Lenders to Matalan, one of Britain’s biggest budget retailers, are preparing for crunch talks about the chain’s future financing against a backdrop of soaring inflation and deepening economic gloom. Sky News has learnt that Matalan’s senior bondholders are lining up Perella Weinberg Partners to advise them on their options with a £350m repayment due to
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President Joe Biden will headline two fundraisers on Friday as he winds down his swing through Los Angeles, raising money for the Democratic National Committee at the events that are expected to draw a significant number of Hollywood donors. The president first will attend an event at the Brentwood home of Andrew Hauptman, co-founder of
The £100 tank of unleaded petrol is another milestone on the relentless upward path of fuel prices. Watching the price click in to three figures for the first time will draw the breath of anyone filling the 55-litre tank of a family saloon. But whichever way you count it, prices have been kicking consumers in
Candy, the limited series rolled out by Hulu in a Monday-to-Friday, one-episode-a-day pattern, pulled in 577 million minutes of streaming to finish sixth on Nielsen’s weekly chart for May 9 to 15. It was the best debut by any Hulu title since the most recent season of The Handmaid’s Tale hit the platform in May
The average cost of filling a typical family car with petrol costs more than £100 for the first time, the RAC has said. The situation will likely worsen the cost of living crisis for motorists and for customers, as businesses will at some point look to pass on their rising costs. RAC fuel spokesperson Simon
The Directors Guild of Canada BC has reached a tentative agreement for a new contract covering films and TV shows shot in British Columbia. “As of this afternoon, the DGC BC has reached a tentative agreement with the AMPTP and the Canadian Media Producers Association,” the guild said in a statement. “We are finalizing the
The cost of filling the average family car with petrol is tipped to have exceeded £100 for the first time, when industry figures are released later on Thursday. The price of fuel has been a major component of the cost of living crisis from the off, with diesel – the engine of the UK economy
Pluto TV, which was founded in 2013 and has grown into a key asset in the portfolio of Paramount Global, is finally about to do business in Canada. The free streaming outlet, which is already in more than 30 countries and territories, will expand to Canada this fall through an agreement with Corus Entertainment. It
Rishi Sunak has been urged by one of the world’s leading economic authorities to cut taxes or raise spending in the face of looming stagnation next year. The UK is poised for the weakest economic growth in the developed world next year, according to new forecasts from the Organisation for Economic Co-operation and Development. In
The top two Los Angeles races in today’s primary election look to have both kicked the can down over to November. Based on early results, Rep. Karen Bass and developer Rick Caruso will face-off in a runoff election in six months, as neither Democrat garnered more 50% of vote to win outright their bid to
Three-quarters of Londoners worked from home at least one day a week in spring 2022, according to new research from King’s College London’s Policy Institute and Business School. This is a marked shift from before COVID-19, when less than half as many Londoners worked from home. The researchers surveyed more than 2,000 people with a
Dear Evan Hansen, the Tony, Grammy and Olivier Award-winning musical, will play its final Broadway performance on Sunday, September 18, nearly six years after opening at the Music Box Theatre, producers announced today. At closing, the musical will have played 1,678 regular performances and 21 preview performances, making it one of the 50 longest-running Broadway
Thousands of railway workers are planning to strike on three days later this month in the biggest outbreak of industrial action since 1989, according to the RMT union. It said that more than 50,000 of its members across Network Rail and 13 train operators across the UK will walk out on 21, 23 and 25
Queen’s Brian May and Roger Taylor this weekend confirmed to the BBC that the band would be releasing a new song featuring the band’s late, legendary frontman, Freddie Mercury, called “Face It Alone.” Taylor called it, “a little gem from Freddie,” culled from the sessions for their 13th studio album, The Miracle, which was released
The London Metal Exchange (LME), one of the world’s most important commodity trading hubs, is being sued by a US hedge fund for $456m (£363m). The lawsuit, filed by Elliot Management at the High Court in London last week, alleges that the LME acted “unreasonably and irrationally” when it decided to cancel trading on a
EXCLUSIVE: Cavalry Audio, the podcast division of Cavalry Media, is premiering today its new limited series podcast, X Marks the Spot: The Legend of Forrest Fenn. The show is comprised of 9 episodes and follows Forrest Fenn, a New Mexico art dealer who, in 2010, reportedly buried $2 million in gold somewhere in the Rocky
Retailers, along with pubs and restaurants, have enjoyed a “welcome boost” from the four-day weekend celebrating the Queen’s Platinum Jubilee, according to two measures of consumer spending. Early data covering sales and the volumes of people out and about for the public holiday suggested Britons spent heavily on having fun with friends and family following
UPDATE: Stoney Westmoreland, charged with attempting to lure a minor into sex, has been sentenced to two years in federal prison and ten years of supervised release. Westmoreland copped a plea deal with prosecutors after the actor originally faced a ten year sentence,. But he was allowed to plead down to a lesser charge of
A four-day week with no loss of pay is being trialled at dozens of companies across the UK from today. Firms from a variety of industries are taking part, including banking, hospitality, care, and even animation studios. They will still give their workers 100% of their pay, on the understanding that they maintain maximum productivity.
EXCLUSIVE: UTA has signed filmmaker Pawo Choyning Dorji, who this year brought Bhutan its first-ever International Feature Oscar nom with Lunana: A Yak in the Classroom, for representation. Dorji’s feature directorial debut is a drama about a young teacher who dreams of emigrating to Australia, only to find himself assigned to a school in the