ITV shares surge as it holds talks to sell broadcast operations to Sky; world food prices fall – business live

Newsflash: ITV has confirmed that it is in talks about the posssible sale of its media and entertainment operations to rival Sky.In a statement to the City this morning, ITV says:ITV plc notes the recent press speculation and confirms that it is in preliminary discussions regarding a possible sale of its M&E business to Sky for an enterprise value of £1.6bn.The statement comes hours after reports that Comcast, the parent company of Sky, was in talks to buy ITV’s broadcasting business, a move that would upend the British television landscape.ITV cautions that a sale isn’t certain, telling the City this morning:There can be no certainty as to the terms upon which any potential sale may be agreed or whether any transaction will take place

ITV shares soar as it holds talks to sell television business to Sky

ITV has told the market it is in preliminary talks to sell its broadcasting arm to the parent company of Sky in a £1.6bn deal, sending shares soaring by almost 20%.Comcast, the US telecom company that owns NBCUniversal, hopes to snap up ITV’s media and entertainment operations, which include its free-to-air TV channels in the UK and ITVX streaming platform.However, the deal does not involve the programme-making arm ITV Studios, one of the world’s biggest production companies. The division, which has made shows including Love Island, I’m a Celebrity and the hit drama Mr Bates vs the Post Office, has been the subject of separate takeover talks

How Tesla shareholders put Elon Musk on path to be world’s first trillionaire

Now that Tesla stockholders have approved a plan to offer Elon Musk close to $1tn, the clock is ticking to make the company worth eight times more than it is today.If Musk can grow Tesla to over $8tn in value for stockholders over the next decade, he will be well on his way to becoming the world’s first trillionaire.More than 75% of shareholders voted in favor of the historic compensation plan during a vote at the company’s headquarters in Austin on Thursday. After the votes were in, Musk took the stage and danced after the news was announced.“It’s not just a new chapter for Tesla,” Musk said

Tesla shareholders approve $1tn pay package for Elon Musk

Tesla shareholders approved a $1tn compensation plan for CEO Elon Musk on Thursday, awarding the world’s richest person what would be the largest corporate payout in history if he meets the goals necessary to receive it.The pay package, which several high-profile investors opposed, demonstrates that shareholders still believe Musk can lead the automaker in an era dominated by robotics and artificial intelligence.The result of the vote was announced at the annual shareholder event in Austin, Texas, with more than 75% of investors voting in favor of the plan. Chants of “Elon” erupted in the room at the news of its approval.“Thanks, guys,” Musk said, after briefly dancing on stage alongside the company’s Optimus robots

Chess: Russian star and top Americans fall in World Cup but Adams wins 10-game epic

The $2m (£1.5m), 206-player World Cup taking place in Goa, India, has a brutal format designed to maximise the chance of shock results. Its knockout matches consist of the best of just two classical games, followed by rapid and blitz tie-breaks at increasingly fast speeds, then a final Armageddon game where White has more time but is obliged to win. The major incentive besides the prize money is three places in the 2026 Candidates, the pathway to the world title.Ian ­Nepomniachtchi, the Russia No 1 who twice played for the global crown, the USA’s world No 8, Wesley So, and Hans Niemann, who has huge ambitions, were the high-­profile ­casualties in Thursday’s ­second round of 128, which was the first round for the top 50 seeds

‘The goal is to win all the final races’: Norris raises bar before São Paulo GP

Lando Norris has acknowledged that he needs to be at the very top of his game to try to secure his first world championship, as the British driver heads into this weekend’s São Paulo Grand Prix with a narrow one-point lead over his McLaren teammate, Oscar Piastri.Norris had trailed Piastri by 34 points after the Dutch GP but with a series of strong results including a dominant win from pole to flag at the last round in Mexico, Norris has edged ahead in the title race for the first time since the Saudi Arabian GP in April.Red Bull’s Max Verstappen has also made a late charge to reignite his title defence, recovering from a 104-point deficit to Piastri after Zandvoort to advance to being within 36 points of Norris.Four meetings remain, including two sprint races with one this weekend in Brazil, and with 116 points still available, Norris confirmed his aim was to simply keep winning.“Nothing is completed, nothing is done,” he said