Business

Hundreds of millions of pounds of taxpayers’ money is at increased risk due to a failure to conduct sufficient checks on the now-collapsed finance firm that David Cameron lobbied for, a committee of MPs has found. A a new report by the House of Commons’ Public Accounts Committee (PAC), on the lessons to be learned
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Nigerian-American Tomi Champion-Adeyemi, author of the best-selling young adult fantasy novel Children of Blood and Bone, has signed with CAA. The novel was published by Macmillan. Children of Blood and Bone marked Adeyemi’s first novel and is the first in the Legacy of Orïsha trilogy. The novel debuted at #1 on the New York Times best-seller list and
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Retail sales rose for the first time in six months during October, according to official figures, suggesting shoppers started their hunt for Christmas gifts early as pressure intensifies on household budgets. The Office for National Statistics (ONS) reported a 0.8% increase in volumes last month compared to September – with clothing among categories leading the
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The eastern leg of HS2 has been scrapped and plans for Northern Powerhouse Rail have been downgraded, Grant Shapps has confirmed. The transport secretary told MPs that a new £96bn Integrated Rail Plan for the north and the Midlands will instead deliver “faster” train journeys both earlier and cheaper than the original HS2 plans would
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EXCLUSIVE: LA-based market research and data analytics firm Screen Engine/ASI has acquired London-based outfit Tapestry Research as it looks to grow its global footprint. Tapestry was co-founded in 2014 by Kevin Thompson and Ian Wright, both of whom will continue to lead the company as Joint Managing Directors. They will also join the SE/ASI management
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Paramount+, the rebranded streaming service that went live last March, had its “most successful week ever” with more than 1 million new subscribers, according to ViacomCBS. The company has been in heavy promo mode for the service, especially with the industry fixated on streaming, but it has declined to break out its numbers from the
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The number might have surprised most economists, who were anticipating a figure slightly below 4% rather than slightly above it, but in another sense there’s nothing enormously surprising about today’s inflation figure, striking as it may be. Everyone expected CPI to rise sharply in October, as we saw the impact of higher energy prices on
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In what is said to be one of the biggest naming rights deals in U.S. history, Downtown L.A.’s Staples Center will become Crypto.com Arena, beginning Christmas Day. The deal between the Hong Kong-based cryptocurrency exchange and AEG is worth $700 million, according to multiple reports. As part of the deal, Crypto.com becomes “an official cryptocurrency
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EXCLUSIVE: Makeready has brought in Collin Creighton to be a producing partner alongside founder Brad Weston and oversee the company’s production slate. Creighton most recently served as Director of Original Studio Film at Netflix, where during his tenure he was instrumental in building out the company’s original film division, overseeing high-profile features including The Irishman,
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Netflix has struck a renewed long-term agreement with UK production facility Shepperton Studios. The site’s owner, Pinewood Group, also announced today that the site will be significantly expanded, with the new development totalling approximately 1 million sq ft of new production accommodation, and comprising 17 additional sound stages, in addition to the 14 that already
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Chancellor Rishi Sunak has hailed the “extraordinary success” of the furlough scheme as official figures suggest a “small” number of jobs were lost at its demise. The Office for National Statistics (ONS) reported a rise of 160,000 in payrolled employment between September and October. Treasury data had shown there were 1.14 million jobs on furlough
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Mickey Mouse’s Toontown at Disneyland will close in March 2022 to undergo a reimagining of the space which will cater to families with young children, theme park officials announced today. When Toontown reopens in early 2023, Disneyland officials said, Imagineers have envisioned all-new experiences so families and young children will have more opportunities to enjoy
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