The UK’s most influential commercial property organisation is wading into a battle over the future of the Japanese-owned car park operator NCP. Sky News understands that the British Property Federation (BPF) has begun convening calls for NCP landlords next week as they face demands to write off substantial rent arrears. A group of landlords is
Business
Influential proxy advisor Institutional Shareholder Services (ISS) is recommending stockholders vote against AT&T’s executive compensation plan at its April 20 annual meeting after the company granted WarnerMedia CEO Jason Kilar a stock award valued at $48 million. Kilar’s base salary, at $2.5 million, was above that of current and former AT&T CEOs John Stankey and
Jet2’s chief executive says the travel company will suspend flights and holidays until at least 23 June due to uncertainty over the government’s travel proposals. Steve Heapy said he had been “extremely disappointed at the lack of clarity and detail” in the plans, which were announced overnight. He added: Because of the continued uncertainty that
Facebook founder-CEO Mark Zuckerberg’s compensation totaled $25.3 million last year but that was almost all for security – he continued to take a base salary of $1 — reflecting his role as founder and CEO of a company that’s polarized public opinion. The “all other compensation” category, usually minimal for most corporate executives, included more
The owner of the vast Stanlow oil refinery in north-west England is in urgent talks about its future amid growing concern that it could be nearing collapse. Sky News has learnt that Essar Oil UK, which bought the site at Ellesmere Port from Shell in 2011, has been in discussions for weeks about efforts to
For fans of the Hollywood Bowl, the lack-of-shell shock is nearly over. After being closed for more than a year, the storied venue said today that it will reopen in July for 14 weeks of concerts with limited capacity and other Covid safety protocols in place. “We are immensely grateful for the support you have
A traffic light system that will categorise countries based on their COVID-19 risk levels is part of potential plans to safely restart foreign holidays. This approach has been recommended by the government’s Global Travel Taskforce, which suggests international travel could resume from 17 May at the earliest in an “accessible and affordable way”. It may
Bizparentz Foundation, the nonprofit organization that’d been advocating for child actors and their parents since 2004, has relaunched its website, featuring more than 100 articles – and over 1,000 links to support them – on a variety of issues affecting child performers, including taxes, tips on avoiding talent scams, navigating union contracts and money held
Most airlines have struggled during the coronavirus pandemic, but two newbies are bravely planning to enter the US market in the coming months. Avelo Airlines announced on Thursday that it will start flying later in April to 11 destinations from its hub in Burbank, California. It currently has three Boeing 737 jets but plans to
EXCLUSIVE: Poldark and The Hobbit trilogy star Aidan Turner has signed with ICM Partners for representation in all areas. Turner is best known for starring as the title character in BBC’s hit series Poldark, a role which has earned him multiple awards, including the Radio Times Audience Award at the 2016 BAFTA TV Awards. The Irish
The Co-op Group will risk igniting a reputational row on Thursday when it announces that it will not repay all of the government funding it received during the pandemic – despite its 2500 food stores remaining open throughout. Sky News has learnt that Britain’s biggest mutual will commit to a partial repayment of state support
EXCLUSIVE: Leaders of the Directors Guild of America have sent a direct appeal to Georgia Gov. Brian Kemp, urging him to withdraw his support for the state’s restrictive new voting law, saying it “threatens to undermine the pillar of our democracy – the right to vote.” The 18,000-member guild has more than 400 members who
HSBC is planning to move more than 1,200 of its staff to permanent work-from-home contracts, according to a report. Around 70% of the bank’s 1,800 call centre staff serving UK retail customers from bases in England, Wales and Scotland volunteered not to return to the office, according to the Unite. The union told news agency
Roku, one of the dominant U.S. streaming providers, says viewing on its platform of the NCAA Men’s Basketball Tournament rose 75% over 2019 levels. TV streaming reach, defined as the number of Roku households streaming channels carrying tournament games during their live window, increased by almost 87%, Roku said. About 58% of traditional linear TV
The chief executive of Virgin Media is to take the helm of Britain’s biggest mobile network operator, it will announce this week as it seeks regulatory approval for its £31bn tie-up with O2. Sky News has learnt that Lutz Schuler, who has run Virgin Media since mid-2019, will be named on Wednesday as chief executive
FilmLA is raising prices on a wide range of permit fees in order to return its finances to pre-pandemic levels – eight years from now. The new rates, which are going up by about 13-15%, will take effect on May 1. It’s the first time fees will have increased since July 2019. The agency was
The global recession would have been three times deeper had governments not stepped in to rescue their economies, the International Monetary Fund has said, in its most positive outlook for the global economy since the onset of the pandemic. In its latest update on the state of the global economy, the Fund upgraded its outlook
Michael Eisner’s Tornante Company is backing an initial public offering for sports trading card company Topps Inc., with the former Disney boss set to remain chairman. The $1.3 billion public move will be the result of a merger with a SPAC, one of the popular investment vehicles also known as blank-check companies. A range of
Alex Cruz, the former British Airways (BA) boss, has been approached about becoming the new chief executive of SAS, Scandinavia’s biggest airline. Sky News has learnt that Mr Cruz, who left BA last autumn, is among a small number of candidates identified by the partly state-owned carrier to succeed Rickard Gustafson. The status of discussions
The Producers Guild of America has joined the growing chorus of Hollywood guilds opposed to Georgia’s restrictive new voting laws. “The Producers Guild of America strongly opposes the Georgia voter bill as an attempt to restrict the votes of underrepresented groups, particularly Black Americans,” the PGA tweeted this evening. “Full access to voting is the