BT and Warner complete sports streaming mega-deal September 1, 2022 Warner Bros Discovery and BT completed its ambitious 50:50 tie-up this morning, marking a major moment for live sports coverage in the UK. The deal brings together BT Sport and Eurosport UK under roof, which the companies say will eventually merge to make one single brand. BT Sport and Eurosport UK said they will retain [...]
Rio Tinto strikes £2.86bn deal to snap up remaining Turquoise Hill stake September 1, 2022 Rio Tinto has struck a $3.3bn deal to buy the rest of Canadian firm Turquoise Hill today in a move that will see it take direct ownership of a major copper mine in Mongolia.
Twitter begins testing edit button for premium users September 1, 2022 Twitter are now testing the edit button for tweets, allowing users to edit out typos and mistakes for the first time. It is understood that this new pilot scheme will only apply to Twitter Blue subscribers. The company confirmed the news on its official account this afternoon writing: “if you see an edited Tweet it’s [...]
Top Cineworld shareholder dumps stake as firm faces bankruptcy September 1, 2022 A major shareholder in Cineworld has shed almost the entirety of his stake in the past two days as the beleaguered cinema chain teeters on the edge of bankruptcy.
Exclusive: Green groups call for red-tape cuts to ramp up onshore wind September 1, 2022 Environmental groups and green think tanks have urged the Government to cut red-tape blocking onshore wind projects.
KPMG shakes up UK executive committee in line with £300m growth strategy September 1, 2022 KPMG today set out plans to shake up its UK executive committee in line with efforts to bolster high-growth areas of its business by investing £300m over the next three years. The executive reshuffle will see KPMG’s chief financial officer Chris Hearld take the reins from current chief operating officer Tim Jones from 1 October. [...]
Watchdog flags competition concerns for Microsoft and Call of Duty maker Activision Blizzard’s £50bn deal September 1, 2022 Regulators have flagged competition concerns over Microsoft’s $68.7bn acquisition of Call of Duty maker Activision Blizzard, giving the US giants until next week to provide evidence.
Brewdog to shut six bars as its CEO launches scathing attack on ‘zombie government’ September 1, 2022 Pub chain BrewDog will close six outlets across the UK as its CEO launched a scathing attack on the “zombie government’s” lack of support for the industry amid soaring energy costs. Its CEO and founder James Watt shared the news on a heartfelt LinkedIn post, in which he appealed to Liz Truss and Rishi Sunak [...]
Serco snaps up immigration services firm ORS for £39m September 1, 2022 Government outsourcing giant Serco has snapped up Swiss specialist immigration firm ORS in a £39m deal, the firm announced this morning.
It is the death of sustainability as merciless cost of living mayhem pushes UK firms into survival mode September 1, 2022 With the cost of living crisis predicted to continue for the foreseeable, nearly 8 in ten Brits are now worried about how the ongoing mayhem is going to negatively impact the environment. In fact, a third of all British business owners have dropped sustainability as a priority with just less than one in five still [...]