Business

Cineworld’s London-listed holding company is preparing to file for administration as part of a comprehensive financial restructuring that will wipe out its shareholders. Sky News understands that the multinational cinema operator is lining up AlixPartners to act as administrator to help effect a transfer of ownership to its lenders. An announcement is expected to be

EXCLUSIVE: The WGA pickets has at least temporarily shuttered It Ends with Us, a movie that has been shooting in various locations that include Weekawken and Jersey City, New Jersey.  Blake Lively and Justin Baldoni are starring and Baldoni is directing the film adaptation of Colleen Hoover’s bestselling novel, which Christy Hall adapted. The film was first picketed

Basic wage increases picked up pace at a higher rate than expected in the 12 months to April, according to the latest official figures. The Office for National Statistics (ONS) said average earnings, excluding bonuses, grew at 7.2% over the 12 months – up from the 6.7% recorded in March and higher than the 6.9%

EXCLUSIVE: On the eve of Sheffield DocFest, Raul Niño Zambrano has been appointed creative director of the U.K.’s leading all-documentary festival, a position he held for the past year on an interim basis. Sheffield DocFest’s board of trustees confirmed the appointment Tuesday, as the 30th edition of the festival prepares to open in the historic city

Next weekend’s security staff strikes at Heathrow have been postponed as Unite, the union, considers a pay offer. Last week security staff at the UK’s largest airport announced an escalation of strike action, with walkouts to take place nearly every weekend from mid-June to the end of August. Two thousand staff were due to strike

The winners of this year’s recipients of the Walter Cronkite Awards had a common theme: Combating misinformation. So when award sponsor USC Annenberg’s Norman Lear Center held a National Press Club luncheon for the honorees last week, there was a bit of reminder of the stakes: During the ceremony news unfolded of the unsealing of

HSBC’s UK boss has warned that mortgage costs have further to rise but it is “trying to limit the pain”. Ian Stuart told Sky’s Ian King Live it had 300,000 customers coming off fixed rate deals this year and admitted they faced a shock in the current market. “If you took a mortgage maybe two

While she was ebullient about Leopoldstadt‘s Tony Awards wins, including a crowning one for Best Play, producer Sonia Friedman offered some sobering thoughts about plays of its scale and cost Sunday night. “Oooh, this is a big conversation,” Friedman said when asked about the challenges of producing a show like Tom Stoppard’s multi-layered look at

The prime minister is lining up a technology entrepreneur who co-founded the music industry business Songkick to spearhead a £100m government taskforce set up to forge Britain’s future artificial intelligence capability. Sky News has learnt that Ian Hogarth, who is now an investor in dozens of start-ups, is a leading candidate to chair the Foundation

Two years ago, during the lockdown, I wrote that I had become addicted to those little bird-box libraries that make walking here something of a literary pilgrimage. I’m still addicted. And almost two months ago, just before the writers strike began, I made a charming discovery–that one of my neighbors is a Very Famous Writer–

Homeowners are being hit with a “Tory mortgage penalty” of £7,000, Labour has claimed, with interest rates triple what they were two years ago. Pat McFadden, shadow chief secretary to the Treasury, blamed what he called the “reckless economic gamble” taken by Liz Truss and Kwasi Kwarteng during their short stint in power. Labour’s analysis

Keep calm and carry on, advises the Internal Revenue Service. That’s after thousands of Californians were thrown into a panic this week when presented with demands that they pay their taxes owed in the next three weeks. The notices came even though those in counties considered affected by severe winter storms, flooding, and mudslides were

Greggs says it wants to open new stores in Cornwall and the South West of England – in a move that could put the bakery chain toe-to-toe with traditional Cornish pasty makers. The company’s boss, Roisin Currie, says the company is on track to open 150 new shops nationwide this year – and could open

About 24 hours after a federal indictment against Donald Trump was unsealed, the former president appeared at a Georgia rally and not at all surprisingly blasted the Justice Department and mocked special counsel Jack Smith. His comments to a crowd in Columbus, GA reflected the stream of Truth Social posts that he posted after the

The crisis-hit hedge fund Odey Asset Management has offloaded its stake in AO, the London-listed electrical goods retailer, suggesting that it may be unable to stall a fire-sale of assets amid a wave of sexual misconduct allegations against its founder. Sky News has learnt that the firm set up by Crispin Odey was the seller

Billy Ray and Todd Garner are back for Week 6 of the Writers Guild standoff on Deadline’s Strike Talk podcast. Click below to listen. This week, our hosts look at what the seismic developments of the past week will mean. Hailing it as groundbreaking, the Directors Guild agreed tentatively to a deal, and will bring it to membership shortly. At the

The government has wobbled on the oil and gas windfall tax, reflecting a growing government concern about the effect of the 75% marginal rate on a sector that supports over 200,000 jobs. It is worth pointing out that the promised relief is dependent on fossil fuel prices falling beyond a certain level for two consecutive

3rd UPDATE, 1:40 PM: Improving air quality conditions in New York City today has seen the Writers Guild of America East return to the picket line. After nearly two days of no action by striking scribes as the Northeast has been coated in hazardous air from over 400 wildfires blowing down from Canada, masked WGA

The government is scaling back the windfall tax on bumper oil and gas profits in response to fossil fuel companies warning they are cutting back on investment. Prices had reached historic highs following the invasion of Ukraine, resulting in record profits for oil and gas producers such as Shell and BP. The windfall tax –

Late-night comedy has been in reruns, or off the air entirely, since day one of the Writers Guild’s strike. But many of their current and former writers have banded together to put on a weekly YouTube show called Contract TK that satirizes the news, lampoons the company bosses, and promotes the goals of the strike,