Business

Why energy shares didn’t suffer in response to windfall tax expansion Ian King Business presenter @iankingsky During recent days there have been suggestions in the stock market that investors were being too pessimistic about the windfall taxes likely to be lumped on electricity generators. Happily, for shareholders of those companies, that has proved to be

EXCLUSIVE: WME has signed writer-director Geremy Jasper for representation. Jasper’s first feature film, Patti Cake$, was a breakout hit at the 2017 Sundance Film Festival. The film played at the 2017 Cannes Film Festival Directors’ Fortnight and was released theatrically by Fox Searchlight over the summer. Additionally, Jasper also wrote all the movie’s original songs,

Here are all the main announcements from Chancellor Jeremy Hunt’s autumn statement to MPs: • Energy bill aid for households extended beyond April for a further year through energy price guarantee, but average annual bill will be £3,000 from current £2,500. Amounts to around £500 support for households. • Additional cost of living payments next

Mel Gibson will not be taking the strand in Harvey Weinstein’s rape trial. Prosecutors wouldn’t reveal in Judge Lisa Lench’s Los Angeles courtroom today why they’ve decided not to have the Oscar winner testify after all. However, Deputy District Attorneys Paul Thompson and Marlene Martinez made it very clear that Gibson will not be trekking down

A Chinese-owned tech company has been told to sell the majority of its stake in a UK silicon chip factory due to security concerns. The government has said Nexperia must reduce its stake in Newport Wafer Fab by 86%, back to its previous holding of just 14% when it took over the firm in 2021,

NBCUniversal says its comprehensive One Platform offering has reached “key operational milestones” since launching in early 2020. The advertising technology, data, and measurement offering now has reach to 1 billion consumers in 150 countries via partnerships with Sky Media, Apple, YouTube, Twitter, Snap, RTL and other entities. In a press conference this afternoon, the media company also

There has been a higher than expected leap in the rate of inflation, to a 41-year high of 11.1% last month, led by the latest rise in energy bills. The Office for National Statistics (ONS) revealed the increase, from 10.1% in September, as the cost of light and heating for homes rose further despite help

Donald Trump did draw the media spotlight for his presidential announcement speech on Tuesday, but the networks varied in how they approached the event, carrying parts of it and cutting away at others. The coverage perhaps offers a glimpse of how Trump will be covered as he embarks on his third presidential bid — certainly

The Chinese owner of Thomas Cook is exploring the sale of a stake in the famous British holiday brand three years after its ignominious collapse. Sky News has learned that Fosun Tourism Group is examining options including raising capital from an outside investor in the coming months. Industry sources said on Tuesday that Fosun was

Lionsgate this week has started the formalities around spinning off its studio from Starz and anticipates filing the deal with the SEC in March, and completing the separation of the businesses by the end of its fiscal second quarter next September, vice chair Michael Burns said Tuesday. The news officially resets the timeline for a

Wage growth picked up by more than expected over the three months to September, according to official figures also showing a rise in the jobless rate. The Office for National Statistics (ONS) said average weekly earnings, excluding bonus payments, rose at an annual rate of 5.7% during the three months to September as more workers

German broadcasting powerhouse ProSiebenSat.1 Media has posted third quarter group revenues of €921M ($955.7M), a drop of 13%. Profits also fell from EUR162M in the same three months last year to €118M, and adjusted net income was €43M. In a “very challenging market environment,” the Unterföhring-based company noted its nine-month group revenues were “almost stable” at

The Bank of England Governor has denied having any part in the downfall of Liz Truss. In an interview with Sky News, Andrew Bailey said that he “vehemently disagrees” with allegations that the Bank‘s actions precipitated the departure of the former prime minister. It followed claims from Narayana Kocherlakota, the former president of America’s Federal

Grammy-winning singer Roberta Flack,  whose work in classics like “The First Time Ever I Saw Your Face” and “Killing Me Softly with His Song” has been described as “rapturous, spellbinding mood music,” announced today through a representative that she has ALS and can no longer sing. Amyotrophic lateral sclerosis is a progressive disease that famous

The parent firm of fashion retailer Joules and The Garden Trading Company is on the brink of collapse after a failure to secure new investment, it has been announced. Joules Group, which has around 1,600 staff, revealed it was to file a notice of intention to appoint administrators and had requested the suspension of trading

With his latest solo show The Old Man & the Pool, Mike Birbiglia cements his reigning position as Broadway’s greatest comic storyteller – stand-up comic just doesn’t quite fit him – and, yes, the competition for the title isn’t example plentiful, but if it was, Birbiglia could hold his own. He’s that good, and so

The high street empire founded by Mike Ashley is close to agreeing a deal to buy the stricken Savile Row tailor Gieves & Hawkes. Sky News understands that Frasers Group is in advanced talks to buy the brand, which was put up for sale earlier this year after its Hong Kong-based owner collapsed into liquidation.

Anthony Fauci said that when he was approached by the National Portrait Gallery of an “unusual person” they suggested to create his portrait, “not only was I not reluctant about it, I got very excited about it.” The result, a five-minute stop-motion drawing animation of Fauci’s career, is perhaps the most unconventional of all of

Ofgem’s failure to effectively regulate energy suppliers since 2018 has “come at a considerable cost” to British households, a watchdog report has found. The Public Accounts Committee (PAC) said the energy regulator did not tighten requirements for new suppliers until 2019, or for existing suppliers until 2021, despite issues with the financial resilience of energy

As Rupert Murdoch-owned outlets noticeably pinned the blame for the Republicans’ midterm losses on Donald Trump, Saturday Night Live spoofed Fox & Friends as its tried to break the news to the former Celebrity Apprentice host that he was no longer their favorite guest. “Mr. President. I don’t know how to tell you this. But