Great British Railways flies the flag as logo goes back to the future

No matter how much train fares cost under Great British Railways, no one can accuse the government of wasting money on an expensive redesign.The logo, branding and livery for the impending renationalised and reformed railway will be unveiled by ministers at London Bridge on Tuesday. It is red, white and, yes, blue.The Department for Transport said passengers will get their “first look at the future” of Britain’s railways – a future that may ring a few bells. Designed in-house at the DfT, the logo is the GBR name in rail typeface accompanied by the double arrow symbol – what the DfT describes as a “nod to Britain’s proud railway heritage”, rather than a direct lift from British Rail

Why has Paramount Skydance launched a hostile bid for Warner Bros Discovery – and what happens now?

Warner Bros Discovery, the entertainment giant behind the storied Hollywood movie studios, HBO, CNN and an array of other media businesses, is at the center of one of the most of extraordinary corporate takeover fights in recent memory.After Netflix unveiled a $82.7bn deal on Friday to acquire WBD’s studio and HBO, David Ellison, CEO of Paramount Skydance and son of tech billionaire Larry, announced a rival $108.4bn hostile bid to take over the entire company.Here’s what we know so far – and what could happen next

Paramount launches $108.4bn hostile bid for Warner Bros Discovery

David Ellison’s Paramount Skydance is not giving up in its aggressive campaign to acquire Warner Bros Discovery (WBD), launching a hostile bid for the entertainment company despite the announcement on Friday that Netflix had agreed to buy its studio and streaming operation.Netflix’s bid for WBD’s storied Hollywood movie studio, as well as its premier HBO cable network, valued the company at $82.7bn. But it did not agree to acquire WBD’s traditional television assets, including the news network CNN and the Discovery channel.Paramount’s all-cash tender offer sent directly to shareholders on Monday morning would be for the entire company, and puts a total enterprise value of $108

Anglo American’s merger bonus was a pay wheeze too far | Nils Pratley

Shareholder rebellions over executive pay aren’t what they used to be. In the past 18 months, bumper incentive arrangements for the bosses have been approved at AstraZeneca, the London Stock Exchange Group and Smith & Nephew. All those companies have managed to argue successfully that, since the bulk of their revenues are made on the other side of the Atlantic, the executives should be paid like Americans.Perhaps it was such favourable votes (for the executives) that persuaded the remuneration committee of FTSE 100 miner Anglo American that its cheeky “resolution 2” within the proposed $50bn all-share merger with the Canadian group Teck Resources wouldn’t cause a fuss.This resolution would have created, in effect, a £8

Paramount Skydance makes $108.4bn bid for Warner Bros Discovery, challenging Netflix’s offer – as it happened

Newsflash: Paramount Skydance has launched a hostile takeover offer for Warner Bros Discovery, in an attempt to derail Netflix’s bid for the movie studio and streaming network.Paramount claims that its offer “provides superior value, and a more certain and quicker path to completion to WBD shareholders” than the Netflix offer, which has led to a backlash since it was announced last Friday.Paramount are offering to pay $30.00 per share in cash for Warner Brothers Discovery, which equates to an enterprise value of $108.4bn – ahead of Netflix’s offer which was worth $83bn

Bank of England cutting jobs as part of overhaul after critical Bernanke review

The Bank of England has said it is cutting jobs amid sweeping changes at Threadneedle Street after a highly critical review into its failure to forecast surging inflation.Under budget pressures as it responded to the report from the former US Federal Reserve chair Ben Bernanke, the Bank has opened a voluntary scheme last week as part of an efficiency drive to find savings.The process, which will run until mid-January, with staff expected to leave in March, was first reported by Bloomberg. The Bank said it was “a mutually agreed, time-limited scheme for staff to choose to apply to leave.“We are now implementing a significant, multiyear transformation of our operations and this will condition our decisions