EUROPEAN TOUR Year of innovation - ASTON MARTIN - London Golf Club
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FEBRUARY 2017
G O L F C L U B M A G A Z I N E
EUROPEAN TOUR
Year of innovation
ASTON MARTIN
Powerboat revealed in Monaco
FINANCIAL TIMES
World’s leading business news
C I RC U S B O O D LES. CO M 2 3
LONDON GOLF CLUB
CONTENTS
Welcome to the first edition for 2017 of The London, taking time reflecting
on a fantastic past year for LGC and also highlighting some of the events that
we are planning for the year ahead. February 2017
We have been working with our commercial partners in order to bring
more benefits to our members both on and off the golf course and we are EUROPEAN TOUR 6 BRANDSHATCH PLACE 40
looking to expand our showcase events to make them an experience not Year of excitement Health Club & Spa
to be missed.
Chief Executive Stephen Follett LE GOLF NATIONAL 10 WYDER CUP 42
Our reciprocal club programme continues to grow and with our nearest Head of Marketing Leonardo Izzi 2018 Ryder Cup Venue Team Hart v Team Dalton
neighbour across the Channel hosting the next Ryder Cup we are keen Graphic Design BigCreative
to forge close links with Paul Armitage, General Manager at Le Golf National ALEX NOREN 14 FINANCIAL TIMES 44
and his team. I hope that we can all take advantage of this unique opportunity Editorial Reader Andrew Quail Incredible year World’s leading news
due to our association with the European Tour Properties network. Head of Finance Peter Greene
Production CallPrint ASTON MARTIN 18 RECIPE 47
In the golfing world the end of last year saw the return of Tiger Woods. Quintessence powerboat unveiled Crab with avocado and sesame filo wafers
Will he stay fit in 2017 and contend in another major and possibly edge closer
to the overall record of Jack Nicklaus, or will another rise at this year’s Majors? IMG PRESTIGE 22 GOLF FOUNDATION 48
Bà Nà Hills 30th Pro-Am
In this edition we also have interviews with Alex Noren who was the hottest
player on the golfing planet at the end of last year with wins at the British BMW 26 B&O 49
Masters and the Nedbank Challenge. The European Tour Chief Executive Tel +44 (0)1474 879 899 Drive the future 91 years celebration
Keith Pelly also talks to us on how he plans to entertain the golfing world Fax +44 (0)1474 879 912
in 2017. LEADERBOARD 28 CONSTRUCTION CUP 50
Stansted Lane Members competitions Sponsored by Ile Aux Cerfs
We have now finished the 10th/18th Heritage lake and infrastructure works and Ash, Nr Brands Hatch
as we continually strive to improve the LGC facilities, plans are being finalised Kent, TN15 7EH DRIVING EVENT 30 COACHING 52
for various projects and further investment for the year ahead. We will continue www.londongolf.co.uk Best of British Slopes and uneven lies
to communicate these to you via our newsletters and website.
CLUB INVESTMENT 32 BRANDSHATCH PLACE HOTEL & SPA 55
On behalf of all the team here at LGC we wish you all the best for the FRONT COVER Lake Project Hand Picked Hotels Group
FEBRUARY 2017
2017 Golfing season. AM37: the first powerboat
KEITH PELLEY 33 MEMBERS CHRISTMAS PARTY 56
G O L F C L U B M A G A Z I N E
developed by Aston Martin
and Quintessence Yachts European Tour’s Chief Executive Festive season
EUROPEAN TOUR
Year of innovation
ASTON MARTIN
Powerboat revealed in Monaco
FINANCIAL TIMES
World’s leading business news BOODLES 34 CHASE DISTILLERY 61
One of Britain’s leading jewellers Britain’s first Single-Estate Distillery
Stephen Follett MEMBERS GUEST DAY 36 MEMBERS CHRISTMAS FAMILY LUNCH 62
Chief Executive Sponsored by Costa Navarino An afternoon of great fun
4 | INTRODUCTION CONTENTS | 55
The French obviously like an unusual challenge, Hero Challenge victor Alex levy tees off
with Alex Levy part of the winning team with a fiery start at The Grove. LONDON GOLF CLUB
for the Fastest Hole in Golf.
EUROPEAN TOUR
The European Tour becomes Wednesday Night Lights Record-breakers
the Entertainment Tour European Tour golf returned to the Grove in October as Luke Donald Sergio Garcia took the European Tour back to the iconic Real Club
took the British Masters supported by Sky Sports to the Hertfordshire Valderrama and ensured that the week would stick in the memory
2016 was a year of excitement and innovation for the European Tour,
course, and introduced us to a new format of golf: the Hero Challenge. by staging a contest to break the Guinness World Record for the fastest
with greater entertainment than ever being offered up both on and
hole in golf by a team of four on the eve of the Real Club Valderrama
off the course. Night golf, world record attempts and the toughest
Floodlights and flames surrounded the 18th green as more than Open de España, hosted by the Sergio Garcia Foundation.
interviewer around all helped bring fans closer to the action and
2,000 fans watched a series of head-to-head shoot-outs, with eight
set a template for what is certain to be an even more engaging
players competing in a knock-out format on the specially-constructed Garcia himself led the Spanish side, also comprising of Rafa Cabrera
and entertaining 2017 season.
156-yard par three on the Tuesday evening of tournament week. Bello, Nacho Elvira and Pablo Larrazábal, as they took on France
and Denmark over the 500-yard par five fourth hole in a bid to beat
Beware Billy It was broadcast live on Sky Sports, allowing the television audience the previous world’s best of 68 seconds.
to enjoy their first sighting of Night ProTracer, and Alex Levy
Perhaps the breakthrough star of the season – with all due respect ultimately prevailed against Alex Noren – who would use this defeat The French side duly delivered, with Raphael Jaquelin, Alex Levy,
to Sir Henry Cotton Rookie of the Year winner Jeunghun Wang – to spur him on to a third victory of the season once the 72-hole Grégory Havret and Romain Wattel birdieing the hole in just 34.87
was nine year old Billy, who quickly developed a reputation as the stroke play tournament got under way two days later. seconds to write their names into the record books.
scariest question-master on the circuit with his Little Interview series.
Graeme McDowell was the first golfer to be subjected to Billy’s With 2017 promising to be bigger and better than ever before,
‘no holds barred’ line of questioning, being probed about the with the newly-announced Rolex Series adding to the European
Americanisation of his accent and whether he was quitting golf Tour’s prestige, there will doubtless be more eye-catching new
Everyone – and everything – waiting
to continue his burgeoning restaurant business. concepts to combine with the traditional tournaments.
expectantly for the first World Super 6
Other players to find themselves in the hot seat included Felipe in Perth, Australia The World Super 6 Perth has already been announced, an entirely
Aguilar, Thomas Bjørn and Andrew ‘Beef ’ Johnston, while new format where, following 54 holes of stroke play, the top 24
One Direction’s Niall Horan was also collared when he turned will contest a final day six-hole match play shoot-out.
up to a Challenge Tour event in Northern Ireland, before Billy
finally hooked his biggest fish in Dubai at the DP World Tour Who knows what else might be in store – which other players will
Championship: Rory McIlroy. be made to squirm by Billy’s fearless questions? What other world
records might be up for grabs? All we can say for sure is that,
The bravery and brass of Billy took the World Number Two well out if 2016 is anything to go by, it will definitely be interesting.
of his comfort zone at Jumeriah Golf Estates – a Member Venue of
the European Tour Properties network – as Rory was forced to answer www.europeantour.com
questions about Tiger Woods, his Olympics withdrawal and women’s
tennis, before cheekily being given an early Christmas present of a box
of socks – just in case he gets cold feet again!
6 | EUROPEAN TOUR EUROPEAN TOUR | 7
GET ONLINE
WHEREVER YOU ARE
www.londongolf.co.uk
SOCIALISE WITH LGC
8 9
LONDON GOLF CLUB
LE GOLF
NATIONAL
In 2018, the world of golf will be turned towards Paris and France:
the 42nd Edition of the enthralling Ryder Cup matches will be held
at Le Golf National from September 28th to 30th. © Le Golf National / Millereau KMSP
10 11
LONDON GOLF CLUB
HEAD FOR PARIS WITH LE GOLF NATIONAL,
C L U B
THE 2018 RYDER CUP VENUE
No need to wait two years to watch Team Europe
competing against Team USA on the Albatros stadium
course. Golf fans can have their own Ryder Cup
Experience, only 3 hours from London.
Located on the doorsteps of Paris and Versailles, Le Golf National After an eight-month project, Le Golf National celebrated a grand
has been the well-established home to the French Open for the past “reopening” in May 2016. Golf fans can now plan a one-of-a-kind golf
12 years, with the 100th edition of the event being played in 2016. break at the venue and experience the Ryder Cup layout two years
before the tournament, which is something truly unique.
The venue, a member of the European Tour Properties network since
2011, alongside London Golf Club, is consistently ranked in the World’s To make the most of your stay, the resort also offers extensive onsite
Top 100 Courses and Europe’s Top 20 by Golf World (UK) Magazine. facilities, including a 4-star Novotel hotel, the interior of which has been
completely refurbished, two driving ranges, three restaurants and much
It boasts three golf courses with a total of 45 holes, with the world- more. In June, the brand new spa will open and the revamped hotel
renowned Albatros Course set to host The 2018 Ryder Cup from façade will be unveiled.
September 28-30. In 2016, the venue was also selected to host the
Paris Legends Championship, a new French stop on the European Situated just 10km from the famous Palace of Versailles and 25km
Senior Tour schedule. from the Eiffel Tower, Le Golf National also offers golf fans the chance
to combine a memorable golfing experience with the fantastic sights
To be ready to host the greatest team event in world golf and to ensure of Paris - the most emblematic and romantic city in the world!
MUSICAL SUPERSTARS.
a memorable experience for both spectators and players during the 2018
matches, Le Golf National and the French Golf Federation – the venue’s Come and share the best in French Art de Vivre with Le Golf National!
owner and operator - embarked upon a 7 million euro investment Paul Armitage, General Manager, extends a warm welcome to all London
SPORTING GIANTS. COMEDY GODS.
of major works to renovate the Albatros course. Other key objectives Golf Club members: “There is always something going on
were to enhance the course quality to ensure performance under all at Le Golf National. Whatever it is, there is always a place for our
conditions and to be aligned to model golf clubs with regard London Golf Club partner guests and our promise is an unforgettable
to sustainable development. golfing experience. Looking forward to seeing you!”
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Call 08447 369 980 or email thevipclub@theo2.co.uk
12 LE GOLF NATIONAL 13
ALEX
NOREN
Interview
Due to a wrist injury Alex Noren only managed to play two tournaments in 2014.
Since his return the IMG Client has been in great form, winning in 2016 the Aberdeen Asset Management
Scottish Open, Omega European Masters, British Masters and finally the Nedbank Golf Challenge.
2016, what an incredible year. How would you summarise What schedule will you play in 2017?
the past few months? The first thing I will concentrate on is being able to play in the majors
Incredible is a good word. I think it is important to start with the birth and the WGCs. This is the first time I can prepare correctly for each
of my daughter, as she arrived before any of my wins! As amazing of those tournament which is a nice feeling.
as the 4 victories are, that is definitely the biggest thing that’s happened I have been lucky in the past that I have played well in some qualifying
to me this year. Also, I believe she has played a very big role in my results events and have been able to play The Open and US Open a few times,
too, as it gives you different priorities and has maybe changed the way as well as playing the USPGA a couple of times off my world ranking,
I think about things, like practice. but this year is the first time I start the season knowing I will be in each
of these events so I can prepare in the right way. I am really looking
Do you practice differently now? forward to playing The Masters for the first time, which I am sure
I don’t know about differently, as I still have the same goals and most people would say!
the same coach, the same team, but I have less free time so need to be
more structured. Before I was very interested in as much coaching and Will you still play as much in Europe?
as much practice as possible, the position of the golf club during the Yes, the European Tour has been really good to me. I like playing here
swing, and could spend hours on a particular element. Now I know and my family are here in Sweden. I now have the chance to play a little
I only have a set amount of time each day and am probably focused more in the US and I’m looking forward to that but I will continue
on outcome and consistency. to play in Europe.
Do you think that practising was one of the causes of your injury? It’s an usual thing in golf that as your world ranking improves you can
play in more tournaments, but because you are able to play all of the
It’s hard to know. Maybe I just didn’t have strong wrist bones! bigger tournaments, you can actually choose to play less events in total.
All I would say, is that I know practising a little smarter definitely Being able to choose which events to play and group events together is a
reduces the chance of being injured again. I have been without pain real privilege, but it’s also a great opportunity to play a sensible schedule
for a full season now so hopefully that continues. which allows you to maintain a good world ranking.
You were in the Top 50 before the injury, but during your recovery
and after the injury did you believe becoming a Top 10 player was @Alex_Noren
still possible?
I don’t think that ever changed. I have always wanted to be
a Top 10 player, and believed I can continue to improve in the next
twelve months. I think, like lots of people when you are out for such
a long period of time, you will have doubts and have odd minutes
when you worry the injury isn’t going to repair fully but now I’m fit,
I am really positive about the next few years.
14 | ALEX NOREN ALEX NOREN | 155
GREAT FOR GREAT
EVENTS MEMBERS
MEMBERS SOCIAL EVENTS 2017 MEMBER COMPETITIONS 2017
3 Course Sunday Lunch: Every first Sunday of the month International Trophy 13th May
5th February, 5th March, 2nd April, 7th May, 4th June, 2nd July, 6th August, Spring Trophy 20th May
3rd September, 1st October, 5th November, 3rd December * Showcase event with selected partners and drive day
Jack Nicklaus Trophy R1 27th May
Mother’s day Lunch Sunday 26th March
Jack Nicklaus Trophy R2 3rd June
Easter Sunday Lunch Sunday 16th April
Captains Cup R1 17th June
Father’s Day Lunch Sunday 18th June
Captains Cup R2 24th June
Members Christmas party Friday 1st and Saturday 2nd December Chairman’s Trophy 1st July
Christmas Carvery Sunday 3rd December * Showcase event with selected partners and drive day
Party to Party Night Friday 8th and Saturday 9th, Friday 15th President’s Cup R1 9th September
and Saturday 16th December and Friday 22nd December President’s Cup R2 16th September
Family Sunday Lunch Sunday 17th December Founder’s Trophy 23rd September
* Showcase event with selected partners and drive day
BBQs
Senior Salver 14th October
27th and 28th May
Autumn Cup 28th October
22nd and 23rd July
Greensome Stableford 11th November
19th and 20th August
5 Clubs Challenge 25th November
23rd and 24th September
PRO’S DAY 2017
GUEST DAYS 2017
Pro’s Day by FootJoy 12th May
International Guest Day 19th May
Pro’s Day by Peter Millar 7th July
* A truly International experience with some of our best partners
Pro’s Day by J. Lindeberg & Titleist 29th September
Heritage Guest Day 21st July
* Best of British with some of our best partners
Construction Cup 21st September
*2017 London Golf Club Events Partners
16 17
LONDON GOLF CLUB
Aston Martin powerboat
revealed in Monaco
18 19LONDON GOLF CLUB
Reichman commented: “AM37 is a pure translation of the
Aston Martin DNA into an entirely new maritime concept.
The powerboat reflects our values in terms of power, beauty and soul.
The most important attribute for Aston Martin is the design language
and proportion, we have transferred this DNA into AM37.
It was important to us when considering this project to make sure
that the boat design was as beautiful and timeless as our cars,
the AM37 is a striking boat with fantastic proportion and elegance.”
The AM37 is a day cruiser that can be transformed into
an overnight berth by transforming the table into a comfortable bed.
The cabin is well appointed with mood lighting and air-conditioning.
With a refrigerator, microwave oven and coffee machine - and About Quintessence Yachts
a lavatory on board, absolute comfort is guaranteed. Crafted Headquartered in the Netherlands, Quintessence Yachts has a passion
from the finest leathers, elegantly laid out rear seating is available for innovation and exploring new concepts in the classic yachting
for up to eight people. world. Its core mission is to offer unique maritime experiences
centered around style, performance, and design. Quintessence Yachts
The exterior of AM37 features dynamic proportions in a design is proud member of the Hiswa Holland Yachting Group and of the
that is simple, yet immaculately executed. The boat is set apart British Marine Federation, as well as partner of the prestigious
by the attention to detail in every element of its design. Gstaad Yacht Club.
The wraparound windscreen has been created from a single
piece of sculpted glass fluidly draped over the AM37’s foredeck. About Aston Martin
* Aston Martin AM37 powerboat unveiled at the prestigious Founded in 1913, Aston Martin is an iconic sports car marque
of unrivalled heritage that has now entered its second century.
Monaco Yacht Show With extreme double curvature it sets a new industry standard.
Sliding deck technology allows owners to cover the cockpit of With fresh investment, a new Chief Executive Officer and the
the boat completely at the touch of a button. The three lightweight strongest model line-up in the company’s history the British luxury
* First powerboat developed by Aston Martin and Quintessence Yachts carbon panels, operated by the AM37 key, fold under the aft deck brand is looking to an exciting future. The company boasts
when the cockpit is uncovered. An electro-hydraulic carbon fibre state-of-the-art headquarters in Gaydon, UK, combining cutting-edge
* Innovative design marries expertise from the luxury automotive bimini top is stowed under the engine hatch when not in use and,
extending from the aft deck, a swim platform allows for easy access
technology with hand-craftsmanship and traditional techniques.
Each car is the essence of Power, Beauty and Soul.
and yachting world to the water.
About Aston Martin Art of Living
Aston Martin is a British luxury brand with more than a century
* Performance AM37S version expected to reach speeds of 50 knots At the helm, the AM37’s carbon fibre dashboard echoes styling
elements from Aston Martin’s most advanced sports cars. of success behind it. Now, with its Art of Living programme the brand
It includes fine leather with functional features, such as the is translating its legendary quality into a new generation of carefully
steering wheel, throttle handles and joystick in polished metals. crafted commercial partnerships, ensuring that traditional licensing
The boat’s navigation, control monitor and entertainment systems and merchandising are the very best reflections of its high luxury
are all integrated, with advanced multimedia functions. values. The Art of Living initiative includes a growing portfolio
of luxury lifestyle goods and services made and delivered with
28th September 2016, Monaco: The 37-foot Aston Martin
the same care and quality that would be expected of an Aston Martin.
AM37 powerboat made its world debut at the Monaco Yacht CEO for Quintessence Yachts, Mariella Mengozzi said:
Show, marking the luxury British brand’s entry into the “It’s been an exciting journey and we have relished partnering
nautical world. The new day-cruiser is offered in two versions with Aston Martin on such a special project that blends craftsmanship
with the AM37S expected to reach speeds of 50 knots. with futuristic technology – the perfect mix for this unique powerboat. AM37 SPECIFICATION
We took on the challenge to create a true revolution on the water
The AM37 is the result of two years of research and development, and an extraordinary powerboat, and I’m delighted to present Length: 11.10m Fuel capacity: 800 litres
challenging the status quo of the nautical world and combining the AM37, a new way of experiencing life at sea”. Waterline length: 9.53 m Fresh water capacity: 100 litres
the best in innovative technology and bespoke craftsmanship. Beam: 3.68 m Black water capacity: 100 litres
The AM37 was a true team effort, bringing in the most experienced The 37-foot model is available in two versions - the AM37 Draft: 0.65 m
Aston Martin designers to style and create a truly unique product. with an estimated top speed of 45 knots and a choice of two 370 hp Height above wl.: 1.96 m
Aston Martin’s master craftsmen who worked on cars such Mercury diesel or two 430 hp Mercury petrol engines. Displacement: 6.7 Tonnes
as One-77, Aston Martin Vulcan and the new DB11, provided The AM37S version with an estimated 50 knots derived Certification: CE Category B
their automotive experience, which was reinterpreted onto the boat from its twin 520 hp Mercury petrol engines.
with outstanding results. Construction
Katia Bassi, VP of AML & Managing Director of AM Brands Epoxy and Corecell composite sandwich construction throughout.
Aston Martin’s EVP & Chief Creative Officer, Marek Reichman commented, “We are so proud to present the AM37, an exclusive Hull in multi axial E-glass with carbon reinforcement.
and his design team collaborated closely with naval architect Decks, bimini and sliding covers in full carbon composite.
powerboat for the yachting world. With this project Aston Martin,
Mulder Design to ensure every element of the project was the icon of style and technological innovation, confirms its place
carefully considered. Sharing creative expertise and specialist skills, as a top luxury brand. The Aston Martin Art of Living is a way
Quintessence Yachts engineered the Aston Martin design into an of life that captures the very essence of the Aston Martin brand, For more information please contact Quintessence Yachts:
innovative powerboat for the yachting world. and AM37 is a fine example of this philosophy.” info@quintessenceyachts.com | www.quintessenceyachts.com
20 | ASTON MARTIN ASTON MARTIN | 21LONDON GOLF CLUB
IMG PRESTIGE
Bà Nà Hills, in Vietnam, boasts a superb selection
of hotel resorts where relaxation, pampering and
exceptional service make up the essential ingredients
for the ultimate 5 star holiday.
22 23Vietnam is an exceptionally beautiful country with contrasting landscapes, LONDON GOLF CLUB
from mountain peaks in the northern highlands, to its fertile network of flood
plains in the south’s Mekong Delta.
As well as remarkable natural attractions and a vivid cultural scene,
Vietnam also boasts a superb selection of hotel resorts where relaxation,
Managed by IMG, a global leader in sports, events and media
pampering and exceptional service make up the essential ingredients and operating in more than 30 countries, Bà Nà Hills is a world
for the ultimate 5 star holiday. class facility.
In its first year of operation, Bà Nà Hills Golf Club, won
the coveted distinction, of the best new golf course in the world
at the 2016 World Golf Awards. Additionally, they also picked
up a couple more accolades at the Asian Golf Awards including
best new course in Asia Pacific which capped off a great first
year for the club.
Golf tourism in Danang has been growing at a rapid rate over
the last few years and with the Annual Golf Tourism Convention
2017 (AGTC), the largest golf trade show in Asia confirmed to be
hosted in Danang, it certainly seems that the growth will continue.
For more information on Bà Nà Hills Golf Club,
please visit www.banahillsgolf.com.
Bà Nà Hills Golf Club is the newest addition to Danang’s fast growing
golf scene. It features 18 holes at the foot of a towering mountain range
less than 30 minutes’ drive from Danang, Vietnam’s fourth largest city
and gateway to three other designer courses built within the past seven
years. Set amongst one of the most impressive mountain ranges in the
region, the Championship golf course provides a balance of challenge,
enjoyment and excitement to golfers of all levels and abilities.
Unlike the other courses in the region, Bà Nà Hills Golf Club -
which Luke Donald designed in conjunction with IMG - plays away
from the coastline, at elevation, in a cooler setting typically void of wind.
Stretching over 7,800 yards from the championship tees - making it
the longest layout in Vietnam — and comprising a non-stop succession
of undulating greens, Bà Nà Hills is capable of testing the very best
golfers. Bà Nà Hills Golf Club is a mountain course with a diverse
mix of natural topography and vegetation.
Every hole and vantage point is framed by a beautiful backdrop of local
native forest. The entire course is floodlit from the first tee until the 18th
green, allowing patrons the unique experience of playing golf after dark.
24 | IMG PRESTIGE IMG PRESTIGE | 25LONDON GOLF CLUB
DRIVE THE FUTURE When you move first the world moves with you.
BMW i3 and electric.
The world never stops moving. We keep moving. Contrary to what you may think about electric vehicles when a petrol As you may be aware we recently held a 2 week ride and drive event at
And movement always brings about something exciting: change. engine is combined with battery technology, it gives up to 20% more the club and members were able to test drive the vehicle for 24 hours.
BHP than the standard diesel engine. We would like to extend this offer by appointment to any of the models
The change at BMW, however, is of particular significance. in our range.
It is, in fact, nothing less than the start of a new era – one focused So these vehicles are high performance along with good fuel economy
exclusively on sustainable mobility. and the ability to drive on battery only. Please contact a member of Arden Maidstone’s Corporate team on
01622 717222 or via email to corporate@ardenbmw.co.uk
The future is set to see more electric vehicle and petrol hybrid models An example of how BMW are leading in this technology is the
being launched. Part of this is being driven partly by Business Users introduction of the new 7 Series long or short wheel base 2 or 4 wheel
wanting cars with much lower CO2 like the BMW i3 which has drive petrol hybrid which has a co2 rating of below 50 and a top speed
a zero CO2 rating and with a battery range of 140 miles. of 140 mph.
Also on the increase are petrol hybrids which is petrol engine technology BMW have also announced the launch of 2 more petrol hybrid models
combined with the latest lithium battery technology which on our and start production in April 2017 first of which is the all new 5 Series
models can give you up to 30 miles range on battery, gives you the Code named G30 this model not only has a new petrol hybrid engine
opportunity to recharge the batteries under normal driving conditions but will also be available in 4 wheel drive and the other new petrol
and like the i3 the CO2 on these models is predominately below 50 hybrid model is a BMW X3. Code named X3e.
which for a company car driver means a 7% Benefit In Kind.
26 | BMW BMW | 27LEADERBOARD LONDON GOLF CLUB
BILLECART-SALMON IS THE PROUD SPONSOR OF
THE LONDON GOLF CLUB MEMBERS COMPETITIONS
LONDON GOLF CLUB
The story of Champagne BILLECART-SALMON began in the early 19th Century in the village
of Mareuil-sur-Aÿ near Epernay. It was here in 1818 that husband and wife, Nicolas François
Billecart and Elisabeth Salmon, decided to found their own Champagne House.
PRESIDENT’S CUP Today the House is still family owned being run by the sixth generation and enjoys a worldwide
reputation for excellence combining both tradition and modernity. BILLECART-SALMON
International & Heritage offers a collection of champagnes that are handcrafted by the family and cellar master,
each living by the motto: “Give priority to quality, strive for excellence”.
PRESIDENT’S CUP
1st Vikroam Rampersad (36+38) 74
AUTUMN CUP
2nd Suchin Yooyai (35+38) 73
International
3rd Kai Midgley (34+34) 68
4th Neil Franklin (34+33) 67 AUTUMN CUP
4th Joe Monteiro (36+31) 67 1st Martin Sterling 69
4th Nicholas McKnight (39+28) 67 2nd Darren Ilsley 70
3rd Andrei Zelenov 70
4th Mark Squire 72
5th Peter Knight 72
FOUNDER’S TROPHY
Heritage
GREENSOME STABLEFORD
FOUNDER’S TROPHY Heritage
1st Dave Jones 42 pts
2nd Jamie Scotcher 40 pts GREENSOME STABLEFORD
3rd Jason Maloney 38 pts 1st Vikroam Rampersad & Wayne Roworth 32
4th Connor McCauley 37 pts 2nd Cormac Hicks & Jason Maloney 31
5th David Perry 37 pts 3rd Christopher Davidge & Roger Southam 30
4th Steven Beavan & Roberto Veiga 30
5th Stephen Friend & Martin Sterling 29
SENIOR SALVER
Heritage
5 CLUB CHALLENGE
International & Heritage
SENIOR SALVER
5 CLUB CHALLENGE
1st David Wallis 41 pts
1st Elliot Stickings 47 pts
2nd Mark Maidment 39 pts
2nd Cormac Hicks 41 pts
3rd Martin Ross 38 pts
3rd Ara Benning 41 pts
4th Michael Hart 37 pts 4th James Beadle 40 pts
5th Harry Cunningham 37 pts 5th Harry Cunningham 39 pts
28 | LEADERBOARD LEADERBOARD | 29LONDON GOLF CLUB
BEST OF BRITISH
MEMBERS DRIVING EVENT
The second edition of the Driving Event took place on Saturday Patek Philippe were also present on the day offering members
10th September. London Golf Club members had the opportunity the opportunity to see fine pieces and also try the watches during
to pre-book a test-drive with one of the models provided by our their drive.
partners Lancaster, the Luxury and Supercar division of Jardine
Motors Group: Aston Martin Vantage, McLaren 570 GT For more information on London Golf Club partners and
or the Bentley Continental GT. members benefits please visit the Members Area of the website.
Drives lasted approximately 40 minutes and were accompanied To register on our newsletters database please email
by a member of the Lancaster team to ensure that LGC Leonardo@londongolf.co.uk to ensure you receive
members got the most from their drive. the latest news regularly.
“Thanks London Golf Club and Jardine Motors Group
for what turned out to be an amazing drive of the
Aston Martin V8 Vantage.
The organisation both for the pre-booking and on
the day was slick and the driving experience was
awesome. The Aston Martin approved co-driver
was very knowledgeable and the whole experience
was something special.”
Mike Hart
30 | MEMBERS DRIVING EVENT MEMBERS DRIVING EVENT | 31LONDON GOLF CLUB
LONDON GOLF CLUB
KEITH
PELLEY
An interview with the European Tour’s
Chief Executive
What are your expectations for the new Rolex Series?
I said when we announced the Rolex Series that it was one of the most
significant announcements in the 44 year history of the European Tour
and I believe it will be transformational for us – a game-changer.
For the players it will mean improved prize funds and enhanced World
Ranking and Ryder Cup points, while at the same time offering greater
experiences at the tournaments for them, their teams and their families.
But it will also be a concept that will resonate with fans. It will showcase
our best players in a new way across our platforms and I think the entire
Tour will be elevated because of the Rolex Series.
CLUB INVESTMENT
Rolex have shown an incredible commitment to the European Tour over
a number of years, and together we will make the Rolex Series become
something very special in 2017.
2018 will bring the Ryder Cup back to Europe and more Do you think Golf can learn from other sports such as Football
specifically to Le Golf National, in Paris. How do you see the and Rugby, with regards to entertainment during the tournaments?
interaction between professional golf tournaments and the
European Tour Properties? We are in the content entertainment industry and it is a competitive
As you may know, London Golf Club undertook a large capital project marketplace. I firmly believe that golf needs to modernise to compete
by re-lining the lake by the 10th/18th on the Heritage course European Tour Properties has grown significantly over the last few against other sports and to make our product as appealing as possible
and also installing a new Waste Water Treatment Plant (Bio Bubble). years and our team, led by David MacLaren, has created an impressive to fans, particularly millennials.
network of world class golf venues, all of whom benefit from their close
For the first time the lake will feature a central ornamental fountain association with the European Tour. There are various ways we are doing this, including speeding up the
which can also be lit up at night. In addition two sub-surface aerators, game, which simply needs to happen, and introducing new formats.
one at each end, were also installed which will oxygenate the water They are able to draw upon the expertise of our resources and our brand We saw at the British Masters how popular the Hero Challenge was
and help to prevent the formation of algae. assets, helping to elevate them as a venue, which in turns means they under the lights, and we had other initiatives last year such as the Beat
can provide the best possible golfing experience for their members and the Pro concept at the KLM Open. Over the years I have seen from
The construction and installation of the brand new Waste Water visitors. That closely replicates what we seek to achieve on the European other sports, particularly the north American sports I follow, that
Treatment Plant features the latest technology and will provide the Tour, where we want to provide the best possible playing experience for innovation is key and we are looking to be leaders in this.
cleanest water possible which can be used for irrigating the golf courses. our members every week.
This new facility has been commissioned and is now in use. So we will try different ideas and concepts under the simple proviso
So you can see how it can be a mutually beneficial relationship and that they must be entertaining and they must be credible.
The work was completed before Christmas however re-seeding of grass in 2017 we have seven tournaments at venues which are part of this We have the ISPS Handa World Super Six Perth coming up,
land areas cannot be finished until spring, once sufficient temperatures network including our season-ending DP World Tour Championship, which will combine stroke play and match play.
will allow seed to germinate. Selected areas will be planted with native Dubai at Jumeirah Golf Estates.
Gorse to hide infrastructure and enhance areas around the lake. That will be a first in world golf and we will continue to innovate
As you mentioned, the next Ryder Cup will be at Le Golf National, in all areas to make our tournaments more entertaining and to provide
All work was carried out by Gallagher, Kent’s premier building, which is also part of the European Tour Properties network and we have the best possible experience for fans both at the venue and watching
civil engineering, quarrying and property business, with an enviable a great relationship with the venue through European Tour Properties. at home.
reputation for doing things properly and getting things done, That will undoubtedly be a key factor in us creating the best possible
while still caring about the local community and environment. experience in 2018, both inside the ropes and around the venue. The Rolex Series will be a big step forward in this sense and
I believe it will help elevate all of our other tournaments.
32 | CLUB INVESTMENT KEITH PELLEY | 33LONDON GOLF CLUB
BOODLES
One of Britain’s leading fine jewellers, Boodles continues to grow, improve and innovate; and 2016
was no exception with the introduction of a stunning coloured diamond
Boodles is known for the skill of its creations, collection, ‘Finely Coloured’, a selection of suites with a specific focus
the quality of its precious gems and its on coloured diamonds, ranging from intense yellows, to pink, green,
bluish-green and purplish pink, set in a variety of characteristically
commitment to brilliance, both in the cut Boodles designs. Furthermore in September of 2016 Boodles unveiled
of its diamonds and the beauty of its a new collaboration with luxury interiors brand De Gournay; consisting
jewellery designs. of a stunning butterfly themed suite of jewellery featuring the finest
quality rare, yellow, cognac and champagne diamonds; a collection
of autumnal treasures that were then incorporated into a bespoke
De Gournay wallpaper design.
Thanks to Boodles’ talented design team and visionary philosophy,
the company continues to champion the tradition of exemplary
2017 is set to be another exciting year for Boodles with a new high
British craftsmanship more than two centuries after its founding.
jewellery collection consisting of show-stopping, design orientated pieces
launching in June. Featuring a variety of coloured stones and diamonds,
At its heart, Boodles is a family company.
the collection will include a series of exceptional creations that are
Established in 1798, the company’s core principles of dedication,
inspired by the ‘poetry of landscape’. The brand will also be launching
creativity, and excellence have been passed down through six generations;
a new Raindance Watch; a diamond-encrusted ladies timepiece featuring
today, run by brothers Nicholas and Michael Wainwright, and assisted
an ornate dial in a choice of shimmering blue aventurine or luminous
by the next generation, Jody Wainwright and James Amos.
mother of pearl, which takes its inspiration from Boodles most iconic
piece, the Raindance ring. In addition, both Boodles’ Manchester and Sloane Street showrooms
Boodles designs have become a red carpet favourite adorning leading
actresses such as Dame Helen Mirren, Kate Winslet, Emma Thomson, will be relocating to bigger and better spaces. The new Sloane Street
Emma Watson and Naomi Watts to name but a few. Furthermore, shop will be located at No. 6 and will feature a Patek-Philippe
Boodles’ iconic Raindance Ring, now resides in the permanent in-store boutique as well as several private client entertaining spaces.
jewellery collection of the world-renowned Victoria and Both boutiques are being designed by renowned architect Eva Jiricna,
Albert Museum in London. who specialises in striking, modern glass features and spiral staircases.
As well as selling beautiful jewellery, Boodles are also proud Boodles has five stores in London including shops on Bond Street
retailers of Patek Philippe watches. Like Boodles, Patek Philippe and Sloane Street and boutiques in The Royal Exchange, Harrods
is a family-owned company with an illustrious history. This most and The Savoy Hotel. There are also three Boodles stores in the
prestigious of Swiss watchmakers is a byword for quality and North of England and one in Dublin.
sophistication, and the intricacy of their watch complications
is legendary. Customers travel to Boodles from all over the world
to view some of the world’s most unique and sought-after timepieces. www.boodles.com
34 | BOODLES BOODLES | 35LONDON GOLF CLUB LONDON GOLF CLUB
MEMBERS
GUEST DAY
A relaxed and fun atmosphere from arrival to prize
giving. Another great event for LGC Members & Guests
on the Jack Nicklaus Design Signature, Heritage Course.
36 37LONDON GOLF CLUB LONDON GOLF CLUB
COSTA NAVARINO is located in the breath-taking seaside Just a few minutes’ drive from Navarino Dunes, is the Bay Course,
landscape of Messinia, the resort consists of two 5-star luxury which offers an alternative set of challenges, in a quite different
hotels (The Westin Resort Costa Navarino and The Romanos, setting. Designed by Robert Trent Jones Jr, the par 71 course
a Luxury Collection Resort), two signature golf courses places a slightly greater emphasis on strategic play and positional
(The Dunes and The Bay), Golf Academy, Anazoe Spa and golf. The idyllic setting runs through foothills and right alongside
a wide range of year-round activities for adults and children the historic bay of Navarino.
which are unique in the Mediterranean.
Most tees offer amazing sea views and the course rises, falls,
Designed by Bernard Langer, the Dunes Course has been inspired twists and turns through three (Seaside, Canyon and Grove)
MEMBERS GUEST DAY by the character of the natural landscape, much of the contouring
mirrors the rugged outlines of the distant mountains. Close to
the sea, there is a links-like feel; further inland, it reflects a more
typically Greek landscape of olive and citrus groves. Several holes
run along a small river that meanders through the site and there are
distinct natural landscapes, providing striking contrasts that
create a dramatic and memorable round.
www.costanavarino.com
large undulating greens, wide fairways and steep-faced pot bunkers.
The last Members Guest Day of the year took place on September
the 13th with members enjoying a “Greek” sunny day on the Heritage
course. As usual members and guests had breakfast served in
The Restaurant Room from 8.30am and could then head to the driving MEMBERS GUEST DAY RESULTS
range for some final adjustments on their swing before the shotgun start.
1st Mills / Jackson / Perry / Roe -11 133
At the briefing, our Director of Golf, Paul Stuart, explained the rules 2nd Kearns / Cook / Gibbins / Mall -10 134
of the day and our Golf Services team then directed the groups
to their respective tees for the start. 3rd Florence / Palmer / Dunbar / Jeal -10 134
As per the last edition of the event sponsored by the resort, players were 4th Flynn / Lawrence / Mayfield / Warr -6 138
fortified during the day with fantastic wines from Navarino Vineyards:
1827 Rose and Kotyle Chardonnay. T5 Treacher / Field / Burnett / Townsend -5 139
T5 Hicks / Zealey / Coomber / Wragg -5 139
The winning team won 3 nights accommodation with breakfast
and 2 rounds of golf (4 people sharing two double rooms) T5 Patrick / Rivero / Man / Armour -5 139
at The Westin Resort Costa Navarino.
38 | MEMBERS GUEST DAY MEMBERS GUEST DAY | 39LONDON GOLF CLUB
BRANDSHATCH PLACE
A sophisticated Georgian country house hotel standing proudly in the Garden of England.
RECHARGE, TRAIN, PLAY
At this exclusive health club you will find a friendly and welcoming
environment which enables guests and members to achieve the level
GOLF EVENTS
of health and fitness they aspire to.
Brandshatch Place pride themselves on offering an inspiring
environment in which to complete your workout or class, go for
a swim in our pool, detox in the steam room and sauna, enjoy a coffee
and a sandwich in our Atrium bar or just relax in the lounge area.
All of this and more is included within our membership fees.
They focus on providing a complete service to our members which
will help you to pursue a healthy lifestyle.
Whether you are a hotel guest, fancy a one off trip to the club or are
a member the team is very much look forward to welcoming you.
SPA
More companies are now recognising the importance and benefits of staging
Slip in to neutral, take a deep breath and relax. Do as much, or as little, Golf Events, and here at London Golf Club we strive to ensure that your day
as you please at Brandshatch Place Hotel & Spa and if you decide
on the latter, your secret is safe with them. will stand out as one to remember.
The spa is all about relaxation and wellbeing, whether you are here
for a hen party, wedding, business event or simply for a break.
Booking it is very simple. Select one of our golf packages and discuss your
Refresh mind and body with a therapeutic treatment, reinvigorate tired requirements with our team. We will help you select any additional items to make
limbs with a dip in the spa pool or drift away in the relaxation room.
your event even more special and send you a proposal. We will then reserve your
Step into a world of pampering where spa days, breaks and treatments chosen date and ensure the smooth running of the event on the day.
are designed with you in mind – to take you on a journey of total
relaxation, aided by our experienced therapists. Create and customise
the ultimate spa break or spa day in Kent by combining treatments.
Guests can also take full advantage of all the hotel facilities as the
packages are created for the ultimate indulging experience, exactly
what you would expect from a heritage country hotel in the
Garden of England.
For more information on the LGC Members Special offer
please visit the Members Area of the website.
www.londongolf.co.uk
40 | BRANDSHATCH PLACE 41LONDON
LONDON
GOLF
GOLF
CLUB
CLUB
AFTERNOON SINGLE PAIRINGS
Time TEAM HART Result TEAM DALTON Result
WYDER CUP
13.20pm Scott Sumner 3&2 VS Suchin Yooyai
Michael Hart AS VS Kai Midgley AS
13.30pm Nick Stansfield 7&6 VS Darren Johnson
Mick McMahon VS Dave Perry 4&3
13.40pm Steve Middleton 1UP VS Stephen Dalton
Carl Palmer VS Peter Ruffoni 2&1
13.50pm Harry Fairbairn 6&5 VS Darren Bruce
Mick Hart led his team to victory
on the 2016 edition of the competition. Nigel Fairbairn VS Martin Sterling 3&2
14.00pm Dave Wallis VS Phil Robinson WIN
The third edition of the Wyder Cup presented, once again, Mark Squire 6&4 VS Sean Scotcher
two strong teams competing in a friendly atmosphere.
14.10pm Mike Atkin AS VS Stephen Friend AS
Both Captains, Mick Hart and Ryan Dalton, were a great support Daryll Carter VS Jamie Scotcher 4&3
for their respective teams throughout the day ensuring players
were making the most of the day. FINAL RESULT TEAM HART 10 VS TEAM DALTON 8
Thanks to our Greenkeeping team for presenting both courses
in fantastic conditions, creating a real challenge on the 36 Holes
of Jack Nicklaus Designed golf.
The 2017 Cup looks promising and we’re sure the winning
team won’t be found until the last moment.
MORNING FOURBALL PAIRINGS
Time TEAM HART Result TEAM DALTON Result
7.30am Nick Stansfield (11) & Nigel Fairbairn (9) VS Daren Johnson (13) & Suchin Yooyai (15) 3&2
7.40am Shaun Monks (20) & Dave Wallis (17) 2&1 VS Kai Midgley (9) & Dave Perry (18)
7.50am Michael Hart (8) & Scott Sumner (17) AS VS Stephen Dalton (20) & Darren Bruce (16) AS
8.00am Steve Middleton (18) & Carl Palmer (19) AS VS Peter Ruffoni (18) & Phil Robinson (25) AS
8.10am Harry Fairbairn (12) & Mark Squire (21) 3&1 VS Martin Sterling (12) & Stephen Friend (9)
8.20am Mike Atkin (17) & Daryl Carter (17) 1UP VS Jamie Scotcher (10) & Sean Scotcher (12)
42 | WYDER CUP WYDER CUP | 43LONDON GOLF CLUB
FINANCIAL TIMES
One of the world’s leading news organisations,
with over 120 years of history in its pages. THURSDAY 10 NOVEMBER 2016 WORLD BUSINESS NEWSPAPER UK £2.70 Channel Islands £3.00; Republic of Ireland €3.00
Trump moves to
reassure shocked
The Financial Times was established in February 1888, allies and nervous
one of the world’s leading business news organisations, it is recognised investors
internationally for its authority, integrity and accuracy.
In 1979 the Financial Times expanded to print a European edition, Markets
Victory speech helps
later adding a high end magazine and FT.com. restore calm after
defeat of Clinton
The appointment of Lionel Barber as editor saw the company successfully sparks sell-off
transform into a multichannel news organisation. Transition
Running mate Pence
set to play key role in
forming new White
House team
2011 marked a pivotal point in the FT history as they were recognised
as the first major publisher to launch an HTML web app for mobile. SAM FLEMING AND
COURTNEY WEAVER — NEW YORK
Senior Republicans sought to reassure
the world that Donald Trump would
oversee a smooth transition of power in
senior figures for his administration and
in building bridges with Congress, also
pointing to Rudy Giuliani, the former
New York mayor, as a key presence in
the coming days.
markets and US-led alliances — shud-
dered in the immediate aftermath of the
Republican’s victory. The shock was felt
with an immediate sell-off during Asian
trading hours and expressions of con-
growth and inflation. Yields on the
10-year bond — which move opposite to
prices — rose nearly 40 basis points
from their Asian lows.
The world’s political strongmen and
Donald Trump: his victory over
Hillary Clinton questions basic
postwar assumptions about the role
of the US in the world — Saul Loeb/Getty
Mrs Clinton responded in her belated
concession speech by pledging to work
with Mr Trump — but saying she would
continue to fight for the rights of minori-
ties, many of whom bore the brunt of
One longstanding Trump ally pre- cern from US-led security and trade alli- populists appeared to be the most Mr Trump’s attacks.
Last year, the FT was bought by Nikkei, the Japanese media group
Washington and bring in heavyweight
figures to his administration after the dicted that Mr Pence would be “a very ances, including from Jens Stoltenberg, cheered by the stunning Trump upset. maker Nucor and one of Mr Trump’s top Her voice occasionally breaking, she
political outsider’s stunning victory powerful vice-president” who would Marine Le Pen, France’s far-right poli- economic advisers, said he expected the added: “This is painful and it will be for a
pull the levers in the White House on tician who is running for president next property magnate to pack his adminis- long time. We have seen that our nation
roiled markets and shocked US allies.
personnel and appointments, and work
‘Russia is ready and wants year, rushed to congratulate Mr Trump tration with business figures. is more deeply divided than we thought.
Trump advisers said that Mike Pence, with the Washington establishment. to restore fully fledged and the “free” people of the US. Nigel After months of attacks on Mrs Clin- But I still believe in America and I
and today more than 70% of the FT’s circulation is digital.
the experienced Indiana governor and Another leading Republican said Farage, leader of the anti-EU UK Inde- ton, Mr Trump used his victory speech always will.”
Mr Trump’s running mate, would play a Mr Pence would be the point man to
relations with the US’ pendence party, and Geert Wilders, to congratulate her and said Democrats Additional reporting by Joshua Chaffin in
prominent role both in identifying work with House Speaker Paul Ryan, Vladimir Putin, president head of the Netherlands’ anti- and Republicans now needed to unite. London
the top elected Republican in Washing- immigrant Freedom party, also
ton who has had a difficult relationship the Nato secretary-general, who expressed satisfaction.
with Mr Trump; the two men shared a reminded members of their treaty com- Chief among the foreign adversaries
With a team of almost 600 editorial staff in more than 40 countries, similar supply-side economics platform
which could potentially rally the party
behind Mr Trump, the Republican said.
Mr Ryan struck a conciliatory tone
yesterday, praising Mr Trump for pull-
mitments to common defence.
“We just assume the US policy will, in
the coming times, be less predictable for
us,” said Frank-Walter Steinmeier,
Germany’s foreign minister.
expressing renewed optimism was
Russia’s Vladimir Putin — a liability for
Mr Trump during the campaign — who
said his nation was now eager to restore
ties that frayed after the annexation of
ing off “an enormous political feat” and The efforts to reassure appeared to Crimea and have suffered further dur-
it continues to be one of the world’s leading news organisations, recognised arguing that the party would “hit the
ground running” in January.
Mr Trump’s one-time adversaries also
moved to reassure the country, and the
gain traction during the Wall Street day,
with the S&P 500 benchmark index
opening higher and extending gains yes-
terday. US Treasuries fell sharply from
ing the Syria war. “Russia is ready and
wants to restore fully fledged relations
with the US. It won’t be easy but we’re
prepared to do our part,” Mr Putin said.
world, that his victory would not over- Asian-hour highs as investors bet on The Trump camp’s effort to reassure
for its integrity and independence.
turn the institutions of government in public works spending that could raise is likely to include quickly moving to
Washington. Both Hillary Clinton, his identify potential appointees to cabinet
Emotional Clinton urges vanquished Democratic rival, and posts at the departments of state, Treas-
respect for rival’s victory Barack Obama, who once called him Inside ury, defence and homeland security.
“unqualified” to be president, vowed to Thomas Barrack, chairman of Colony
Hillary Clinton admitted in an support the president-elect. 3 Trump triumph Pages 2-10 Capital and an adviser to the president-
emotional speech yesterday morning “I hope he will be a successful presi- 3 Special relationship Page 12 elect, sought to ease concerns over
that it was ‘painful’ to see her dreams dent,” Mrs Clinton said in a concession 3 Big Read: Edward Luce on what the Federal Reserve, claiming that
of winning the White House shattered. speech yesterday morning. “Our Trumpworld will look like Page 15 Mr Trump understood the sensitivity of
Despite suffering daily personal democracy enshrines the peaceful 3 Editorial Comment Page 16 central bank policy.
assaults on her by Donald Trump transfer of power and we don’t just 3 Comment: Christopher Caldwell, “What the international financial
The Financial Times is best known for providing essential news, comment,
during the campaign, she told a respect that — we cherish it.” Sarah Churchwell, Gideon markets were reacting to negatively was
cheering crowd of supporters that her Mr Trump’s victory risks ushering in Rachman & John Authers Page 17 the fear that candidate Trump would be
Republican rival deserved ‘the chance a period of political turmoil as govern- 3 Lex Page 18 unpredictable, perhaps unreliable, per-
to lead’. She said the tradition of a ments question basic postwar assump- 3 Short View Page 19 haps too spontaneous,” Mr Barrack said.
stable transition of power to the new tions about the US role in the world as 3 Winners and losers Pages 20 But he argued that Mr Trump would
president must be respected. the premier liberal democracy. 3 Lombard Page 24 shift to a conciliatory and predictable
data and analysis for the global business community, combining paid print Report i PAGE 9 The underpinnings of that interna-
tional order — including global financial
3 Markets Pages 32-34 mode as president.
Dan Dimicco, former head of steel-
Subscribe In print and online World Markets
and digital circulation of 780,000. Mobile is an increasingly important www.ft.com/subscribenow
Tel: 0800 298 4708
For the latest news go to
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From left to right (cover images):
21st July 1969 (left page); 30th October 1929;
10th November 2016; 11th November 2016
FRIDAY 11 NOVEMBER 2016 WORLD BUSINESS NEWSPAPER UK £2.70 Channel Islands £3.00; Republic of Ireland €3.00
US Martin Wolf
Philip Stephens
How to Spend It
A supercar with devilish
Election 2016 Gillian Tett — COMMENT, PAGE 13 good looks — MAGAZINE
Obama offers helping hand to Trump in
awkward first meeting at White House
Transition Former combatants in Markets Wall Street hits record Republicans Party seeks to heal
conciliatory mood after bitter race highs amid show of goodwill wounds following fierce infighting
DEMETRI SEVASTOPULO — WASHINGTON
Donald Trump entered the Oval Office ‘We are going
for the first time as president-elect yes-
terday to meet Barack Obama as the two
to want to do
men attempted to set a conciliatory tone everything we can
for the transition of power after a histor-
ically bitter campaign. to help you succeed
Mr Trump said the meeting was origi-
nally scheduled for 10-15 minutes but because if you
instead lasted nearly an hour and a half.
“As far as I am concerned it could have
succeed, the
gone on for a lot longer,” he said. They country succeeds’
“discussed a lot of different situations,
some wonderful . . . some difficulties”. Obama to Trump
It came after years in which the two
men, who had never previously met,
exchanged highly personal insults. Mr
Trump led the “birther” campaign that ‘Mr President, it was
questioned whether Mr Obama was
born in the US, while Mr Obama once
a great honour being
mocked the idea of a Trump presidency with you and I look
at a formal Washington dinner with the
billionaire in attendance. forward to being
The awkward but emollient mood
appeared intended to settle financial with you many,
markets and global allies roiled by Mr
Trump’s shock victory.
many more times’
Mr Obama told Mr Trump he Trump to Obama
intended to help him succeed as 45th
president, adding he was “encouraged”
by the interest the president-elect’s
team had shown in working with the The Dow Jones Industrial Average tinue to consult Mr Obama on affairs of President-elect Donald Trump Speaker of the House who was one of his
outgoing administration to assure a Inside rose more than 1 per cent to a record state and expressed gratitude to his gestures during his meeting in the most vocal critics during the campaign.
smooth transition ahead of Mr Trump’s closing high. predecessor, who said recently the busi- Oval Office with Barack Obama Mr Ryan signalled on Wednesday that
Pablo Martinez Monsivais/AP Photo
inauguration on January 20. 3 Trump triumph Pages 4-7 US Treasuries, however, continued to nessman was “uniquely unqualified” to he would work with Mr Trump, saying
“Most of all, I want to emphasise to 3 Editorial Comment Page 12 sell off as investors anticipated a be president. at a press conference that Mr Trump
you, Mr President-elect, we are now 3 Comment: Gillian Tett, Trump-backed infrastructure push and “I very much look forward to dealing had “heard a voice out in this country
going to want to do everything we can to Martin Wolf, Philip Stephens tax cuts that could raise national debt with the president in the future, includ- “The meeting was much less awkward that no one else heard” and had “turned
help you succeed because if you suc- & James Pethokoukis Page 13 and spur inflation. In late trading, yields ing counsel,” he said. “He has explained than you might expect,” White House politics on its head”.
ceed, the country succeeds,” Mr Obama 3 Lex Page 14 on the 10-year bond were above 2.1 per some of the difficulties, some of the spokesman Josh Earnest said, adding But Mr Ryan, who supports free trade,
said. The White House said the two men 3 Short View Page 15 cent, up more than 40 basis points from highflying assets and some of the really that Mr Obama had actually scheduled must decide how to balance his views
met alone during the session. 3 Inside Business Page 16 the lows immediately following Mr great things that have been achieved. So longer than 15 minutes for the meeting. with those of Mr Trump, who was pro-
The civil words from all the leading 3 Rainmakers bullish Page 17 Trump’s victory. Bond prices and yields Mr President it was a great honour being The president-elect went on to meet pelled to victory on the back of an anti-
participants in the presidential contest 3 Markets Pages 28-30 move in opposite directions. with you and I look forward to being Mitch McConnell, the Republican Sen- establishment, populist movement that
helped send Wall Street to record highs. Mr Trump said he intended to con- with you many, many more times.” ate leader, and Paul Ryan, the GOP virulently opposed recent trade deals.
Women sweep the floor in value of
unpaid domestic chores, says study
CHRIS GILES — ECONOMICS EDITOR childcare has risen faster than inflation, Childcare is valued highly, at £15.28
making it worth more when done at an hour, and occupies women for over
Rows over who does the household
home. In the home, women do 60 per 4.5 hours a week, compared with less
chores are set to soar after Britain’s
cent more unpaid work than men, the than two hours a week for men.
statisticians published an online calcu-
ONS says. When it comes to cooking, The gender divide is not the most
lator that allows people to value the
Business leaders push for cooking, cleaning, childcare, garden-
childcare and housework, they do twice extreme, however. Students score as the
London-only visa scheme as much. “My wife has already told me I laziest when it comes to chores, doing
ing and DIY they do.
owe her £40,000,” said one London just 12 hours a week of unpaid work,
Employers in the capital have laid out Using the average wages of those who commuter. while the average mother on maternity
plans for a London-only visa that are paid do these tasks, the Office for On average, men do 16 hours of leave does 60 hours a week.
would allow them to maintain access National Statistics calculator gives an unpaid work a week, compared with 26 There is little difference between the
to foreign labour once the UK leaves estimate of how much their unpaid hours for women, with men taking the rich and the poor. In contrast to the
the EU. Business leaders hope Britain’s work would be worth if they could find lead role only in driving themselves to Downton Abbey world of the early 20th
reliance on the economic success of someone to pay them for it. work and ferrying the rest of the family century, the ONS reckons that rich mod-
the capital, home to 3m people born In total, the ONS thinks people do around in the car. ern families spent almost exactly the
abroad, will persuade Downing Street £1.01tn of unpaid work in the home, the If they were paid for their chores, the same amount of time on chores as
to consider the plan. The scheme equivalent of 56 per cent of the UK’s average man would earn £166.63 a poorer families.
envisages recipients having special gross domestic product, which values week, while the average woman would The only difference is that higher-
national insurance numbers that all of the paid work in the UK. earn £259.63. The figures suggest that income households spent less time
prevent them from working elsewhere. The value of unpaid chores has grown the chores men tend to do are slightly cooking and on childcare, but that is off-
Analysis i PAGE 2 faster than the size of the economy over more valued in the labour market than set by spending more time transporting
the past decade because the cost of paid those undertaken more by women. each other around.
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