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Goodwood goes online with a feast of classic and supercar races and star guests 

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goodwood goes online with a feast of classic and supercar races and star guests

Motorsport fans have been deprived of the opportunity to watch classic racers go wheel-to-wheel or rocket up the famous Goodwood hillclimb this year, but they can still get their fix of action from home.

A musical tribute to the late racing legend Sir Stirling Moss by his rock star friend Mark Knopfler, a 50th anniversary cavalcade of 50 Range Rovers, and more motor racing and supercar action than you can wave a grand prix chequered flag at are among the highlights of the first ever virtual Goodwood SpeedWeek.

It has opened its doors to the lockdown public, with a host of motor racing stars, celebrities – and most importantly classic and exotic cars driven as intended, all of which can be watched online.

This year will see the first ever virtual Goodwood SpeedWeek, with a host of events and races that can be watched online. Above, a shot from the annual motoring event in 2019

This year will see the first ever virtual Goodwood SpeedWeek, with a host of events and races that can be watched online. Above, a shot from the annual motoring event in 2019

This year will see the first ever virtual Goodwood SpeedWeek, with a host of events and races that can be watched online. Above, a shot from the annual motoring event in 2019

Fashion icon Twiggy, Grand Designs TV host Kevin McCloud, Hollywood actor Keanu Reeves, Radio 2 DJ Dermot O’Leary, US TV talk-show host and car collector Jay Leno, and drivers from the world of F1 and motor sport, are taking part in three full days of live action streamed from the Goodwood Motor Circuit, on the Duke of Richmond’s estate near Chichester, in West Sussex.

Among those down to part in the racing are three times F1 champion Sir Jackie Stewart, Damon Hill, comedy actor Rowan Atkinson, TV presenter and racer Tiff Needell, nine times Le Mans winner Tom Kristensen, three times Indy 500 winner Dario Franchitti, and Emerson Fittipaldi.

Goodwood SpeedWeek has been created as an imaginative online response to the coronavirus pandemic which forced the cancellation of both the Goodwood Festival of Speed and the Goodwood Revival.

The car shows will instead go on behind closed doors and without spectators or guests, but be broadcast to millions around the world, via the internet, social media channels and television, with interactive features which allow fans to participate.

Goodwood SpeedWeek will be live streamed from the Goodwood Motor Circuit, which sits on the Duke of Richmond's estate near Chichester, in West Sussex. Pictured, the Duke at the Goodwood Festival of Speed in 2016

Goodwood SpeedWeek will be live streamed from the Goodwood Motor Circuit, which sits on the Duke of Richmond's estate near Chichester, in West Sussex. Pictured, the Duke at the Goodwood Festival of Speed in 2016

Goodwood SpeedWeek will be live streamed from the Goodwood Motor Circuit, which sits on the Duke of Richmond’s estate near Chichester, in West Sussex. Pictured, the Duke at the Goodwood Festival of Speed in 2016

Hosted at the Goodwood Racing Circuit and sponsored by Mastercard, organisers say the extravaganza will be ‘the most interactive, exciting, adrenaline-fuelled motoring event anywhere in the world’.

It aims to use the latest technology to bring together ‘the best elements of the Festival of Speed and Revival.’

Visitors who would normally pay handsomely for a ticket to attend either event in person, will this year be able to register for free for the SpeedWeek on a specially created online Hub at www.goodwood.com giving them access to all the action over three days.

HOW TO WATCH THE GOODWOOD ACTION 

Sign up for streaming, social media links and timetable of events via the Goodwood hub at: www.goodwood.com

Viewers and fans can sign up for alerts at: https://www.goodwood.com/motorsport/goodwood-speedweek/

Access announcements and event action across social channels using the official hashtag #gwspeedweek:

· @GoodwoodRRC (Twitter)

· Goodwood Road & Racing (Facebook)

· @goodwoodrrc (Instagram)

Goodwood SpeedWeek will be broadcast live on ITV1 and ITV4 during the event:

· Friday 16th Oct – 16:30-18:30 (ITV4)

· Saturday 17th Oct – 14:00-16:00 (ITV4)

· Sunday 18th Oct – 14:00-16:00 (ITV1)

Highlight programmes to be broadcast on ITV4 the week after the event:

· First Glance – Wednesday 21st Oct – 21:30

· Highlights 1 – Thursday 22nd Oct – 20:00

· Highlights 2 – Thursday 22nd Oct – 21:00 

That includes racing, driving and drifting demonstrations, car launches, interviews and technology workshops, as well as virtual paddock tours, chatrooms, interactive competitions, polls, and quizzes designed to get people involved from the comfort of their sofas.

Most – but not all – of the events will also be viewable via social media channels:

Rock star and Dire Straits front-man Mark Knopfler is to play a touching live musical tribute to his late friend, racing legend Sir Stirling Moss, on Saturday afternoon in the presence of Lady Moss and the Duke of Richmond. Knopfler played a rendition of Local Hero at an 80th birthday celebration for Moss, and in 2009 was driven by him around the Goodwood circuit in a classic Aston Martin DBR1 race car of the type he excelled in during the late 1950s. For the first time the Stirling Moss Memorial Trophy will be contested at Goodwood in honour of the driver dubbed Mr Goodwood because of his prowess there.

TV designer Kevin McCloud is judging a competition encouraging adults and children to create their own three-dimensional celebrations of the motor car – taking inspiration from the giant central sculptures created each year to celebrate the Festival of Speed.

Model and actress Twiggy is judging the Revival Best Dressed competition encouraging fashion fans to dress to impress in costumes from the original glory days of Goodwood in the 40s, 50s, and 60s.

A cavalcade of 50 Range Rovers over five decades celebrate the luxury 4×4’s 50th anniversary year.

Children aged up to 12 can enter a design a MINI contest, with the winning design wrapped on a full-sized MINI to race at next year’s Revival.

Supercars from McLaren, Aston Martin, Ferrari, Lamborghini, and Koenigsegg will take a bow.

Three other major landmarks are being celebrated: the 70th anniversary of F1; the 50th anniversary of Porsche’s first Le Mans win; and race specialist TWR’s iconic Jaguar prototypes. Cars featured include those driven by Sir Stirling Moss, Graham Hill, Emmerson Fittipaldi and Jenson Button.

The absence of spectators has allowed two never to be repeated events to take place: the Goodwood Driftkhana with high speed drifting from a range of cars – including the new all-electric Ford Mustang Mach-E 1400 – sliding sideways, and the Rally Super Special with a host of WRC world rally cars.

Rock star and Dire Straits front-man Mark Knopfler is to play a touching live musical tribute to his late friend, racing legend Sir Stirling Moss (pictured above in 2010), on Saturday afternoon in the presence of Lady Moss and the Duke of Richmond

Rock star and Dire Straits front-man Mark Knopfler is to play a touching live musical tribute to his late friend, racing legend Sir Stirling Moss (pictured above in 2010), on Saturday afternoon in the presence of Lady Moss and the Duke of Richmond

Rock star and Dire Straits front-man Mark Knopfler is to play a touching live musical tribute to his late friend, racing legend Sir Stirling Moss (pictured above in 2010), on Saturday afternoon in the presence of Lady Moss and the Duke of Richmond 

A cavalcade of 50 Range Rovers over five decades arrived at Goodwood to celebrate the luxury 4x4's 50th anniversary year

A cavalcade of 50 Range Rovers over five decades arrived at Goodwood to celebrate the luxury 4x4's 50th anniversary year

A cavalcade of 50 Range Rovers over five decades arrived at Goodwood to celebrate the luxury 4×4’s 50th anniversary year

The Goodwood Shootout pits a variety of the greatest cars and drivers from various motorsport racing disciplines against each other – including F1, Le Mans, NASCAR, V8 Supercars and BTCC British Touring Car Championships. The finale will be broadcast live on ITV at 3pm Sunday.

However, Volkswagen has cancelled the planned appearance of its electric ID.R race car and ID.3 hatchback ‘so as not to compromise the health of its employees’ – including 30 from its Motorsport division, because of the pandemic.

Some 12 miles of high-speed fibre cabling, 49 high-definition cameras, a 180-strong television crew, two TV studios and 10 presenters are being used to stream the live action.

The Duke of Richmond told This is Money that the Goodwood team had made ‘a remarkable effort’ to bring the spirit of the Festival of Speed and the Revival into the digital age in the face of the pandemic. ‘What a time! But it’s been an amazing turnaround.’

He added: ‘We were presented with a unique opportunity to go one step further, placing digital right at the heart of the Goodwood experience. It’s enabled us to raise the bar even higher, offering a once in a lifetime, interactive experience that is accessible to viewers anywhere in the world.’

Full timetable, details, and access to the live streamed broadcasts are at www.goodwood.com 

50 years of Range Rover celebrated

A cavalcade of 50 Range Rovers has driven the Goodwood Motor Circuit to celebrate five decades of the luxury 4×4 in its fiftieth anniversary year.

The procession included an eclectic mix of models from across the UK including Range Rover fire engines, expedition vehicles, ambulances, and record breakers.

It was led by two cars spanning the five decades of the 4X4’s history: a drivable chassis used to demonstrate the original Range Rover 4×4 system in the 1970s and a commemorative new Range Rover Fifty limited edition model – number 1 of 1970 built to mark the year of its birth.

The procession of 50 Land Rovers included an eclectic mix of models from across the UK including Range Rover fire engines, expedition vehicles, ambulances, and record breakers

The procession of 50 Land Rovers included an eclectic mix of models from across the UK including Range Rover fire engines, expedition vehicles, ambulances, and record breakers

The procession of 50 Land Rovers included an eclectic mix of models from across the UK including Range Rover fire engines, expedition vehicles, ambulances, and record breakers

The same 50 Range Rovers later created a dramatic 50 outline captured from the air by a drone to commemorate the last half century.

The leading 1969 drivable chassis, was originally developed to allow engineers to monitor suspension and powertrain over rough terrain.

Land Rover said: ‘All four generations of Range Rover featured in the convoy and included the Beaver Bullet, which broke 27 speed records in 1985, a Trans-American Expedition example which crossed the all-but-impassable Darien Gap in 1971 and a 2004 example used by Greater Manchester police.’

All 50 vehicles and drivers had to undergo training during the day to precisely navigate and position each vehicle to achieve the one-off visual.

Jaguar Land Rover UK managing director Rawdon Glover said ‘As we celebrate Range Rover’s 50th Anniversary throughout 2020, it has been a pleasure today to remind ourselves not only of some of the extraordinary forms that the Range Rover has taken over the years, but also the people and stories behind them.’

The limited edition Range Rover Fifty is for sale priced from £111,195.

CARS & MOTORING: ON TEST

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ALEX BRUMMER: Betrayal of the Square Mile

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alex brummer betrayal of the square mile

As a Brexit supporter, I naively thought that the City would find ways of emerging relatively unscathed from leaving the European Union.

Even if there were an exit of some jobs and asset management mandates to Frankfurt, Paris and Amsterdam, the trading and innovative skills of Britain, in areas such as financial technology, would keep it ahead of the pack.

Be that as it may, it is tremendously worrying that so much government bandwidth has been spent on fishing, state subsidies and farming, and that a durable financial services deal, reliant on mutual recognition of regimes, was not established.

Britain's financial services sector represents up to 7 per cent of the nation's GDP and generates big invisible trade surpluses with the Continent

Britain's financial services sector represents up to 7 per cent of the nation's GDP and generates big invisible trade surpluses with the Continent

Britain’s financial services sector represents up to 7 per cent of the nation’s GDP and generates big invisible trade surpluses with the Continent

The only substantive accord is around clearing of derivatives, and with £47 trillion of open contracts that proved a necessity since Brussels and Frankfurt were cool on taking on such risk.

The new Financial Services bill just unveiled, together with a ‘dear CEO’ letter from the Bank of England and the FCA to significant financial groups, are part of an effort to demonstrate that the UK will maintain rigorous standards. 

But the measures are something of a patchwork more concerned with opening bridges with the rest of the world than building ‘equivalence’ with Europe. 

The failure, for instance, to establish mutual recognition of bank passporting rules means that it is a case of ‘every bank for itself’ in terms of maintaining client relations, raising funds and doing bids and deals from London.

It is possible that the laissez-faire approach will work and that, as in the 1970s when the Eurodollar markets established themselves in London, a lighter-touch flexible regime will win out. 

But it is a big gamble for a sector that represents up to 7 per cent of GDP and generates big invisible trade surpluses with the Continent.

Nor is it that clear that City rules are quite so accommodative as the UK likes to think. The reason that Vodafone decided Frankfurt was the right place for its telecoms ‘Towers’ float next year is because London Stock Exchange rules would have prevented it becoming part of the FTSE indexes because of domicile decisions.

The UK gets the Hut and Germany gets 21st century infrastructure. That’s not a good trade.

Return to sender

If there is anyone who still believes anything Donald Trump has to say, they will know that he doesn’t regard the US Postal Service as best in class, particularly when it comes to voting by mail.

One thing that it does do, which is alien to Royal Mail, is that when it makes daily deliveries it also does pick-ups.

So for residents who have stamps to hand, a trip to the mail box or local post office can be saved.

It is fascinating that Royal Mail, which regards its parcels service as the road to salvation as snail mail declines, is going national with a trial scheme to pick up packages from people’s homes, for a relatively small charge of 72p plus postage costs.

Innovation is slow at Royal Mail, which has troubled labour relations with employees who have done such sterling and brave work during the pandemic by keeping us connected to family, friends and the outside world. 

It has struggled with its version of track and trace, which placed it at disadvantage to other private rivals.

If the Royal Mail can get that right and smoothly implement home pick-up, it would be a huge advantage in turning the business around and helping to make last mile deliveries more economic.

Post Offices might be relieved, too. Anyone visiting their local post office in recent times will recognise that online shopping has turned them into parcel depots.

Even though returns dropped off during lockdowns, customers have to fight their way through piles of boxes and parcels to reach counter staff. 

As long as insensitive executives do not use the new Royal Mail service as an excuse to close offices – a lifeline for many elderly and infirm people – we should applaud the new service.

Sweet dreams

Nestle, owner of very sweet but emblematic chocolate brands Kit-Kat and Quality Street, is rapidly moving in other directions with investment and growth in pet foods and health sciences. 

This has led to speculation of a £23billion confectionery carve-out, leaving it less exposed to sugar. It could be a chance for Britain and its nation of chocolate eaters to reclaim a bit of its heritage.

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Live music industry ‘decimated’ by pandemic with 170,000 jobs at risk

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live music industry decimated by pandemic with 170000 jobs at risk

Up to 170,000 jobs are at risk in live music after the closure of venues cost the industry of £3.6billion in revenues.

Artists, including Taylor Swift, Elton John and Michael Buble, have postponed tours due to coronavirus and thousands of venues expect to be shut well into 2021.

Sales will fall 81 per cent this year meaning the industry faces a ‘cliff edge’ when furlough ends on October 31, the report by Media Insight Consulting said.

Cancelled: Performers, including Taylor Swift (pictured), Elton John and Michael Buble, have postponed tours due to coronavirus and thousands of venues expect to be shut well into 2021

Cancelled: Performers, including Taylor Swift (pictured), Elton John and Michael Buble, have postponed tours due to coronavirus and thousands of venues expect to be shut well into 2021

Cancelled: Performers, including Taylor Swift (pictured), Elton John and Michael Buble, have postponed tours due to coronavirus and thousands of venues expect to be shut well into 2021

The researchers said 26,000 permanent roles will be lost by the end of the year without further support. 

In addition 144,000 selfemployed and freelance positions ‘will have effectively ceased to exist by the end of 2020’.

More than three quarters of jobs in the industry were still being supported by furlough at the end of August, the researchers found.

Economist Chris Carey, who coauthored the report, said his research showed the ‘entire ecosystem is being decimated’.

He added: ‘Without ongoing Government investment in protecting this industry, the UK will lose its place as a cultural leader in live entertainment.’

Phil Bowdery, chairman of the Concert Promoters Association, said: ‘We were one of the first sectors to close and we will be one of the last to reopen.’

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MARKET REPORT: Gold miners tarnished by production troubles

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market report gold miners tarnished by production troubles

Shares in two of London’s biggest gold miners were tarnished by warnings they will dig up less of the precious metal than planned.

Mid-capper Centamin tumbled after admitting production will fall short of expectations and costs will jump, this year and next.

Work at its flagship Sukari mine in Egypt has been disrupted by ground disturbance at the sites, which is potentially a huge safety risk. 

Work at Centamin's flagship Sukari mine in Egypt (pictured) has been disrupted by ground disturbance at the sites, which is potentially a huge safety risk

Work at Centamin's flagship Sukari mine in Egypt (pictured) has been disrupted by ground disturbance at the sites, which is potentially a huge safety risk

Work at Centamin’s flagship Sukari mine in Egypt (pictured) has been disrupted by ground disturbance at the sites, which is potentially a huge safety risk

But the issues are unfortunately timed as gold prices have soared this year amid the Covid crisis – and would mean it could get a handsome return for production at full whack.

Centamin shares nosedived 19.2 per cent, or 31.2p, to 131.3p, wiping out virtually all of the gains it has made since the start of the year.

FTSE 100-listed gold and silver miner Fresnillo also disappointed, saying the pandemic had impeded work at its sites in Mexico and its full-year production will be 40,000 ounces lower than previously guided. It fell by a less extreme 4.4 per cent, or 58p, to 1275p.

Stock Watch – Eco Animal Health Group 

34678310 8864847 image a 10 1603309650953

34678310 8864847 image a 10 1603309650953

Pet and livestock drug maker Eco Animal Health Group was one of the top risers on AIM after it said its revenue could smash forecasts in the year to March.

In a trading update, it said first-half turnover had been much stronger than expected. 

It was boosted by a recovery in China, which is rebuilding its pig herds after an outbreak of African swine fever that wiped out 120m pigs in the country.

The Surrey-based group’s shares surged 21.1 per cent, or 43.5p, to 250p.   

FTSE 250-listed Hochschild Mining also dropped, falling 2.3 per cent, or 5.8p, to 243.4p, despite committing to its existing forecasts.

Challenger lender Metro Bank reported a 10 per cent rise in deposits in the third quarter of 2020, compared to the same time last year, at £15.6billion.

The firm rose 2.5 per cent, or 1.48p, to 60.98p after it also said it had boosted its loan book by 1 per cent to £15.1billion – mostly by handing out more than £1.3billion in government-backed Covid support loans.

But the company, which is still recovering from an accounting disaster last year, said it is still struggling to hit regulatory requirements on how much cash it should hold. 

The pound lifted to a one-week high, trading above $1.31, after the EU’s chief negotiator Michel Barnier said a Brexit deal was ‘within reach’.

This held back the FTSE 100, as a stronger pound weighs on the dollar-denominated earnings of overseas multinational companies listed on the index. 

The Footsie slid 1.9 per cent, or 112.72 points, to 5776.5, while the FTSE 250 fell by 0.8 per cent, or 141.38 points, to 17787.82.

British Airways-owner IAG was burned by a broker note from Goodbody, despite being upgraded from ‘hold’ to ‘buy’.

Although analysts said it was time to ‘focus on the recovery into next year’, they cut the target price on its stock from 225p apiece to 130p, sending the company’s shares fell 6 per cent, or 6.4p, to 100.45p by the close.

Superdry, however, was given a leg up by a note from Peel Hunt. Analysts upgraded the Japan-inspired clothing chain from ‘hold’ to ‘add’ and bumped its target price up from 175p to 200p after being impressed by its latest collection. 

Peel Hunt said the new garb was a ‘significant step-up in what has come before’ and ‘moved the collection on’. Shares rose 7.5 per cent, or 11.1p, to 160p.

Fellow retailer Boohoo also rallied. The scandal-hit group climbed 4.7 per cent, or 11.7p, to 261.8p, after three directors scooped up more than £750,000 of stock in a bid to bolster its share price.

The share purchases were revealed on Tuesday after the market closed – meaning yesterday was the first time traders could digest them.

Investors met the news that warehouse group Segro has bought a £133million logistics park in east London with a tepid reception. It fell 0.9 per cent, or 8.6p, to 929.2p after announcing the Canning Town deal with Schroders.

The Ugandan government’s decision to allow Tullow Oil to sell a stake in an oil project on the country’s Lake Albert to French oil major Total for £438million put a rocket under beleaguered energy group.

Tullow’s shares rose by as much as 40 per cent in early trading before closing up 24.3 per cent, or 4.01p, to 20.52p.

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