Business

Musicians and songwriters receive “pitiful returns” from streaming and the entire model is in need of a “complete reset”, an inquiry has concluded. Following several hearings involving stars including Chic’s Nile Rodgers, Elbow’s Guy Garvey, Radiohead‘s Ed O’Brien and solo singer Nadine Shah, as well as bosses from major record labels and streaming platforms, the
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The Daily Mail’s founding family is plotting an offer to take the company behind Britain’s biggest-selling national newspaper private – move that would end 90 years of stock market history. Daily Mail & General Trust (DMGT) confirmed Sky News’ exclusive revelation on Monday that Rothermere Continuation Limited (RCL) is considering an £810m bid for the
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Tony Hayward, the former BP chief executive, is plotting the flotation of a new ‘blank cheque’ company that will seek to capitalise on booming investor appetite for companies exposed to the world’s multi-trillion dollar shift to cleaner energy. Sky News has learnt that Mr Hayward is in advanced talks to list Energy Transition Partners, a
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Cigarette maker Philip Morris International says it will buy Vectura Group as part of an expansion beyond tobacco and nicotine. The deal values Vectura at £1.05bn and its shareholders will get 150p per share in cash, the British pharmaceutical company said in a joint statement with Philip Morris (PMI). Vectura had agreed to a £958m
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The prospect of a full-scale investor revolt at JD Sports Fashion grew on Friday when another leading adviser warned shareholders over bonuses awarded to its bosses despite refusing to repay government support. Sky News has learnt that the Investment Association’s influential IVIS service has ‘red-topped’ JD Sports over votes on bonus payments and its future
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