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Company acquired in deal involving Affinity Partners, a firm run by Donald Trump’s son-in-law Jared KushnerElectronic Arts, the maker of video games such as The Sims, Madden NFL and Battlefield, has been bought by Saudi Arabia’s wealth fund and a group of investors for $55bn (£41bn).The company announced the completion of the deal on Tuesday evening, only days after the EU gave its approval, the final regulatory green light needed. Continue reading...

As lenders’ profits soar, calls grow for a levy to help new PM ease cost of living pressures on householdsIt has been a stellar week for UK banks. Fuelled by high interest rates and market turbulence rippling out from the US war on Iran, major lenders have revealed soaring half-year profits that allowed bosses to boost bonus pots and give billions of pounds to shareholders.Collectively, the UK’s four largest lenders – HSBC, NatWest, Barclays and Lloyds – reported £29.2bn in profits ove

Ben Cohen says his ice cream company has been silenced by corporate ownership – and a boycott of Magnum brands could force a saleBen & Jerry’s ice cream in the tub is still great, but the brand’s newest chocolate-covered ice cream bar on a stick?“It ain’t the same,” Ben Cohen, th

Merger stokes fears over job cuts, US influence and possible BBC and Channel 4 tie-up to take on Netflix and YouTubeOnly five years ago a bullish ITV was riding high, trumpeting the biggest annual advertising haul in its history, as the broadcaster pledged to become a national champion in the battle against the US streamers.Now its chief executive, Carolyn McCall, has raised the white flag, arguing that a cut-price sale of its TV and streaming business to Sky is the only route to survi

FCA clashes with Consumer Voice, alleging lack of transparency and conflict of interestThe City regulator is trying to get the only consumer group arguing for higher motor finance scandal payouts thrown out of court, alleging that its co-founders have not been transparent about their funding and potential conflicts of interest.The accusations, laid out in legal filings on Wednesday, are the latest controversy in the long-running saga surrounding mis-sold car loans, with fears of large

Harry claimed victory in two earlier legal actions but he and his co-claimants lost their lawsuit against ANL on TuesdayPrince Harry and others could face £50m legal bill after losing phone-hacking lawsuitThe Duke of Sussex has variously described his long-running legal battles with certain sections of the British media as a “mission” and a “life’s work”.“I’ve been told that slaying dragons will get you burned,” was his defiant response when he claimed victory against Mirror Group News