General · 17 December 2025
UK backs Grangemouth plant. Warner Bros rejects bid.
Chancellor Rachel Reeves defended the government's £120m funding package for Ineos to save Scotland's last ethylene plant at Grangemouth, securing over 500 jobs and preserving vital chemical infrastructure. Meanwhile, Warner Bros Discovery's board urged shareholders to reject Paramount's $108bn hostile takeover bid, citing inadequate terms and significant risks, as the company remains committed to Netflix's $82.7bn rival offer for its studio assets.
Reported by Guardian · How we write briefs