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Jim Ratcliffe gives up Ineos Grenadiers naming rights in €100m rebrand deal

about 10 hours ago
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Jim Ratcliffe’s Ineos Grenadiers cycling team will be renamed and rebranded with a new lead sponsor and kit before the start of this year’s Tour de France in Barcelona on 4 July.The Guardian understands that while Ratcliffe and the Ineos head of sport, Dave Brailsford, will retain ownership and management of the British team, the new title sponsor will be the Danish IT supplier Netcompany.It is believed that the Copenhagen-based company will, over five years, invest about €100m (£86m) in the team, who are enjoying renewed success this spring under the stewardship of Brailsford and Geraint Thomas, the 2018 Tour de France winner who retired last year.However, Ineos and fellow sponsor TotalEnergies will also continue to support the team.The additional investment will mean Ineos relinquishes naming rights, but it will allow Ratcliffe’s team to compete more effectively at the highest level in Europe’s grand tours.

The billionaire has long coveted further success in the Tour de France and the injection of the £86m, spread over five years, would elevate his World Tour cycling team closer to the annual £51m budget levels of the four-time Tour winner Tadej Pogacar and his dominant UAE Emirates team,Ineos Grenadiers have struggled to compete with the all-conquering Pogacar, partly because of a diminished budget and the inability to secure the peloton’s top talent,“We’ve had a rough couple of years, but we’re on the way back,” Thomas, who is with the team at Paris‑Nice, said this week,“There’s still a long way to go, but we’ve got a great team of riders, of staff, and everyone’s motivated, pushing forward,”A spate of multimillion‑euro buyouts of the peloton’s top talents – including Scotland’s Oscar Onley, now of Ineos Grenadiers, the double Olympic champion Remco Evenepoel and the highly rated Spaniard Juan Ayuso – have also increased the pressures on budgets as sponsors seek riders capable of competing with Pogacar.

As Team Sky, Brailsford enjoyed multiple Grand Tour wins, but Ineos Grenadiers last won the Tour de France in 2019, with Egan Bernal.The Colombian also recorded the team’s most recent Grand Tour success, in the 2021 Giro d’Italia.Brailsford and Thomas have high hopes for 23-year-old Onley, who finished fourth in the Tour de France last year, but last summer the team were also connected to the Danish rider Jonas Vingegaard, a double winner of the Tour de France, and one of Pogacar’s most enduring rivals.Netcompany has just signed an agreement with Heathrow to become the airport’s primary digital operations partner and is keen to expand its business relationships throughout Europe, and particularly in the UK, which will host the Grand Départ of the men’s Tour de France in July 2027.
societySee all
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Drug that prevents hot flushes to be available on NHS in England

More than 500,000 women in England are to be offered a drug on the NHS that prevents hot flushes.The green light for Veoza, also known as fezolinetant, comes after the medicines watchdog, the National Institute for Health and Care Excellence, on Wednesday authorised it for use.Hot flushes, also called vasomotor symptoms, affect about 70% of women going through menopause. Women can suddenly and overwhelmingly feel hot, which often has an impact on their quality of life, exercise, sleep and productivity.Despite the enormous numbers of women affected, for decades there have been few safe and effective treatment options

about 16 hours ago
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Wegovy users have five times greater risk of sudden sight loss than Ozempic users, study finds

Patients taking Wegovy have nearly five times the risk of sudden sight loss of those on Ozempic, a large-scale study has found.Glucagon-like peptide-1 receptor agonist (GLP-1 RA) medicines such as semaglutide (sold as Wegovy, Ozempic and Rybelsus) and tirzepetide (sold as Mounjaro) help reduce blood sugar levels, slow digestion and reduce appetite, and have been linked to reduced risks of heart attack, fewer drug overdoses and other health benefits.But a study, published in the British Journal of Ophthalmology, found that patients taking Wegovy for weight loss had a fivefold greater chance of developing non-arteritic anterior ischemic optic neuropathy (Naion) than the diabetes drug Ozempic, while men had a three times greater risk than women.These “eye strokes” cause sudden and usually permanent vision loss (pdf) due to reduced blood flow to the optic nerve.Although rare, affecting around one in 10,000 people who take semaglutide, there was “a potential dose-dependent safety concern” for the drug, the study found

1 day ago
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Jess Phillips reveals she is ‘victim of courts backlog’ as jury trial bill passes

A man accused of breaching a restraining order related to Jess Phillips will not have his case heard in the crown court until 2028, the Labour minister has revealed, as MPs voted in favour of controversial plans to scrap some jury trials.During an emotive day in the House of Commons, the Labour MP for Warrington North, Charlotte Nichols, said she had been raped after an event she attended as a member of parliament but did not support the bill and felt that ministers had weaponised victims.Her statement came after hours of debate during which concerns were raised about an “attack” on a fundamental principle of the justice system in England and Wales.MPs voted 304 to 203 in favour of the courts and tribunals bill, which passed its second reading in the Commons. It includes measures to scrap some jury trials, remove the automatic right of appeal from magistrates courts and introduce a new criminal court

1 day ago
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Martyn Butler obituary

In 1982, Martyn Butler co-founded the Terrence Higgins Trust, the first organisation in Europe to respond to the health crisis caused by HIV/Aids, and now Britain’s leading HIV charity. It was the death in July that year of his friend, Terry Higgins – one of the first named people to die of an Aids-related illness in the UK – that spurred Martyn, along with Terry’s partner, Rupert Whitaker, to act.Martyn, who has died aged 71, and Rupert launched the trust with the help of friends to raise money for medical research, but the sums required were huge and would have to be provided by governments and the pharmaceutical industry.However, there was a need for a community response to the new disease. London Lesbian and Gay Switchboard was swamped with calls from worried people, so in 1983 it joined with the Gay Medical Association and the fledgling Terrence Higgins Trust to call a conference at Conway Hall in London, the first on Aids in the UK

2 days ago
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We need a national plan to tackle the health inequity that is killing people | Letters

How could I fault Aditya Chakrabortty’s account of the failure to prioritise the nation’s health as he cites me as its inspiration (This is a life and death story for the UK – so why is it being brushed under the carpet?, 6 March). However, it is important to emphasise that the government is well aware of the gross health inequities that scar our nation and limit lives as well as economic prosperity, but chooses not to prioritise them. The ministerial response last month to the House of Lords report on ageing contains this shocking statistic: a girl born in Barnsley can expect an average of 53 years of good health, whereas one born in Wokingham can look forward to 71 healthy years – an extra 18 years.Throughout the country deprivation accelerates ageing, which for many means an unnecessary premature exit from the labour market and premature need for social care. But the main focus of health policy is the manifesto commitment to reduce NHS waiting times, a target that has very little impact on health inequity

2 days ago
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Almost a third of people in England use private dentists amid NHS dental crisis

Almost a third of people in England now use private dentistry, with a sharp rise in the number of poorer households forced to pay for fillings and extractions.The scarcity of NHS care means the proportion of people turning to private dental services jumped from 22% in 2023 to 32% late last year, the health service’s patient watchdog found.The reliance on paid-for treatment is so significant that dental care is becoming a costly “one tier” – private-only – service for more and more people, Healthwatch England is warning.It is concerned that the percentage of people who describe themselves as struggling financially that have used private dentistry has almost doubled in recent years from 14% to 27%.Those who do are hit with a “double penalty”, the watchdog added

3 days ago
businessSee all
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British fintech Revolut gets full banking licence

about 10 hours ago
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CMA to investigate heating oil suppliers over ‘blatant profiteering’ from Iran war

about 11 hours ago
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World’s energy watchdog orders emergency release of 400m barrels of oil to curb prices – as it happened

about 11 hours ago
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IEA orders largest ever release of stockpiled oil to reduce crude price

about 11 hours ago
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Labor must stop juicing house prices and make buying a home the Australian dream – not negatively gearing one | Greg Jericho

about 12 hours ago
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Porsche to cut more jobs after costly reversal of electric car strategy

about 12 hours ago