Hollywood tycoon poised to swoop on Secret Cinema owner

The Hollywood power broker Ari Emanuel is poised to acquire the parent company of Secret Cinema, the London-based immersive film and TV business that has put on shows themed on movies and programmes such as Star Wars and Stranger Things.Emanuel, who co-founded the US entertainment group Endeavor and now runs the company behind World Wrestling Entertainment and the Ultimate Fighting Championship, is to buy TodayTix Group, the Guardian understands.The US-based digital ticketing firm acquired Secret Cinema in a $100m (then £88m) deal in 2022 and went on to expand the UK operation to the US and Australia.The deal is the second for Emanuel’s as-yet-unnamed global events company, which is backed by Apollo Global Management and RedBird Capital Partners, and likely to formally launch in the coming weeks.RedBird has investments including the football clubs Liverpool and AC Milan and is trying to push through a deal to buy the Telegraph newspaper group

US created 911,000 fewer jobs through March 2025 than initially reported

The US added 911,000 fewer jobs than first estimated for the year to March 2025, the Bureau of Labor Statistics (BLS) announced on Tuesday, highlighting recent concerns about the health of the labor market.The revisions are 50% higher than last year’s adjustment and were on the higher end of Wall Street estimates between 600,000 and 1 million.The revision comes after a lackluster August jobs report, with only 22,000 jobs added in the US. That report too contained revisions and noted that 13,000 jobs were lost for the month of June 2025, the first negative jobs report survey since December 2020. The unemployment rate increased to 4

Anglo American agrees mining mega merger; Londoners face commuting struggles as tube strike enters second day – as it happened

The London-listed miner Anglo American has agreed to merge with its Canadian rival Teck Resources, in a deal that will create a $53bn (£39bn) global copper group after both companies saw off takeover attempts.The merger to form one of the biggest copper producers in the world is expected to bring hundreds of job losses at Anglo’s London office as the company prepares to move its headquarters to Vancouver, Canada.The new company will retain Anglo’s primary listing on the London Stock Exchange – held since 1999 - with secondary listings in Johannesburg, Vancouver and New York. But Anglo Teck’s senior leadership team will be based in Vancouver after sweeping efforts by the Canadian government to protect the country’s minerals sector.In London, the tube network was brought to a standstill for a second day as RMT workers went on strike, in a dispute over pay and conditions

Slashing migration would actually lead to higher house prices in Australia. Here’s why

Think closing our borders would fix the housing crisis? Think again.Eliminating migration for the coming decade would actually leave property prices 2.3% higher by the mid-2030s, according to economic modelling by KPMG; and there are other negative economic consequences too.The temporary post-lockdown surge in net migration is now on the wane, but it appears to have left behind a heightened level of national sensitivity to the issue.For example, a survey by JWS Research from November last year suggested 78% of Australians thought housing access and affordability was now a “national crisis”

FCA warns car finance firms over ‘lost’ data amid £18bn compensation scheme

The City regulator has warned it will challenge lenders claiming to have lost customer records about mis-sold car loans to ensure they get their fair share of a potential £18bn compensation pot.The Financial Conduct Authority (FCA) is considering whether to open its redress scheme to contracts dating back to 2007, but some lenders have complained that they do not have records stretching back that far.Speaking to MPs on the Treasury committee, , the FCA chief executive, Nikhil Rathi, said this would not be accepted as a blanket excuse. “Where a firm says to us that they don’t have the data, we’re not just going to take that at face value. We will look at that very forensically,” he said

Anglo American to merge with rival Teck in $53bn mining group

The London-listed miner Anglo American has agreed to merge with its Canadian rival Teck Resources, in a deal that will create a $53bn (£39bn) global copper group after both companies saw off takeover attempts.The merger to form one of the biggest copper producers in the world is expected to bring hundreds of job losses at Anglo’s London office as the company prepares to move its headquarters to Vancouver, Canada.The new company will retain Anglo’s primary listing on the London Stock Exchange – held since 1999 - with secondary listings in Johannesburg, Vancouver and New York. But Anglo Teck’s senior leadership team will be based in Vancouver after sweeping efforts by the Canadian government to protect the country’s minerals sector.Justin Trudeau’s administration warned last year that Canada’s government would only approve foreign takeovers of large Canadian mining companies involved in critical minerals production “in the most exceptional of circumstances” to protect its interests in the minerals and metals that are considered crucial in the global transition away from fossil fuels