GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 72.20
Bid: 72.00
Ask: 75.00
Change: 0.00 (0.00%)
Spread: 3.00 (4.167%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 72.20
VOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Motor racing-F1 sponsors show limited appetite for Bahrain GP

Fri, 12th Apr 2013 14:07

* Abu Dhabi overtakes Bahrain as destination for F1 sponsors

* Bahrain is big payday for the sport

* Local organisers say ticket sales up on last year

By Keith Weir

LONDON, April 12 (Reuters) - Companies who help to bankroll Formula One motor racing are limiting their involvement in the Bahrain Grand Prix this month, saving some of their marketing dollars for less politically sensitive races.

The grand prix was cancelled in 2011 following a bloody crackdown on a pro-democracy uprising, but sponsors were left squirming last year when the sport's rulers ignored calls by campaigners in Bahrain and abroad for teams not to race, while police and youths staged nightly clashes with teargas and petrol bombs.

The race on April 21 will again draw attention to the human rights situation in the Gulf island kingdom. Taking a pragmatic approach, many sponsors will make the Abu Dhabi Grand Prix in November the focus for their Formula One promotional activities in the Middle East this year.

"Abu Dhabi has taken a lot away from Bahrain. Notwithstanding the trouble in Bahrain, the Abu Dhabi race is more interesting for sponsors," said Jim Wright, a sponsorship consultant who worked in the sport for 18 years.

Bahrain was the first Middle East country to host a grand prix in 2004, but Abu Dhabi joined the calendar in 2009 with the Yas Marina circuit, lavish even by Formula One standards.

"The timing at the end of the year is also an advantage for Abu Dhabi," added Wright. "Now, it's starting to be spring (in Europe), and sponsors have an opportunity to take people to races in Barcelona and Monte Carlo next month," he added.

Bahrain has been hit by unrest since pro-democracy demonstrations in early 2011, inspired by the broader regional "Arab Spring" protests that to date have forced rulers from power in Tunisia, Egypt, Libya and Yemen.

Critics say staging the race hands a propaganda boost to Bahrain's rulers, though last year's, despite dressing itself in the slogan "UniF1ed", was seen as a public relations setback for the government, with television images of the unrest and heavy police presence broadcast around the world.

Thomson Reuters, a partner of the Williams Formula One team, said it would not have any branding at the race in Bahrain. The company gave no further details.

Another two brands will be missing from the McLaren team at the Sakhir desert circuit in Bahrain, though both the companies involved say this is for operational reasons.

Diageo says its Johnnie Walker whisky brand will not be on display because of local cultural sensitivities about alcohol.

"In common with other Grands Prix in Muslim countries and elsewhere, for the Bahrain race we had always planned to respect local customs and laws and not to activate Johnnie Walker branding on the cars or drivers," a Diageo spokeswoman said.

Vodafone, which also sponsors the McLaren team, said logos of its Middle East partner Zain would feature on the team's cars and driver uniforms in Bahrain rather than its own brand.

This was a commercial decision rather than a political one, said Vodafone, which is ending its sponsorship of the team at the end of the season.

BIG PAYDAY

Formula One, built into a hugely successful business by Briton Bernie Ecclestone over the past four decades, makes most of its money from fees paid by venues to host races and from television rights.

Bahrain pays an estimated $40 million annually to be part of the 19-race calendar, making it a valuable fixture for the sport. Ecclestone said last week he had no concerns about the race this year after Bahrain's opposition and government resumed reconciliation talks in February.

The CEO of the Bahrain International Circuit also struck a bullish note after a race held against a backdrop of half-empty stands last year.

"Ticket sales, for example, are way above last year's ticket sales, so there are positive signs there," Sheikh Salman bin Isa Al Khalifa told Reuters.

"This is a big thing for Bahrain, and at the same time it puts the Kingdom of Bahrain on the map of the world," he added.

The race itself is sponsored by Gulf Air, Bahrain's national carrier, which is part of the portfolio of its sovereign wealth fund Mumtalakat. The fund also owns a stake in the McLaren team.

Corporate guests attending Formula One races get a chance to rub shoulders with drivers like world champion Sebastian Vettel and Lewis Hamilton in the paddock area behind the pit lane, enjoying gourmet food and the best seats in the house.

That comes at a price. Weekend hospitality packages for Bahrain are available online for more than 2,800 pounds ($4,300)($4,300), including free ear plugs. There have been few takers, according to industry sources in Britain.

Caution seems to be the unspoken word among sponsors, normally keen to talk up their involvement with the sport.

Oil company Shell, a sponsor of the famous Italian Ferrari team, said its involvement in Bahrain would be the same as last year, sending only three technical analysts to provide support on fuel and lubricants.

Swiss bank UBS, a global sponsor of Formula One, will not host any clients in Bahrain, focusing its hospitality in the region on the race in Abu Dhabi.

More News
24 Jul 2023 08:32

TOP NEWS: Vodafone organic revenue rises; appoints new finance chief

(Alliance News) - Vodafone Group PLC on Monday reported a boost in its organic revenue in its first quarter, alongside appointing a new chief financial officer.

Read more
24 Jul 2023 07:51

LONDON BRIEFING: Stocks to open lower; Vodafone quarterly revenue dips

(Alliance News) - Stocks in London are set to open lower on Monday, ahead of a busy week focused on key interest rate decisions from the three major central banks.

Read more
24 Jul 2023 07:09

Vodafone Q1 revenue rises, appoints new CFO

(Sharecast News) - Telecoms giant Vodafone said first-quarter group service revenue rose 3.7%, helped by its UK operations.

Read more
24 Jul 2023 07:01

Vodafone appoints Luka Mucic as CFO

(Sharecast News) - Vodafone on Monday said it had appointed Luka Mucic as chief financial officer effective from September 1.

Read more
19 Jul 2023 10:39

Vodafone launches faster social broadband tariff Fibre 2 Essentials

(Alliance News) - Vodafone Group PLC has launched a new social broadband tariff with faster speeds to encourage families struggling with the cost of living to take up the help.

Read more
18 Jul 2023 08:22

Vodafone to receive EUR500 million from further sale of Vantage Towers

(Alliance News) - Vodafone Group PLC on Tuesday said it has continued to reduce its stake in Vantage Towers AG, receiving a further EUR500 million from a consortium of infrastructure investors.

Read more
18 Jul 2023 07:06

Vodafone to get another EUR 500m from Vantage Towers deal

(Sharecast News) - Vodafone Group will receive an additional €500m in proceeds as part of the co-control partnership for Vantage Towers, it announced on Tuesday.

Read more
18 Jul 2023 06:04

Rishi Sunak to meet bosses at inaugural Business Council gathering

(Alliance News) - Bosses from AstraZeneca PLC, Alphabet Inc's Google, Shell PLC and other major companies will gather in Downing Street on Tuesday for the first meeting of Rishi Sunak's Business Council.

Read more
17 Jul 2023 22:30

British prime minister seeks to win back corporate confidence with new business council

LONDON, July 17 (Reuters) - British Prime Minister Rishi Sunak will hold the first meeting of his new business council on Tuesday, in a bid to support his pledge to grow the economy and fend off attempts by the opposition Labour Party to win over the business community.

Read more
17 Jul 2023 15:45

UK earnings, trading statements calendar - next 7 days

Tuesday 18 July 
Arbuthnot Banking Group PLCHalf Year Results
Artisanal Spirits Co PLCTrading Statement
IntegraFin Holdings PLCTrading Statement
Luceco PLCTrading Statement
Midwich Group PLCTrading Statement
Ocado Group PLCHalf Year Results
Petra Diamonds LtdTrading Statement
Record PLCTrading Statement
Rio Tinto PLCTrading Statement
Wise PLCTrading Statement
Wednesday 19 July 
Antofagasta PLCTrading Statement
BHP Group LtdTrading Statement
Hargreaves Lansdown PLCTrading Statement
Severn Trent PLCTrading Statement
Redcentric PLCFull Year Results
Thursday 20 July 
3i Group PLCTrading Statement
AJ Bell PLCTrading Statement
Anglo American PLCTrading Statement
Babcock International Group PLCFull Year Results
BHP Group LtdTrading Statement
Diploma PLCTrading Statement
Dunelm Group PLCFull Year Results
easyJet PLCTrading Statement
Howden Joinery Group PLCHalf Year Results
IG Group Holdings PLCFull Year Results
Intermediate Capital Group PLCTrading Statement
International Distributions Services PLCTrading Statement
Kier Group PLCTrading Statement
PensionBee Group PLCTrading Statement
Pharos Energy PLCTrading Statement
Premier Foods PLCTrading Statement
Premier Miton Group PLCTrading Statement
SSE PLCTrading Statement
Taylor Maritime Investments LtdFull Year Results
Vistry Group PLCTrading Statement
Volution Group PLCTrading Statement
Friday 21 July 
Close Brothers PLCTrading Statement
Glencore PLCTrading Statement
Petershill Partners PLCTrading Statement
Thruvision Group PLCFull Year Results
Monday 24 July 
discoverIE Group PLCTrading Statement
Cranswick PLCTrading Statement
Glantus Holdings PLCTrading Statement
MoneySupermarket.com PLCHalf Year Results
Ryanair Holdings PLCQ1 Results
Shanta Gold LtdTrading Statement
South32 LtdTrading Statement
Vodafone Group PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
14 Jul 2023 09:13

LONDON BROKER RATINGS: HSBC says 'buy' AstraZeneca but 'reduce' GSK

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
13 Jul 2023 17:16

Fresh M&A blow for telcos as Three/O2 debate reopened

BRUSSELS, July 13 (Reuters) - European telecoms companies faced fresh regulatory uncertainty on Thursday after the EU's top court scrapped a lower tribunal's decision to life a veto on Three UK's 13-billion-pound ($16.9 billion) bid for O2 seven years ago, citing legal errors.

Read more
11 Jul 2023 08:12

TOP NEWS: Iberdrola and Vodafone sign European solar power deal

(Alliance News) - Iberdrola SA on Tuesday said it signed new clean energy power purchase agreements with Vodafone Group PLC for Spain and Portugal, adding to a recent agreement in Germany.

Read more
10 Jul 2023 09:27

LONDON BROKER RATINGS: HSBC downgrades commercial property stocks

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
4 Jul 2023 09:27

LONDON BROKER RATINGS: Dunelm, AstraZeneca and Persimmon cut

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.