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Paramount launches rival bid for Warner Bros Discovery
Natalie ShermanBusiness reporter Warner Brothers Discovery Warner Brothers Discovery is owner of HBO, known for shows like Sex and the City Paramount Skydance has made another offer to buy Warner Bros Discovery as it seeks to trump a rival plan from Netflix to buy the company’s studio and streaming networks. Paramount, which is backed by…
EasyJet agrees to rival £5.7bn takeover bid from US company
No-frills airline EasyJet says it has agreed in principle to a £5.7bn takeover proposal from US firm Apollo Management – just days after it had accepted an offer from a rival suitor. The Luton-based carrier said Apollo’s offer delivered “a superior outcome” to investors than the previous bid from US investment firm Castlelake that EasyJet…
Bank of England expected to cut interest rates
Kevin PeacheyCost of living correspondent Getty Images Policymakers at the Bank of England are expected to cut interest rates – bringing the Bank rate down to its lowest level since February 2023. Analysts are widely predicting a fall from 4% to 3.75%, although they do not expect a unanimous decision among the nine-member Monetary Policy…
US long-term borrowing costs ease after government steps in
Long-term borrowing costs in the US eased on Wednesday after the Treasury department announced it would buy back more debt. The move came after the interest rate on 30-year bonds, which are a type of debt used to raise funds from investors, hit 5.34% on Tuesday – the highest level in almost 20 years. The…
