A hostile takeover bid for media giant Warner Bros. Discovery (WBD) has intensified and entertainment conglomerate Paramount has taken legal action to force the release of financial data. Paramount Skydance, which owns film production company Paramount Pictures and TV network CBS, has filed a legal suit seeking to force WBD to tell shareholders how much…
At first glance, the announcement of 25% tariffs against any country that trades with Iran seems tantamount to Donald Trump escalating a global trade war. But China, India’s largest trading partner, has kept its response quite brief and quite mild. “There is no winner in the tariff war,” said Foreign Ministry spokesman Mao Ning, adding that…
The investment industry has stepped up warnings to the government over plans to limit cash ISAs, arguing they risk reducing the willingness of British investors to back listed companies. Sky News has learnt that a meeting on Tuesday involving officials from the Treasury and HM Revenue and Customs, as well as major industry players, including…
Financial markets have been spooked by the resumption of a dispute between its chairman and the Trump administration over the independence of the US central bank. It emerged overnight that the White House was threatening to indict Jerome Powell over comments he made in Congress regarding rising renovation costs at the Federal Reserve buildings in…
The owners of The Very Group, one of Britain’s largest online shopping platforms, are to launch a £2bn auction of the company just months after taking control. US private equity giant Carlyle is partnering with Barclays and JP Morgan to handle the sale of Very, which sells a wide range of fashion, toys and electrical…
A UAE-based steel company has moved to buy Britain’s third-largest steel producer, just months after it was declared “hopelessly insolvent” and fell into the hands of official receivers. Sky News has learnt that Arabian Gulf Steel Industries (AGSI), headquartered in Abu Dhabi, is one of a number of smaller parties that have lodged an offer…
The consulting firm that oversaw controversial cost-cutting at Manchester United Football Club is being sold to the owner of Burger King’s British operations in a deal worth more than £800m. London-listed buyout firm Bridgepoint has agreed to buy a controlling stake in Interpath Advisory, Sky News has learnt. According to banking sources, the deal can…
