Business

Administrators have selected a rival battery start-up based in Australia as preferred bidder for collapsed Britishvolt. EY confirmed on Monday morning that its team had chosen Recharge Industries – owned by US investment firm Scale Facilitation Partners – to acquire the “majority of the business and assets” of Britishvolt following its demise last month. The

Facing two counts of involuntary manslaughter and up to five years behind bars if found guilty, Alec Baldwin and Rust armorer Hannah Gutierrez-Reed are about to find themselves face-to-face in court with the director of the troubled indie Western and many members of the crew as witnesses in the criminal case against the duo for

Google looks set to unveil how it plans to rival the wildly successful ChatGPT AI, possibly within days. The technology giant has scheduled a 40-minute event for Wednesday 8 February, when it will reveal how it is “reimagining how people search for, explore and interact with information”. “Join us to learn how we’re opening up

Elon Musk continues to look for ways to make Twitter profitable and make back his investment. The new strategy takes aim at businesses and their brands on the social media platform. Well-known brands received a golden checkmark to distinguish them from the blue checkmarks, which now means they are subscribers of Twitter Blue. The gold

Netflix has said that updated measures to crack down on password sharing were posted by mistake. Following widespread disappointment on social media, with many threatening to cancel their memberships, the streaming giant claimed some new account rules being trialled in other countries had accidentally been added to its help pages elsewhere. While subscribers have been

EXCLUSIVE: When the announcement was made in January that Emma Donoghue had developed a play (with music) of her bestselling novel Room and the acclaimed film that followed – and that the play was heading to Broadway – plenty of New Yorkers were filled with questions (Londoners and Canadians had already seen the show). Some

The German automotive giant BMW is in talks with the government about a £75m funding package that would secure production of electric Minis at its Oxfordshire plant. Sky News has learnt that BMW is negotiating with officials at the Department for Business, Energy and Industrial Strategy (BEIS) over a grant from Whitehall’s Automotive Transformation Fund.

EXCLUSIVE: Deadline has learned that Hello Sunshine is shuttering its kids and animation business as part of a strategic decision to focus Candle Media’s kids and animation efforts under Moonbug, the family production studio the corp snapped up for a near $3 billion in November 2021.   Hello Sunshine will collaborate with Moonbug on future

Elon Musk did not deceive his investors when he tweeted in 2018 that he had the funding to take Tesla private, a jury has found. Investors had sought to sue the SpaceX owner for billions of dollars because his tweet caused Tesla’s shares to soar, only to crash 10 days later when it became clear

EXCLUSIVE: Artists First on Friday announced its signing of boxing Hall of Famer, Sugar Ray Leonard. Leonard enjoyed an elite, 20-year career in the ring before being inducted into the International Boxing Hall Of Fame in 1997, winning three National Golden Gloves titles, two Amateur Athletic Union championships and the 1975 Pan-American Games crown. He

London’s FTSE 100 Index has reached an all-time high at 7905 earlier this afternoon. The Financial Times Stock Exchange index of the 100 most valuable companies on the London stock exchange beat the previous record of 7,903.5 set in May 2018. It comes as central banks – including the Bank of England and the US

After expanding his role to include Nickelodeon Studios back in March, Paramount COO Andrew Gumpert is exiting the Melrose lot, effective this week. The announcement was just made by studio boss Brian Robbins tonight. We hear that Gumpert’s exit was amicable, with the exec telling staffers in Robbins’ memo (which you can read below): “I’ve

The energy regulator Ofgem has asked suppliers to suspend the forced installation of prepayment meters and review their processes for dealing with customers who have fallen into arrears. Sky News understands the regulator made the request on Thursday after it was revealed that debt collectors working for British Gas had forced their way into the

Sarah Huckabee Sanders, the former White House press secretary and newly elected governor of Arkansas, will deliver the GOP response after President Joe Biden’s State of the Union address on Tuesday. Sanders will deliver the address from Little Rock. Sanders served as President Donald Trump’s press secretary from 2017 to 2019. She then joined Fox

The Bank of England has raised UK interest rates by a further half percentage point to 4%, but gave its clearest signal yet that borrowing costs may now be nearing their peak. This was the Bank’s tenth successive interest rate increase, but in the accompanying documentation, it hinted that there is a chance it might

Sony Pictures Entertainment recorded $179 million in operating income for the third quarter ended December 31, 2022. That figure reps an 86% decrease on a dollar basis versus the same period last year, though it’s tough to compare apples to apples here since Q3 2021 had a massive assist from the phenomenal global box office

British Gas has suspended the use of court warrants to force-fit prepayment meters after a report alleged it sent debt collectors to break into customers’ homes to install them – ignoring their vulnerabilities. Centrica, the owner of British Gas, said in a statement that “all warrant activity” had been suspended and that protecting vulnerable customers

EXCLUSIVE: APA on Wednesday announced the promotion of Talent Department Coordinators Lindsey Wirkus and Joe Amato to Agents in the department. The elevations come at a time of major growth for the agency, which has in the last year vastly expanded its agent ranks, while bolstering the strength of its roster. APA has, just this

Britain’s second-biggest steel producer has been drawing up secret plans to axe hundreds of jobs even as it continues talks with ministers about £300m of taxpayer funding that would partly depend on decade-long employment guarantees. Sky News has learnt that British Steel has been discussing launching a consultation on around 800 redundancies, principally focused on

EXCLUSIVE: Sources tell us that former Warner Bros President of Production and Development Courtenay Valenti is nearing the end of her vetting process at Amazon Studios/MGM and is now negotiating her deal at the studio for a top film position. Back in November, it was announced that Head of Amazon Studios Jennifer Salke would have