Business

The rate of grocery inflation eased considerably over the past month, part-aided by a “jump in the amount of money spent on offers”, according to a closely-watched study. Kantar Worldpanel, which records supermarket sales and price data, said the annual rate of grocery inflation fell back to 11% over the four weeks to 1 October.

There are a few ways one could report the latest economic growth forecasts from the International Monetary Fund (IMF). The first way is to declare that Britain’s economy is heading for the buffers. Its economy will grow next year at the slowest rate in the G7 group of leading industrialised economies (0.6%). This is considerably

Worse financial pain is to come, as many people have not yet felt the full impact of the increased cost of borrowing, the Bank of England has said in one of its latest health checks of the UK’s financial system. Higher interest rates, currently at 5.25% after a run of 14 hikes, have not yet

In a podcast interview on WTF With Marc Maron that aired Thursday, Larry Charles talked about his creative thought process and how that approach works within the Hollywood system. Charles, a veteran writer/director of Seinfeld and Curb Your Enthusiasm, is a longtime collaborator with Sacha Baron Cohen (Borat, Bruno, The Dictator). He also has a

Santander UK has been approached to revive its financial crisis-era role as a white knight for failing British lenders as regulators seek to secure a quickfire private sector deal to shore up Metro Bank. Sky News has learnt that the Spanish-owned bank, NatWest Group and Lloyds Banking Group are among those approached by banking regulators

Rising Aussie actor CJ Bloomfield has signed with Industry Entertainment for management. Bloomfield recently wrapped filming the anticipated Mad Max: Fury Road sequel Furiosa alongside Chris Hemsworth and Anya Taylor-Joy. Directed, co-written and produced by George Miller, the standalone movie reveals the origins of Furiosa, played by Taylor-Joy in the title role. The movie tracks the

Wilko will shut the doors on its last remaining high street stores for the final time after the chain’s collapse. The 93-year-old retailer has been closing each of its 400 UK stores over the past month after collapsing into administration in August. Forty-one stores now remain but will close on Sunday. The shelves have already

EXCLUSIVE: Range founding partners Susie Fox, Mackenzie Roussos and Chelsea Mckinnies are departing the management company they were involved in launching more than three years ago. The trio resigned today, sources tell Deadline. Their destination is unclear, we hear it would likely be Management 360. Rumors have been flying this week that Fox, Roussos and

The board of Metro Bank rejected a secret takeover approach last month from a rival British lender, just days before its share price crashed when it emerged that it was seeking hundreds of millions of pounds to shore up its finances. Sky News can exclusively reveal that Shawbrook has tabled several bid proposals to Metro

EXCLUSIVE: Ozark and Inventing Anna star Julia Garner has signed with LBI Entertainment for management. Garner won three Supporting Actress in a Drama Series Emmy Awards for her role as Ruth Langmore in the popular Netflix drama series Ozark. Her third Emmy came in 2022 when she was also nominated in the Lead Actress in

The UK is on course for the biggest tax rise in at least 50 years because of the freeze on personal thresholds and soaring inflation, according to new analysis. The Resolution Foundation said taxpayers are set to hand over about £40bn a year by 2028 – up from a forecast of £30bn at the time

UPDATE: President Joe Biden touted the higher-than-expected jobs numbers as a sign that Bidenomics is working, but he had a take on why polls show Americans are still deeply unhappy about the state of the economy despite the rosy stats. It has to do with media coverage. “You all are not the happiest people in

One thing that quite often puzzles people who do not work in financial markets is their tendency to treat seemingly good news as bad. We got a classic example on Friday with news that US employers added 336,000 jobs in September. That was up from 227,000 in August (a figure itself revised higher from the

Rooster Teeth is moving its content from YouTube to its own website, a move designed to bolster revenue that will allow them to create more content. In a video posted to X, showrunner Kerry Shawcross said that “YouTube revenue is just not cutting it for us anymore.” He noted that watching a video on the

JD Wetherspoon has credited a surge in sales and reduction in costs for its first annual profit since the COVID pandemic. The value pub and hotel chain, which trades from 826 sites across the UK and Ireland, reported profit before tax for the year to the end of July of £42.6m. That compared to a

Attorneys for former President Donald Trump are seeking to have his election conspiracy criminal indictment dismissed because of presidential immunity. In a filing on Thursday, Trump’s legal team wrote that “the prosecution does not, and cannot, argue that President Trump’s efforts to ensure election integrity, and to advocate for the same, were outside the scope

Metro Bank has kicked off talks about the sale of a £3bn chunk of its mortgage book as part of an increasingly urgent attempt to shore up its fragile balance sheet. Sky News has learnt that advisers to Metro Bank – which saw its shares plunge on Thursday after acknowledging that it was seeking to

SAG-AFTRA and the Alliance of Motion Picture and Television Producers on just wrapped their second day of renewed talks over a new three-year contract with a plan to meet again on Friday and even further down the line. “SAG-AFTRA and the AMPTP met for a full day bargaining session and have concluded,” the parties said

The competition regulator is to investigate the dominance of Amazon and Microsoft in the UK’s cloud market. It follows a study by the telecoms watchdog Ofcom which “identified features that make it more difficult for UK businesses to switch and use multiple cloud suppliers”. Ofcom added: “We are particularly concerned about the position of the

(Updated with Harvey Weinstein lawyer statement) Disney, CAA and Miramax are being sued by Julia Ormond over an alleged sexual assault by Harvey Weinstein in 1995. While the Legends of the Fall actress does not name her then-agents Bryan Lourd and Kevin Huvane or former Disney executives Jeffery Katzenberg and Michael Eisner in the filing