Business

Disney missed Wall Street forecasts in its fiscal fourth quarter amid a slowdown in streaming, despite a swing back to profit from the depths of the Covid-bedeviled 2020 quarter. The company’s stock slipped almost 5% in after-hours trading due to the report. It had fallen a fraction during the trading day to close at $174.53

The annual rate of inflation in the US has hit its highest level in more than three decades, fed by faster than expected rises in the cost of fuel and food. The headline consumer prices measure rose to 6.2% in October – a level not seen since 1990 – after a 0.9% surge on the

The tech division of Weta Digital has been sold in a $1.625 billion deal. Weta Digital is Peter Jackson’s Wellington-based empire known for its work on The Lord of the Rings, Avatar, Game of Thrones and many other major film and TV properties. The acquiring company is Unity, an interactive 3D firm. The acquisition encompasses

Marks & Spencer has swung back into the black after a pandemic-induced slump but warned of the impact of supply chain strains and higher labour costs over coming months. The retailer reported a profit of £187.3m for the six months to 2 October compared with a loss of £87.6m a year earlier – helped by

Here’s Apple CEO Tim Cook’s favorite line from the first two seasons of Ted Lasso: “There’s two buttons I never like hitting. That’s panic and, snooze.” (Says Jason Sudeikis’ Coach Lasso when asked about his team’s losing streak). “I love that. I love that,” Cook told The New York Times DealBook Online Summit. “He has

The pugilistic chairman of JD Wetherspoon has revived a long-running feud with investor groups over corporate governance at the listed pubs operator amid threats of a fresh revolt at this month’s annual meeting. Sky News has learnt that at least two shareholder advisory services are recommending protest votes on issues including boardroom diversity and the

Day N Vegas Monday night announced Post Malone as the new headline act for Saturday, Nov. 13. He replaces Travis Scott who had been slated for the slot but pulled out following the tragedy at Travis’ music festival Astroworld when eight people died during Scott’s performance. The three-day Day N Vegas festival will take place

Shoppers are buying Christmas gifts earlier than usual because of worries about supply chain problems, new figures suggest. A poll by Barclaycard showed that around a third said they were changing their approach to festive shopping this year due to fears over shortages, with more than half of these bringing forward purchases. The figures were

EXCLUSIVE: Sugar23 has signed actor, comedian, and best-selling author Sarah Cooper. Cooper, who is represented by Sugar23’s Meredith Wechter and Anna Weinstein joins a roster of top talent that includes Keanu Reeves, Steven Soderbergh, Diane Lane, Jeremy Strong and Josh Gad. Cooper’s books How To Be Successful Without Hurting Men’s Feelings and 100 Tricks to Appear Smart

JD Sports has said it is not “suspicious or illegitimate” for its executive chairman Peter Cowgill to meet his opposite number at rival Footasylum – as it responds to the publication of footage in a newspaper. The Sunday Times said the footage showed Mr Cowgill meeting Barry Bown in a car park near Bury in

Vaccinated passengers are finally able to enter the United States from the UK, bringing an end to almost two years of coronavirus restrictions. Thousands of travellers will jet off on transatlantic flights for long awaited reunions with family and friends, while British Airways and Virgin Atlantic will operate a synchronised departure from Heathrow to celebrate

At the exit to a gallery in the Academy Museum of Motion Pictures is a display of opinions about the future of cinema. For example: “THE FUTURE OF CINEMA IS INCLUSION NOT EXCLUSION” –Kimberly Steward                                         

An investment vehicle which began building a stake in the London-listed gambling software group Playtech earlier this year is weighing plans for a £3bn takeover of the company. Sky News has learnt that Gopher Investments is working with bankers at Rothschild on an offer that would trump a recommended bid announced last month from Aristocrat

On Saturday, the Los Angeles County Department of Public Health reported 25 new deaths from Covid-19, as well as 1,647 new positive cases. The number of deaths and confirmed cases reported today may reflect delays in weekend reporting. But at present, 664 County residents are hospitalized with Covid-19. Covid test results have now been made

Brexit is done, and for many, there’s genuine relief it’s over. But ongoing disagreements and post-treaty disputes are having real world costs to businesses who say they feel let down and misled by the Brexit process. The row over fishing rights and the threat of retaliatory action from the French have already cost one oyster

President Joe Biden took a bit of a victory lap at the White House the morning after the House passed a $1.2 trillion infrastructure bill, after a wrenching process by Democrats to unite their progressive and moderate wings. Appearing with Vice President Kamala Harris, Biden said that there would be a formal signing ceremony “soon.”

Abrdn, the FTSE-100 asset manager, is in advanced talks to buy Interactive Investor (II) for more than £1.5bn – a deal that will hand it control of one of Britain’s three big DIY stock-picking platforms. Sky News can reveal that abrdn, headed by Stephen Bird, is in exclusive negotiations to acquire II and hopes to

Officer Michael McMahon, who maintains he is a 14-year veteran of the LAPD, said today in the video posted to social media that he had just been “relieved of duty” for refusing the city’s vaccination mandate for all employees, including police. “I did just leave the captain’s office a few minutes ago,” said McMahon in

The UK’s five biggest supermarkets will try to halve the environmental impact of a weekly food shop by the end of the decade. It is the latest climate promise made during the COP26 summit in Glasgow, and it comes as the UK announces it will lead 45 governments in moving towards more sustainable ways of