Skip to content
Search

Latest Stories

UK Prime Minister Reassures Business Leaders Over Brexit

British prime minister Theresa May took pains on Friday (19) to reassure more than 130 British business leaders that her government would deliver frictionless trade with the European Union after Brexit.

May's conference call with representatives of firms ranging from the accounting firm EY to the retailer Tesco came after a summit in Brussels this week produced no tangible progress.


Her office said May acknowledged in her call that there were "a few significant issues that were still outstanding" in the Brexit talks.

London and Brussels cannot agree on how to keep the border between British-ruled Northern Ireland and EU-member Ireland open after Britain leaves the bloc in March.

The Downing Street statement said May "recognised the importance of these discussions for businesses, their supply chains and clients".

May "urged businesses not to lose sight of the prize that of a smooth trading relationship with the EU alongside the ability to seek new opportunities and open up new markets with trading partners around the world", her office said.

 Agence France-Presse

More For You

Warner Bros urges shareholders to reject Paramount's £80.75 billion bid, backs Netflix deal

Netflix wants Warner Bros' movie studio and HBO streaming service, gaining access to the company's extensive content library

Getty Images

Warner Bros urges shareholders to reject Paramount's £80.75 billion bid, backs Netflix deal

Highlights

  • Warner Bros board unanimously rejects Paramount Skydance's $108.4bn (£80.75bn) takeover bid.
  • Netflix's $72bn (£53.7bn) deal for film and streaming businesses deemed superior by board.
  • Paramount backed by billionaire Ellison family, while Netflix offer seen as better financed with clearer structure.

Warner Bros Discovery has told shareholders to reject Paramount Skydance's $108.4bn (£80.75bn) takeover bid, recommending instead a $72bn (£53.7bn) deal with Netflix for its film and streaming businesses.

The board "unanimously" agreed the Netflix deal was in the firm's best interests, despite Paramount claiming its offer was "superior" to the streaming giant's proposal.

Keep ReadingShow less