GG2 Awards: Lord Bilimoria receives Beacon Award; Salman Amin wins CEO of the Year
(L-R)" Shailesh R Solanki, Executive Editor, Asian Media Group; Lord Karan Bilimoria, Chairman and Founder of Cobra Beer Partnership and President of the Confederation of British Industry; Kalpesh R Solanki, Group Managing Editor, Asian Media Group and Lukwesa Burak, News Presenter, BBC at the GG2 Leadership and Diversity Awards, held in London on 08 March 2022
This week, a number of remarkable people were recognised at the annual GG2 Leadership and Diversity Awards, held in London on Tuesday (March 8).
Lord Karan Bilimoria, chairman and founder of Cobra Beer Partnership and president of the Confederation of British Industry (CBI), was the recipient of the inaugural GG2 Ram Solanki Beacon Award, named after the late founder of Asian Media Group (AMG) Ramniklal Solanki CBE.
Salman Amin, pladis chief executive, took home the GG2 CEO of the Year Award, presented to an individual who has demonstrated outstanding leadership, brings about change and builds a culture of belonging and inclusion across their organisation.
In all, 20 awards were presented on the evening, and a number of remarkable women were amongst the winners at this year’s awards, which coincided with International Women’s Day.
Now in their 23rd year, the GG2 Leadership and Diversity Awards celebrate the achievements of Britain’s ethnic minorities. They are hosted by AMG, publishers of Asian Trader.
AMG group managing editor, Kalpesh Solanki, said: “The GG2 Leadership Awards spotlight extraordinary individuals working against immense odds.
“We highlight the work of remarkable people and shine a light on their achievements so others can follow in their footsteps.”
In his acceptance speech, Salman Amin who is a fervent advocate of inclusion and empowering young talent said, “At pladis we are on a journey which we believe is focussed on parity, equity and on being a perpetual learning organisation. We believe that building inclusion, shapes the right culture and, we are determined to build an inclusive company.”
Last year, Amin convened a global external advisory board made up of established leaders in the field of inclusion and diversity to support pladis’ journey to build a vibrant, inclusive and diverse workforce. He has also been credited with reviving the company, making global efforts to put diversity and inclusion at the top of the agenda setting the tone for his team to lead the way.
Born into a military family, Lord Bilimoria campaigned tirelessly and raised funds to build a memorial to recognise the contribution of the five million men and women from the Indian subcontinent, Africa and Caribbean who served in the two world wars.
A keen and passionate voice in the cause of equality and diversity, he smashed through another glass ceiling in June 2020 when he became the first non-white President of the CBI. During his tenure, he has not only been a powerful advocate for business, but has put diversity and inclusion firmly on the agenda in the boardrooms of corporate Britain.
“This is one of the proudest moments of my life,” said an emotional Lord Bilimoria. “To receive this award, in memory of a great man in Ramniklal Solanki, is an absolute honour.”
WINNERS LIST
GG2 D&I Initiative Award
Awarded to an individual or organisation for outstanding work in implementing an initiative with diversity and inclusion at its heart.
WINNER: School of Marketing and its GEN Z programme
GG2 Marketing Campaign of the Year
Awarded to an organisation who has made an outstanding and meaningful marketing campaign to promote the values of equality, diversity and inclusion in the workplace.
WINNER: GottaBe! Marketing
GG2 Advertising Agency of the Year
Presented to an organisation who has made an outstanding contribution to their clients’ successes and built a strong culture of creativity and originality.
WINNER: Mediareach Advertising
GG2 Local Government Award
Awarded to a local council or government department for outstanding work in putting diversity higher up the agenda and promoting the values of equality, diversity and inclusion in the workplace.
WINNER: Islington Council
GG2 Diversity Champion of the Year
Awarded to an individual or organisation for outstanding work in putting diversity higher up the agenda and promoting the values of equality, diversity and inclusion in the workplace.
WINNER: Sanjay Bhandari, Chair, Kick It Out
GG2 CEO of the Year
Awarded to an individual who has demonstrated outstanding leadership, brings about change, innovation, and built a culture of belonging and inclusion across the organisation.
WINNER: Salman Amin, pladis
GG2 Ram Solanki Beacon Award
Presented to an inspiring individual for exceptional contribution to Britain and ethnic communities.
WINNER: Lord Karan Bilimoria CBE DL, Chairman and Founder of Cobra Beer Partnership and President of the Confederation of British Industry (CBI)
GG2 Spirit in the Community Award supported by Royal Navy
Awarded to an individual or organisation for outstanding work in the community.
WINNER: Amna Abdullatif, Huda Jawad and Shaista Aziz, Founders, The Three Hijabis
GG2 Young Journalist of the Year supported by Daily Mail
Awarded for outstanding work in the media.
WINNER: Inzamam Rashid, Correspondent, Sky News
GG2 Inspire Award supported by the British Army
Presented to an individual or organisation for outstanding work in the community, which has served to inspire young people.
WINNER: Captain Preet Chandi, Physiotherapist, British Army
GG2 Achievement through Adversity supported by Maniyar Capital
Awarded to an individual who has achieved a high level of success despite difficult circumstances.
WINNER: Waheed Arian, Doctor and Founder, Arian Teleheal International Telemedicine Charity
GG2 Young Achiever Award supported by the Royal Air Force
Presented to a young person aged 35 or under who has demonstrated outstanding leadership, brings about change and who is an inspiration to communities.
WINNER: Soma Sara, Founder and CEO, Everyone’s Invited
GG2 Outstanding Achievement in Science supported by Morningside Pharmaceuticals
Awarded to an individual who has made an outstanding contribution to the world of science.
WINNER: Professor Sir Shankar Balasubramanian FRS FMedSci, Herchel Smith Professor of Medicinal Chemistry, University of Cambridge
GG2 Outstanding Achievement in Law
Awarded to an individual who has made an outstanding contribution to the legal profession.
WINNER: Jacqueline McKenzie, Partner, Leigh Day
GG2 Social Entrepreneur Award
Awarded to a cause-driven individual or organisation who has made an outstanding and meaningful contribution to society.
WINNER: Vraj Pankhania, Founder and Chairman, Westcombe Homes Group and Westcombe Foundation
GG2 Inspirational Role Model Award
Presented to an exceptional individual who has shown resilience and passion to drive positive change in business and the community.
WINNER: Kailash Suri, Owner, Reel Cinemas
GG2 Pride of Britain Award
Awarded to an individual for outstanding contribution to society.
WINNER: Azeem Rafiq, Anti-Racism Campaigner and Former Professional Cricketer
GG2 Woman of the Year supported by Maniyar Capital
Awarded to an individual for consistent high achievement.
WINNER: HHJ Kaly Kaul QC, Circuit Judge and Queen’s Counsel and Founder of the Judicial Support Network
GG2 Man of the Year
Awarded to an individual for consistent high achievement.
WINNER: Professor Sir Partha Dasgupta FRS FBA, Frank Ramsey Professor Emeritus of Economics, University of Cambridge
GG2 Hammer Award in association with pladis
Awarded to an individual who has broken through the glass ceiling.
Home secretary Yvette Cooper has announced plans to rebuild neighbourhood policing and combat surging shop theft as part of an ambitious programme of reform to policing.
In her first major speech at the annual conference hosted by the National Police Chiefs’ Council and Association of Police and Crime Commissioners on Tuesday, Cooper highlighted four of the key areas for reform: neighbourhood policing, police performance, structures and capabilities, crime prevention.
The initiatives she announced include:
a Neighbourhood Policing Guarantee to get policing back to basics and rebuild trust between local forces and the communities they serve
a new Police Performance Unit to track national data on local performance and drive up standards
a new National Centre of Policing to harness new technology and forensics, making sure policing is better equipped to meet the changing nature of crime
The home secretary also announced more than half a billion pounds of additional central government funding for policing next year to support the government’s Safer Streets Mission, including an increase in the core grant for police forces, and extra resources for neighbourhood policing, the NCA and counter-terrorism.
In her speech, Cooper said that without a major overhaul to increase public confidence, the British tradition of policing by consent will be in peril.
“I am determined that neighbourhood policing must be rebuilt,” she said, pointing to its decline over the past decade. Cuts to community-based roles have left town centres vulnerable to rising crime and antisocial behaviour, she added.
“Shop theft is up at a record high, street theft is up 40 per cent in a year… Criminals – often organised gangs – are just getting away with it. We cannot stand for this,” she said.
Cooper reiterated the government’s commitment to deliver an additional 13,000 police officers, PCSOs and special constables in neighbourhood policing roles, adding that further steps will be announced in the coming weeks.
The reforms will restore community patrols with a Neighbourhood Policing Guarantee and an enhanced role for Police and Crime Commissioners to prevent crime. The changes will also ensure that policing has the national capabilities it needs to fight fast-changing, complex crimes which cut across police force boundaries.
“The challenge of rebuilding public confidence is a shared one for government and policing. This is an opportunity for a fundamental reset in that relationship, and together we will embark on this roadmap for reform to regain the trust and support of the people we all serve and to reinvigorate the best of policing,” Cooper said.
Retailers are right to warn of potential job cuts as a result of tax increases announced at last month’s budget, Bank of England governor Andrew Bailey has said.
Bailey appeared before the cross-party Treasury select committee on Tuesday (19), after almost 80 retailers claimed rising costs would make “job losses inevitable, and higher prices a certainty”.
“I think there is a risk here that the reduction in employment could be more. Yes, I think that’s a risk,” Bailey said, adding that depending on how companies respond, there could be a bigger reduction in employment as a result of the NICs rise than the 50,000 jobs projected by the government’s spending watchdog, the Office for Budget Responsibility (OBR).
Bailey suggested the Bank’s monetary policy committee (MPC) would continue to reduce interest rates slowly from their current level of 4.75%, allowing time to assess the impact of the tax changes.
Rachel Reeves’s first budget increased taxes by £40bn, which Labour said would be used to fund creaking public services. The biggest revenue-raiser was a £25bn rise in employer national insurance contributions (NICs), which has prompted a backlash from business groups.
In a letter to the chancellor, retail bosses claimed this and other changes would cost the sector £7bn and lead to layoffs. Signatories included senior figures from Tesco, Greggs, H&M, B&Q and Specsavers.
The letter, which was organised by the British Retail Consortium (BRC) and signed by 80 companies, warned the industry faces £7bn in increased costs as a result of changes to employers’ National Insurance, a higher minimum wage rise and levies on packaging.
It added that job losses were now “inevitable”, as a result of the “sheer scale” of the new costs on business.
The letter continued: “For any retailer, large or small, it will not be possible to absorb such significant cost increases over such a short timescale. The effect will be to increase inflation, slow pay growth, cause shop closures and reduce jobs, especially at the entry level. This will impact high streets and customers right across the country.”
The BRC estimates that retailers will face a £2.3bn bill from April, after the implementation of the increase in employer NICs from 13.8 per cent to 15 per cent, as well as the reduction in the earnings threshold when they must start paying it, from £9,100 to £5,000.
Meanwhile, retailers are understood to have been contacted by the Treasury last week to find out whether they planned on giving their support to the letter, which criticised the Chancellor’s decision to impose extra costs on the industry. One industry source suggested the Government had been thrown into a “tizzy” by the prospect of a public letter rebuking the Chancellor.
The British Independent Retailers Association (Bira) has urged independent shop owners to reach out to their local councils about the government's newly announced High Street Rental Auction (HSRA) powers, which aim to tackle persistently vacant commercial properties on UK high streets.
Introduced through the Levelling Up and Regeneration Act 2023, the HSRA legislation will come into force on 2 December. It will give local authorities the ability to put the leases of long-term empty shops up for public auction, allowing businesses and community groups to secure short-term tenancies.
Andrew Goodacre, CEO of Bira, said: "The introduction of High Street Rental Auctions is a positive step forward in revitalising our town and city centres. For far too long, disengaged landlords have been allowed to leave key commercial properties sitting vacant, to the detriment of local businesses and communities."
"We urge all independent shop owners who have experienced issues with persistently empty premises in their area to engage with their local council. These new rental a provides an opportunity for retailers and other organisations to gain access to high street spaces that may have previously been off-limits."
The government has committed over £1 million in funding to support the HSRA process, which aims to breathe new life into town centres by bringing businesses, community services and customers back to the high street.
Goodacre added: "High streets are the beating heart of our local communities, and we cannot allow them to wither away due to landlord inaction. These new rental auction powers give opportunities to established or new retailers to secure affordable, short-term tenancies and expand their reach within their community."
Britain's annual inflation rate jumped more than expected in October to back above the Bank of England's target as households and businesses faced higher energy bills, official data showed Wednesday.
The Consumer Prices Index reached 2.3 per cent from a three-year low of 1.7 percent in the 12 months to September, the Office for National Statistics said in a statement.
CPI was last at 2.3 percent in April, the ONS added in a statement, while analysts' consensus had been for the rate to climb back to 2.2 percent.
The Bank of England (BoE) target stands at 2.0 percent.
"Inflation rose... as the increase in the energy price cap meant higher costs for gas and electricity compared with a fall at the same time last year," ONS chief economist Grant Fitzner said of October's data.
Britain's energy regulator Ofgem sets a price cap quarterly that suppliers can charge customers. The latest increase in October was 10 per cent but this is expected to drop markedly in January according to forecasts.
The regulator had cited rising prices on international energy markets owing to increasing geopolitical tensions, and extreme weather events driving competition for gas, as the reasons behind the sharp rise.
"We know that families across Britain are still struggling with the cost of living," senior Treasury official Darren Jones said in reaction to Wednesday's inflation reading and saying the Labour government needed to do more to help.
Food and non-alcoholic beverage prices rose by 1.9 per cent in the year to October, up from 1.8 per cent to September 2024. The annual rate of 1.9 per cent in October compares with 10.1 per cent in the same month last year.
Analysts said despite prices rising faster than expected, the BoE remained on course to keep cutting British interest rates.
"But it lends some support... that the Bank will skip the December meeting and cut rates only gradually, by 25 basis points in February and at every other policy meeting until rates reach 3.50 percent in early 2026," forecast Ruth Gregory, deputy chief UK economist at Capital Economics research group.
The central bank earlier this month trimmed borrowing costs by 25 basis points to 4.75 per cent.
Following its decision, the BoE added that a maiden budget from Britain's Labour government in October, featuring tax rises and increased borrowing, would boost growth but also lift inflation.
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Nestle logos are pictured in the supermarket of Nestle headquarters in Vevey, Switzerland, February 13, 2020
Nestle on Tuesday said it will increase investment in advertising and marketing to 9 per cent of sales by the end of 2025. The company also announced plans to make its waters and premium beverages activities a global standalone business from New Year.
Unveiling a plan to fuel and accelerate growth at a Capital Markets Day for investors and analysts, the Swiss group also said it aims cost savings of at least CHF 2.5 billion (£2.25bn) above existing initiatives by end 2027 to fund increased investments.
“Our iconic brands and innovative products connect with people every day, at every stage of their lives. These strengths give us a unique advantage and position us to win in the marketplace. We will now invest further in our brands and growth platforms to unlock the full potential of our products for our consumers and our customers,” Laurent Freixe, Nestlé chief executive, commented.
“Our action plan will also improve the way we operate, making us more efficient, responsive and agile. I am confident that we can deliver superior, sustainable and profitable growth and gain market share, while transforming Nestlé for long-term success.”
Nestlé confirmed its 2024 guidance, with organic sales growth of around 2 per cent, underlying trading operating profit margin of around 17 per cent and underlying EPS broadly flat in constant currency. Looking ahead to 2025, the company expects an improvement in organic sales growth compared to 2024, with the underlying trading operating profit margin anticipated to be moderately lower than the 2024 guidance.
Nestle last month lowered its outlook for 2024 to 2 per cent as the company reported falling sales for the first nine months of the year.
The consumer goods major, whose brands range from Nespresso coffee capsules to Purina dog food and Haagen-Dazs ice cream, had already cut its annual sales growth expectations from 4 per cent to 3 per cent in July.
The company on Tuesday said it expects organic growth to be over 4 per cent in the medium term, in a normal operating environment, with an underlying trading operating profit margin of over 17 per cent.
Nestle said the its new action plan will allow it to drive category growth and improve market share performance.
Actions will include targeted investments in winning brands and growth platforms, more focused innovation activities to drive greater impact, and systematically addressing underperformers.
Nestle will step up investment in advertising and marketing to support growth. The necessary resources will be generated through cost savings and growth leverage.
As part of the action plan to drive operational performance, Nestle’s water and premium beverages activities will become a global standalone business under the leadership of Muriel Lienau, head of Nestlé Waters Europe, as of January 1, 2025.
Nestle said the new management will evaluate the strategy for this business, including partnership opportunities.