Business

Cinema group Cineworld has secured an additional $200m of incremental loans from existing lenders as it looks to ride out the ongoing pandemic. The loans mature in May 2024. The company has also agreed covenant amendments on certain of its existing debt facilities, including reducing the minimum liquidity requirement and relaxing limitations on the use

NatWest has restored shareholder dividends after swinging back into profit, significantly beating expectations. The state-backed bank posted a pre-tax profit of £2.5bn for the six months to June, compared with a loss of £770m the year before. It makes NatWest the latest bank to smash forecasts, following on from both Barclays and Lloyds earlier this

WWE Corp., which was put in a figure-four leg lock in 2020 by Covid-19, broke free in the second quarter and beat Wall Street estimates for revenue and earnings per share. Total revenue of $265.6 million gained 19% from a year ago, with the wrestling entity crediting improved monetization and an uptick in live event

The US economy has recovered to surpass its pre-pandemic peak according to official figures – though growth was slower than expected in the latest quarter. Robust consumer spending fuelled by vaccinations and government stimulus helped gross domestic product (GDP) grow at an annualised rate of 6.5% in the April-June period, according to the bureau of

A big comeback for NBCUniversal paced Comcast’s results in the second quarter as the media giant beat Wall Street forecasts. Total revenue climbed 20% to $28.5 billion, while earnings per share increased 22% to 84 cents. Wall Street analysts had expected earnings of 67 cents a share and revenue of $27.2 billion. At NBCU, adjusted

The competition watchdog has imposed fines totalling £100m in the latest case of so-called price gouging that saw patients lose access to a free drug on the NHS. The Competition and Markets Authority (CMA) found that pharmaceutical company Advanz charged “excessive and unfair prices” for supplying liothyronine tablets, which are used to treat thyroid hormone

Gawker, the digital brand whose gimlet-eyed but often caustic tone won it many fans but plenty of enemies, has been brought back to life by Bustle Digital Group. Leah Finnegan, who was a staffer at the original Gawker, is the editor-in-chief of the new version. It joins a portfolio of brands including Bustle, Nylon and

Travel bosses have hailed the loosening of COVID rules for US and EU travellers as a move that would “get global Britain back in business”. Shares in British Airways owner International Airlines Group rose more than 3% while there were also rises for easyJet, Ryanair, Tui and engine maker Rolls-Royce. Cruise operators Carnival and Saga

Clarence “Mac” McDonald, a keyboardist who played with such legends as Ray Charles, Aretha Franklin and Ella Fitzgerald and produced the Emotions’ No. 1 smash “Best of My Love” and many others, has died. He was 76. His wife, Susan McDonald, said he died July 21 in Las Vegas. During a career that spanned more

Airlines are putting pressure on the government to exempt fully-vaccinated Americans and EU visitors from quarantine on their arrival to the UK. Amid widespread reports ministers could announce such a move as early as Wednesday, British Airways and Virgin Atlantic – as well as Heathrow Airport – have claimed a recent trial demonstrates how international

The Corona Police Department reported that at approximately 11:45 p.m. on Monday night its officers responded to a call for service at The Regal Edwards Corona Crossings RPX theater. Upon arrival, officers located a male and female both suffering from gunshot wounds. The 19-year-old male, from Corona, was transported to a local hospital with life-threatening

Morrisons’ largest shareholder has said it is “not inclined” to back a £6.3bn takeover deal agreed by the supermarket’s board. Investment firm Silchester, which holds a 15.1% stake in the group, said the board should allow more time for offers to emerge that might better the bid from the consortium led by Fortress Investment Group.

More than six months after the attack on the U.S. Capitol, viewers will get to hear firsthand accounts of what happened on January 6 at the first hearing of a select House committee set up to investigate the insurrection. Broadcast and cable networks plan to carry all or parts of the first hearing of the

Moonpig, the online greeting card and gift retailer, has reported a doubling of annual revenue and profits as lockdown restrictions on shoppers boosted demand. While high street rivals were forced into hibernation as part of efforts to curb the spread of COVID-19, the company benefited from almost 51 million transactions as customers flocked to mark

EXCLUSIVE: The WGA racked up more than $4.6 million in legal bills to win its historic victory over the major talent agencies.The nearly two-year-long legal battle, which began in April 2019 and ended in February 2021, will phase out packaging fees by June 2022 and limit a franchised agency and its owners to owning no

Kwasi Kwarteng, the business secretary, has ordered officials to launch a national security probe into the £2.6bn takeover of Ultra Electronics, a key supplier of military technology, by Cobham, the former London-listed defence group. Sky News has learnt that Mr Kwarteng has told civil servants at the Department for Business, Energy and Industrial Strategy (BEIS)

On Saturday, the Los Angeles County Department of Public Health reported 10 new deaths from Covid-19, and 2,600 new positive cases. While the number of deaths and confirmed cases reported today may reflect delays in weekend reporting, today’s data brings the County to a total of 24,624 deaths and 1,281,760 positive cases. At time of

Heathrow Airport has urged the government to reopen the UK economy to fully vaccinated travellers from the European Union and United States by the end of the month after revealing coronavirus crisis losses of almost £3bn to date. The company said expensive COVID-19 testing requirements were hampering an effective reopening of the skies while it

Roadrunner: A Film About Anthony Bourdain kept its spot in the North American top ten for week two in 954 theaters – up by 27 — with an $830,000 estimated gross for the three days, leading the specialty box office. As per Focus Features, that was a total cume of over $3.7 million for the

Zopa, one of Britain’s biggest digital financial services providers, is in talks with investors about a £100m capital injection that will put it on course to become the country’s latest fintech ‘unicorn’. Sky News has learnt that Zopa has hired JP Morgan, the Wall Street investment bank, to advise on what is expected to be

Jobs and earnings for SAG-AFTRA members have “rebounded and reached a new high in the first months of 2021, with streaming and commercials showing significant growth,” the union said Saturday night following an all-day meeting of its national board of directors. “We’re very pleased that the Covid safety protocols that we worked so hard with