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ITV in talks to sell television business to Sky
Posted onFaarea MasudBusiness reporter Getty Images ITV has said it is in “preliminary” discussions to sell its television business to Sky for £1.6bn. The talks focus on ITV’s Media and Entertainment division, which include its TV channels as well as its streaming service, ITV X. The discussions with Sky, which is owned by US-based Comcast, come…
Jerome Powell: World central bank chiefs declare support for US Fed chair
Posted onCentral banks across the world have joined together to declare that they stand in “full solidarity” with the Federal Reserve’s chair after the US launched a criminal investigation into Jerome Powell. The heads of the Bank of England, the European Central Bank and the Bank of Canada are among 11 senior bankers who have signed…
Rachel Reeves backs Andy Burnham for prime minister
Posted onReeves emphasised the importance of the next leader sticking to her fiscal rules, which include ensuring day-to-day spending is funded through tax revenue by the end of the Parliament and reducing debt as a proportion of GDP. Burnham has previously committed to keeping the current government borrowing and spending rules in place. “The last government…
Surrey attractions welcome summer VAT cut on tickets and food
Posted onPlans to cut prices at family attractions over the summer holidays will be a “wonderful initiative” to help more people visit, a business has said. Government plans coming into force on Thursday will cut VAT on some tickets to attractions in the UK, with the discount expected to be passed on by businesses to customers….
Will AI mean better adverts or ‘creepy slop’?
Posted onMaryLou CostaTechnology Reporter Getty Images Advertisers are using AI to personalise online advertising Imagine one night, you’re scrolling through social media on your phone, and the ads start to look remarkably familiar. They’re decked out in your favourite colours, are featuring your favourite music and the wording sounds like phrases you regularly use. Welcome to…
