Britain’s two fastest-growing online used-car marketplaces are racing to raise staggering sums of capital as they seek to reshape an industry boasting €400bn (£343bn) in annual sales across Europe. Sky News can reveal that Cinch, which is part of the private equity-backed Constellation Automotive Group, is in talks with a syndicate of global blue-chip institutions
Business
The coronavirus pandemic may be ebbing for many in Hollywood, but the Covid lawsuits could soon surge as an action against Universal Television by an axed crew member appears to portent. In a heart wrenching disability discrimination lawsuit filed today in LA Superior Court, William Pavlu detailed how he was dropped from a Universal TV
Britain’s third-biggest steel producer has asked ministers to approve an emergency bailout of as much as £170m as it teeters on the brink of collapse. Sky News has learnt that GFG Alliance, the conglomerate headed by Sanjeev Gupta, wrote to the government late this week to request the emergency funding with thousands of jobs hanging
Hot on the heels of Mike Tyson lacing them up vs. Roy Jones last September, 11-time world champion Oscar De La Hoya on Friday announced his return to the ring. De La Hoya strode onto the stage as Snoop Dogg was talking up his Triller Fight Club 2021 event on April 17. Talking about De
More than 44,000 Asda workers have won the latest leg of their equal pay claim with bosses through a Supreme Court ruling, paving the way for a legal battle that could last years. The UK’s highest court backed a Court of Appeal judgment that store staff are entitled to compare themselves to distribution staff for
Fox News is the latest legal target of Dominion Voting Systems. The company has sued the Fox Corp. TV network for $1.6 billion for spreading false information about the 2020 election. Dominion has sued several others it accuses of perpetuating the erroneous claims that its machines were manipulated in order to tilt the results in
Thousands of firms are to be refused business rates discounts claimed due to the pandemic in what has been described as a “catastrophic blow”. The Treasury said that it would legislate to throw out the claims – which it has been estimated could have cost it £5bn – and will instead set up a £1.5bn
EXCLUSIVE: Author Adalyn Grace, whose first novel All the Stars And Teeth debuted at #2 on The New York Times Young Adult Hardcover bestseller list, has signed with APA for film and television. The novel, published by Macmillan in 2020, is set in a kingdom where danger lurks beneath the sea, mermaids seek vengeance with
Online fashion retailer Boohoo says it has cut its network of suppliers by more than 400 firms as it moves to restore faith in its products following allegations of slave labour. The company – among the big winners during the COVID-19 pandemic partly thanks to the fact it was shielded from the enforced closure of
Cineworld Group today reported its first-ever annual operating loss with the figure dropping over $2.98B in 2020 as compared to 2019. The previous year had seen profits of $724.7M while the period ended December 31, 2020 was at a negative $2,257.7M. The results were severely impacted by the Covid pandemic which forced the group to
There are at least three key messages that come from the store closures detailed by the John Lewis Partnership today. The first underlines the extent to which a hurricane is blowing through physical retail as sales shift online. The partnership, which also owns the Waitrose grocery chain, said today it now expects between 60-70% of
Facebook chief executive Mark Zuckerberg laid out his most specific set of remedies yet for how the government should modify Section 230, a decades-old rule that gives Internet platforms like his sweeping legal immunity from all posted content. In prepared testimony ahead of an appearance on Capitol Hill Thursday, Zuckerberg suggested removing the blanket immunity
The John Lewis Partnership has revealed plans to close a further eight stores, leaving 1,465 jobs under threat. The company, which includes the Waitrose supermarket brand, had warned earlier this month while revealing annual losses of £517m that it did not expect to reopen all its John Lewis sites when COVID-19 restrictions are due to
It is extremely ironic that on the same day when Warner Bros. throws in the towel on its day-and-date HBO Max theatrical release plan (for 2022) that Disney would take one of their most highly anticipated Marvel movies, Black Widow, and move it to a day-and-date theatrical Disney+ PVOD plan after the muted performances of
Second home owners face a clampdown over a tax loophole that can save them money by claiming the properties are available for holiday lets. Currently 60,000 properties classed as holiday lets are liable for business tax rather than council tax, which in the vast majority of cases currently means paying nothing at all. The Treasury
A new poll of 900 Californians shows embattled governor Gavin Newsom narrowly beating the recall vote he seems almost certain to face this fall. Of likely voters, 52.5% say they would vote against recalling the governor. In that same category, 34.6% say they would vote in favor of the effort. Among all voters, the delta
Cineworld has revealed plans to reopen screens in its biggest markets, including the UK, but said nothing about how it will staff cinemas after effectively axing up to 45,000 workers six months ago. The world’s second-largest cinema operator temporarily laid off staff – almost 6,000 of them in the UK – last October as movie
Silicon Valley alum Alice Wetturlund has responded to sexual misconduct allegations made against the HBO series’ star, Thomas Middleditch. “Tried to warn you all about Middleditch but noooooo,” Wetterlund tweeted on Sunday, “not everyone’s favorite tinyman who looks like he lives in a clock!” Tried to warn you all about Middleditch but noooooo not everyone’s
Travel shares have dropped sharply on growing fears of another lost summer for foreign holidays. British Airways owner International Airlines Group (IAG) was the biggest faller on London’s FTSE 100, losing 5%, with aircraft engine maker Rollls-Royce not far behind, shedding 4%. Shares in easyJet fell 5% while Dublin-based rival Ryanair was nearly 3% lower,
Jeff Taylor, who joined Fox Corp. in 2019 as EVP and chief litigation counsel, has been promoted to general counsel. The company also appointed a deputy to Taylor whose role will be designed to facilitate Fox’s step-up in sports betting activities. In a press release, Fox said Taylor will “oversee the company’s legal function.” Claudia