, airframes and fuel infrastructure. SAF has a significant role to play in the decarbonisation of long haul aviation, and pathway to Net Zero 2050. The fuel, made from waste products, delivers CO2 lifecycle emissions savings of up to 70%, whilst performing like the traditional jet fuel it replaces. While other technologies such as electric and hydrogen remain decades away, SAF can be used now. Today, SAF represents less than 0.1% of global jet fuel volumes and fuel standards allow for just a 50% SAF blend in commercial jet engines. Flight100 will prove that the challenge of scaling up production is one of policy and investment, and industry and government must move quickly to create a thriving UK SAF industry. As well as proving the capabilities of SAF, Flight100 will assess how its use affects the flight’s non-carbon emissions with the support of consortium partners ICF, Rocky Mountain Institute (RMI), Imperial College London and University of Sheffield. The research will improve scientific understanding of the effects of SAF on contrails and particulates and help to implement contrail forecasts in the flight planning process. Data and research will be shared with industry, and Virgin Atlantic will continue its involvement with contrail work through RMI’s Climate Impact Task Force, which is part-funded by Virgin Unite. The SAF used on Flight100 is a unique dual blend; 88% HEFA (Hydroprocessed Esters and Fatty Acids) supplied by AirBP and 12% SAK (Synthetic Aromatic Kerosene) supplied by Virent, a subsidiary of Marathon Petroleum Corporation. The HEFA is made from waste fats while the SAK is made from plant sugars, with the remainder of plant proteins, oil and fibres continuing into the food chain. SAK is needed in 100% SAF blends to give the fuel the required aromatics for engine function. To achieve Net Zero 2050, the innovation and investment needed across all available feedstocks and technologies must be harnessed to maximise SAF volumes as well as continuing the research and development needed to bring new zero emission aircraft to market. Virgin Atlantic is committed to finding more sustainable ways to fly, taking action across every part of the journey. Already operating one of the youngest and most fuel and carbon efficient fleets in the sky, Flight100 builds on the airline’s 15-year track record for leading on the development of SAF at scale. Collectively, industry and government must go further, to create a UK SAF industry and meet aviation’s 10% SAF by 2030 target, capitalising on the significant social and economic benefits it will bring – an estimated contribution of £1.8 billion in Gross Value Added to the UK and more than 10,000 jobs. Shai Weiss, Chief Executive Officer, Virgin Atlantic said: “Flight100 proves that Sustainable Aviation Fuel can be used as a safe, drop-in replacement for fossil-derived jet fuel and it’s the only viable solution for decarbonising long haul aviation. It’s taken radical collaboration to get here and we’re proud to have reached this important milestone, but we need to push further." “There’s simply not enough SAF and it’s clear that in order to reach production at scale, we need to see significantly more investment. This will only happen when regulatory certainty and price support mechanisms, backed by Government, are in place. Flight100 proves that if you make it, we’ll fly it.” Sir Richard Branson, Founder, Virgin Atlantic said: “The world will always assume something can’t be done, until you do it. The spirit of innovation is getting out there and trying to prove that we can do things better for everyone’s benefit." “Virgin Atlantic has been challenging the status quo and pushing the aviation industry to never settle and do better since 1984. Fast forward nearly 40 years, that pioneering spirit continues to be Virgin Atlantic’s beating heart as it pushes the boundaries from carbon fibre aircraft and fleet upgrades to sustainable fuels." “I couldn’t be prouder to be onboard Flight100 today alongside the teams at Virgin Atlantic and our partners, which have been working together to set the flight path for the decarbonisation of long-haul aviation.” Transport Secretary Mark Harper said: “Today’s historic flight, powered by 100% sustainable aviation fuel, shows how we can both decarbonise transport and enable passengers to keep flying when and where they want. “This Government has backed today’s flight to take-off and we will continue to support the UK’s emerging SAF industry as it creates jobs, grows the economy and gets us to Jet Zero.” Sheila Remes, Vice President of Environmental Sustainability, Boeing said: “In 2008 Virgin Atlantic and Boeing completed the first commercial SAF test flight on a 747 and today we will accomplish yet another significant milestone utilising a 787 Dreamliner. This flight is a key step toward our commitment to deliver 100% SAF-compatible airplanes by 2030. As we work toward the civil aviation industry’s net-zero goal, today’s historic journey highlights what we can achieve together.” Simon Burr, Group Director of Engineering, Technology & Safety, Rolls-Royce plc, said: “We are incredibly proud that our Trent 1000 engines are powering the first ever widebody flight using 100% Sustainable Aviation Fuel across the Atlantic today. Rolls-Royce has recently completed compatibility testing of 100% SAF on all our in-production civil aero engine types and this is further proof that there are no engine technology barriers to the use of 100% SAF. The flight represents a major milestone for the entire aviation industry in its journey towards net zero carbon emissions.”