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Netflix boss defends Warner Bros bid ahead of Paramount deadline
Posted onNetflix has offered $27.75 a share, or $82.7bn (£61.2bn) in total, for Warner Bros’ studio and streaming networks – including brands such as Warner Bros, New Line Cinema, and HBO Max – leaving the rest of the firm to be spun off as an independent company.
Energy investment of £28bn approved by regulator Ofgem
Posted onEnergy regulator Ofgem has approved £28bn in investment to improve the UK’s energy network. Most of the funding in the five-year plan will go towards maintaining gas networks, but £10.3bn will be used to strengthen the electricity transmission network. Households will see an additional £108 added to energy bills by 2031 under the plan. But…
Rachel Reeves warns of harder choices to come as she hints at tax rises
Posted onBecky MortonPolitical reporter Reeves: I will take no risk on public finances Rachel Reeves has said the government is facing difficult choices, as she promised she would not take risks with the public finances. In her speech at Labour’s annual party conference in Liverpool, the chancellor pledged to keep “taxes, inflation and interest rates as…
