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ECONOMY
Bombshell for Netflix as Disney wins battle of the streaming giants
Disney has become the world’s biggest subscription TV streaming company after it overtook Netflix on the total number of subscribers.Results from the US media giant revealed that it now has 221m total subscriptions across its three…
London’s Groucho club sold in £40m deal
The Groucho Club, the private members' club famed for its bohemian clientele drawn from London's art and film scene, has changed hands in a deal worth £40million.A favourite of the 'Cool Britannia' set – including Noel Gallagher, Tracey…
Antofagasta joins fellow mining firms in cutting half-year dividends
Antofagasta has become the latest mining giant to slash its interim dividend payments following a deterioration in profits.Investors in the London-listed Chilean miner will receive a payout of 9.2 cents per share compared to a record 23.6…
Porsche Taycan beats Tesla Model S time to set new Nürburgring record
When it comes to bragging rights in the automotive world there are few bigger than holding the lap record around the Nürburgring Nordschleife.When it comes to the fastest time recorded to complete a lap of the fearsome 12.9-mile circuit in…
Entain agrees to buy Croatia’s biggest bookmaker for €600m
Entain has revealed a new venture and the acquisition of a major bookmaker as part of plans to expand its presence across continental Europe.The Ladbrokes and Coral owner has teamed up with Czech investment firm EMMA Capital to create…
Coca-Cola HBC profits dive as Russia exit costs bottler £161m
Coca-Cola HBC has seen earnings tumble by about a third following its decision to drastically scale back its operations in Russia.The London-listed group revealed that first-half net profits declined by 34.4 per cent to €152.9million even…
Areas of Britain where availability of electric car charging points has SHRUNK
Three in five local authorities are behind schedule in their rollout of public electric car charging points - and some have even seen their networks shrink in the last 12 months, according to a new report.There are just over 32,000 public…
House prices are still rising despite higher interest rates, Rics estate agents say
A lack of homes coming to the market is continuing to drive up house prices despite a slowdown in demand from buyers, according to estate agents. Enquiries from potential buyers fell 25 per cent in July compared to the same time last…
BUSINESS LIVE: Entain buys rival; Coca-Cola HBC €190m Russia hit
The FTSE 100 is down 0.5 per cent in afternoon trading. Among UK companies with reports and updates are Entain, Coca-Cola HBC, Antofagasta and M&G. Read the Thursday 11 August Business Live blog below.> If you are using our app or a…
Energy debt is three times higher than last September
Household energy debt has hit at an all-time high of £1.3billion – nearly three times higher than it was in September, new data shows. Six million households are already behind on their energy bills by more than £200 since Ofgem's…
