Business

Wilko, one of Britain’s biggest discount retailers, is racing to secure a cash injection as it prepares to launch a financial restructuring aimed at securing its future. Sky News has learnt that Wilko, which is owned by its founding family and employs about 12,000 people, is working with advisers to raise tens of millions of

SAG-AFTRA is making picket signs in the event of a strike next week. “If a strike becomes necessary, we’re ready,” the guild said in postings on social media Friday. A strike, if it comes to that, would be the actors first against the film and TV industry since 1980, when pre-merger SAG and AFTRA struck to

The Empire Cinemas chain has entered administration, leading to the loss of 150 jobs and the closure of six cinemas. Eight of the 14 cinemas in the group – under the Empire Cinemas and Tivoli brands – will remain open. But the locations that have been closed with immediate effect are: • Bishop’s Stortford• Catterick

EXCLUSIVE: Some of the UK’s top film and TV studios have raised concerns with Culture Secretary Lucy Frazer over a property tax bombshell that has this week put the breaks on Sunset Studios’ major expansion into the British market. Deadline understands that Frazer has held talks with industry representatives about potentially eyewatering increases in business

Money markets have begun to price in a Bank of England interest rate of 6.5%. The interest rate on ten year government bonds (the gilt yield as it’s sometimes called) exceeded the peak it hit after the mini-budget of September last year – that one which provoked a crisis in many parts of the bond

Continuing the recent trend of artists being assaulted by thrown objects while on stage, Drake has become the latest victim. The Canadian singer-rapper was hit on the left wrist Wednesday night in Chicago while performing the song “So Anxious.” Drake looked at the phone on the ground, but didn’t indicate that he was injured or

Several days of strike action on the London Underground have been announced from 23 July in a row over pensions, job cuts and attacks on working conditions, according to a union. The RMT said different grades and sections of the Tube would take strike action from Sunday 23 July until Friday 28 July. Advertisement

Matthew Serino, who with business partner Nancy Coyne cofounded one of Broadway’s leading advertising and marketing agencies in Serino Coyne, died June 19. He was 79. His death was confirmed to Deadline by his son, Chris Serino. “Sadly my dad passed away on Monday, June 19 after spending a beautiful Father’s Day together with his

Higher wages are the “biggest driver of price rises” for two-thirds of businesses, according to the findings of a report which will do nothing to ease worries at the Bank of England that inflation is coming under control. The British Chambers of Commerce’s (BCC) economic survey of its members, covering April to June, showed that

In a gimmick borrowed from European soccer leagues, the National Basketball Assn. has reportedly set plans for a new In-Season Final Four Tournament.  ESPN reports the league’s schedule addition will be set for Dec. 7 and 9 in Las Vegas. Full details on the competition — including groupings — will be unveiled Saturday night in Las

The UK is now the only country in the G7 group of rich nations still dealing with rising inflation, the Organisation for Economic Co-operation and Development (OECD) has said. The Paris-based OECD – a club of 38 rich countries – said inflation in the UK rose to 7.9% in May, up from 7.8% in April,

EXCLUSIVE: Scotland’s STV is close to acquiring on-the-block Lego Masters production group Greenbird Media from Keshet International (KI), Deadline understands. The deal could be unveiled imminently, it is thought, and may amount to a figure in the tens of millions of pounds. Having been acquired from BBC Studios (then BBC Worldwide) in 2018, Greenbird, which

The water industry regulator has admitted investors in crisis-hit Thames Water have become “more concerned about the turnaround of the company”, as it seeks £1bn to help shore up its immediate financial future. Ofwat chief executive David Black told a Lords committee that while talks were continuing, new shareholders may have to be sought if

Twitter CEO Linda Yaccarino is fully on board with Elon Musk’s decision to limit the tweets users are able to see on a daily basis. “When you have a mission like Twitter — you need to make big moves to keep strengthening the platform. This work is meaningful and on-going,” Yaccarino tweeted along with an

The average mortgage rate for a five-year fixed deal has risen to 6.01%, according to a financial information company. Meanwhile, the average two-year fixed rate mortgage has increased to 6.47%, Moneyfacts said. The previous average for a five-year rate was 5.97% on Monday, while the two-year deal was 6.42%. A five-year fixed deal is at

Rather than list the Broadway shows that have canceled performances due to the July 4th holiday – and the competition from the 47th annual Macy’s Fourth of July fireworks celebration, it’ll be easier to mention the plays that will be open: the spooky Grey House and the ever popular Harry Potter and the Cursed Child.

The energy regulator has threatened action against household suppliers if they put investors before hard-pressed households. Ofgem’s chief executive Jonathan Brearley warned that financial practices seen before the energy crisis would not be tolerated. New rules were brought in last November to bolster the resilience of business models after the collapse of more than 20

Jack Dorsey has given his thoughts on Meta’s new Twitter rival Threads as the social platform preps a launch on July 6. After Apple’s iOS App Store gave a preview of Threads, people have been analyzing what Meta is going to offer. Among the people interested in the new digital platform is Dorsey who has

Drivers have been paying more for fuel since 2019 due to weakening competition between retailers, a regulator has said. They said that increased supermarket fuel margins led to drivers paying an extra 6p per litre. Asda has also been fined £60,000 for a failure to provide information when required, the regulator added. It comes in

Lauren Jauregui is sharing her opinion after Elon Musk set viewing limits on Twitter. The former Fifth Harmony member feels that it’s not a “coincidence” that the Tesla founder is implementing these changes as the U.S. prepares for another presidential elections cycle. “I just wanna say Elon destroying Twitter ahead of elections is not a