Sex offender freed from Wandsworth prison by mistake is back in custody


Three big problems with ITV’s talks to sell television business to Sky: price, politics and regulation | Nils Pratley
Do a sum-of-the-parts analysis on ITV, City analysts have been saying for years, and you can come up with valuations way above the depressed share price. It’s just a question of someone making a decent offer for one of the two halves of the corporate entity – either ITV Studios, the production side that makes programmes such as Coronation Street, or the division that actually broadcasts the content and sells the advertising slots.Now someone has turned up: Sky, which was bought by the US giant Comcast for £30bn in 2018, has made a £1.6bn approach for the broadcasting operation. ITV’s share price gained 16% on Friday but, at 78p, it still stands way below some of the misty-eyed theoretical valuations

Stock markets drop amid jitters over US economy and tech valuations – business live
Wall Street has opened in the red as jitters over the health of the US economy, and sky high tech valuations, continue to hit the markets.The Dow Jones industrial average, of 30 large US companies, has dropped by 209 points, or 0.45%, in early trading to 46,703 points.The broader S&P 500 index is down 0.6%, and the tech-focused Nasdaq has lost almost 1%

China poised to lift ban on chips exports to European carmakers after US deal
The vital flow of chips from China to the car industry in Europe looks poised to resume as part of the deal struck last week between Donald Trump and his Chinese counterpart, Xi Jinping.The Netherlands has signalled that its standoff with Beijing is close to a resolution amid signs China’s ban on exports of the key car industry components is easing.The dispute began when the Dutch government took control of the chipmaker Nexperia at the end of September after the US raised security concerns about the company’s Chinese owner, Wingtech. Beijing retaliated by halting all exports from Nexperia’s factories in the country, threatening to disrupt car production in Europe and Japan.The White House had put Wingtech on a list of companies that would have their exports to the US controlled under its “affiliate rule”

ITV shares soar as it holds talks to sell television business to Sky
ITV has said it is in preliminary talks to sell its broadcasting arm to the parent company of Sky in a £1.6bn deal, sending shares soaring.Comcast, the US telecoms company that own Sky and 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.The deal would not cover 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

Qantas business lounge passenger set on fire after power bank explodes in his pocket
Qantas says it has reopened its business class lounge at Melbourne airport after it was evacuated due to a passenger being set on fire by an exploding power bank in his pocket.The man was in the lounge in the airport’s international terminal on Thursday morning when the overheated power bank ignited, burning his leg and fingers and creating smoke in the room.Many airlines, including Qantas, have tightened their restrictions on flying with lithium-ion batteries, often found in mobility devices, to try to avoid any possibility of a fire breaking out onboard.Qantas said about 150 people were evacuated from the Melbourne lounge “as a precaution” and the man had been taken to hospital for further assessment after being treated by paramedics on site.“We worked with the Melbourne airport to clean the lounge and it has since reopened,” a spokesperson said on Friday

Driving competition: China’s carmakers in race to dominate Europe’s roads
When Tesla wanted to catch the eye of British buyers, it put its cars and bright signage at a dealership in west London’s prominent Hogarth roundabout. Exposure to half a million drivers every day helped the US carmaker to become the dominant electric vehicle seller in the UK. Yet drivers passing by that site now see something different: twin Chinese brands Omoda and Jaecoo, both owned by the state-controlled manufacturer Chery.Chinese cars are on a roll across Europe – they outsold Korean rivals in western Europe for the first time in September. That success is highly reliant on the UK

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