Category: 3. Business

The parent company of Sky is in talks to buy ITV’s broadcasting business for about £2bn, two decades after James Murdoch made an audacious move to become the biggest shareholder in the UK’s largest commercial free-to-air broadcaster.

US media company Comcast, which owns assets including Universal Studios and bought Rupert Murdoch’s Sky for £30bn in 2018, is in talks to buy ITV’s broadcasting arm, which includes its TV channels and streaming service ITVX.

The move, which would upend the UK broadcasting landscape, reignites the ambitions of Rupert’s youngest son, James, who acquired a 17.9% stake in ITV for £940m in 2006.

A deal would not involve its production arm ITV Studios – the maker of shows including Love Island, I’m a Celebrity and hit drama Mr Bates vs The Post Office – which has been the subject of separate takeover talks.

Sky, which took the stake to block a move by Richard Branson to buy ITV after cable companies NTL and Telewest merged to create Virgin Media, was ultimately forced by regulators to sell its holding.

ITV’s largest single shareholder, Liberty Global, which jointly owns Virgin Media O2 with Spanish telecoms operator Telefónica, halved its 10% stake in ITV last month.

The broadcaster’s share price has slumped to £2.5bn, about 75% below levels seen a decade ago, as the Netflix-led streaming revolution has hammered the stocks of traditional broadcasters.

On Thursday, ITV reported that it would “temporarily” cut £35m from its budgets as it deals the poor macroeconomic environment and advertiser uncertainty ahead of the budget later this month.

The company said it expected advertising revenues, which still account for most of its income, to fall by 9% in the key fourth-quarter advertising in the run-up to Christmas.

ITV is being advised by banks Robey Warshaw and Morgan Stanley.

The performance of ITV Studios has led analysts to argue that the production arm alone could be worth more than the broadcasting business, which includes some of the UK’s most popular channels in linear.

Since buying Sky at a premium in a bidding war in 2018, Comcast has written down the value of the business by billions of dollars, mainly due to the poor performance of European operations in Italy and Germany.

Sky UK, which controls rights to crown-jewel assets including most of the rights to the Premier League, remains highly profitable.

In June, Comcast agreed to sell its German pay-TV business to RTL, the former owner of Channel 5 in the UK, for €150m.

ITV, Sky and Comcast declined to comment.

Reuters

Reuters

NEW YORK–(BUSINESS WIRE)–
The Estée Lauder Companies Inc. (NYSE: EL) will hold its 2025 Annual Meeting of Stockholders virtually on Thursday, November 13, 2025 beginning at 9:00 a.m. (ET). Those wishing to access the webcast can visit: www.virtualshareholdermeeting.com/EL2025.

For further information on the meeting, The Estée Lauder Companies’ proxy statement materials and other information are available at www.elcompanies.com/investors. Following the annual meeting, a webcast of the meeting will be available for replay on www.elcompanies.com/investors.

The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers and sellers of quality skin care, makeup, fragrance and hair care products, and is a steward of luxury and prestige brands globally. The Company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, the DECIEM family of brands, including The Ordinary and NIOD, and BALMAIN Beauty.

ELC-F

View source version on businesswire.com: https://www.businesswire.com/news/home/20251106963467/en/

Investors: Rainey Mancini

[email protected]

Media: Brendan Riley

[email protected]

Source: The Estée Lauder Companies Inc.

• 787 Dreamliner purchase will open new intercontinental routes from Tajikistan
• Airline looks to 737 MAX jets to grow, modernize all-737 fleet

WASHINGTON, Nov. 6, 2025 /PRNewswire/ — Boeing (NYSE: BA) and Somon Air today announced Tajikistan’s national air carrier has committed to place its largest-ever order, selecting up to 14 fuel-efficient 787 Dreamliner and 737 MAX airplanes.

Somon Air currently operates six Next-Generation 737 airplanes from Tajikistan to 25 destinations across Europe, Asia and the Middle East. With today’s agreement, the airline will place its first-ever widebody order for up to four 787-9 jets to enable international network expansion and up to 10 737-8 single-aisle jets, to modernize its all-737 fleet.

“We are pleased to announce our commitment to expand our fleet with Boeing’s state-of-the-art 787 Dreamliner and 737 MAX airplanes,” said Abdulkosim Valiev, CEO of Somon Air. “This significant investment not only marks our first widebody order but also reinforces our dedication to providing exceptional service and comfort to our passengers. With flexibility built into this commitment, Somon Air can adjust its fleet further based on market demand.”

Somon Air will launch new intercontinental routes from Dushanbe, Tajikistan with the 787-9, offering superior comfort to its passengers. The 737‑8 will form the foundation of the carrier’s short and medium‑haul network. Together, these airplanes deliver a 20–25 % fuel-use improvement compared to the airplanes they replace, enabling lower per-seat and maintenance costs.

The agreement was signed during the C5+1 Summit as the U.S. marks the 10^th anniversary of the diplomatic platform. When finalized and posted to Boeing’s Orders & Deliveries website, the order will support more than 11,000 jobs across the U.S.

“Somon Air’s continued choice of Boeing as its strategic partner underscores their preference for Boeing jets to grow their route network,” said Paul Righi, Boeing vice president of Sales and Marketing for Eurasia and India. “The versatility of the 787-9 and 737-8, combined with their outstanding performance, range, and operating economics, provide Somon Air with the essential tools needed to scale its operations effectively.”

The 787 Dreamliner family has opened more than 520 new nonstop routes never previously served and carried more than 1 billion passengers worldwide since its commercial introduction in 2011.

Somon Air is the national airline of the Republic of Tajikistan, established in 2008. Based at Dushanbe International Airport, the airline operates regular passenger and charter flights to destinations across Europe, Asia, and the Middle East. Its fleet consists entirely of modern Boeing 737 aircraft. Somon Air is committed to maintaining the highest standards of flight safety, service quality, and innovations.

A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.

Contact
Boeing Media Relations
media@boeing.com

SOURCE Boeing

Third Quarter Highlights

• Third quarter 2025 net loss attributable to Huntsman of $25 million compared to a net loss of $33 million in the prior year period; third quarter 2025 diluted loss per share of $0.14 compared to diluted loss per share $0.19 in the prior year period.
• Third quarter 2025 adjusted net loss attributable to Huntsman of $5 million compared to adjusted net income of $17 million in the prior year period; third quarter 2025 adjusted diluted loss per share of $0.03 compared to adjusted diluted income per share of $0.10 in the prior year period.
• Third quarter 2025 adjusted EBITDA of $94 million compared to $131 million in the prior year period.
• Third quarter 2025 net cash provided by operating activities from continuing operations was $200 million. Free cash flow from continuing operations was $157 million for the third quarter 2025 compared to free cash flow of $93 million in the prior year period.
• Regular quarterly dividend reset to $0.0875 per share, a decrease of 65% versus the prior dividend. This represents an annual dividend payout of $0.35 per share.

 

THE WOODLANDS, Texas, Nov. 6, 2025 /PRNewswire/ — Huntsman Corporation (NYSE: HUN) today reported third quarter 2025 results with revenues of $1,460 million, net loss attributable to Huntsman of $25 million, adjusted net loss attributable to Huntsman of $5 million and adjusted EBITDA of $94 million. 

Peter R. Huntsman, Chairman, President, and CEO, commented:

“As we expected, third quarter fundamentals remained consistent with the first half of the year. Volumes improved compared to the prior year while pricing in some parts of the portfolio remained under pressure. Cash generation and cost control remain top priorities for our Company. Our current restructuring programs, that will likely exceed $100 million in savings, remain on track and are expected to be completed in 2026. Additionally, our cash generation over the past year has been strong despite lower levels of profitability, reflecting quick actions taken on working capital and capital expenditure control in an ever-challenging environment. After thorough deliberation, and reflecting the global economic conditions of our industry, our Board decided to reset the regular dividend to 35 cents a share annually, a reduction of 65%. The adjusted dividend payout will allow us to preserve our financial flexibility as we continue to navigate this extended cyclical trough, while also allowing the Company to keep a balanced capital allocation program including a competitive regular dividend. We would anticipate returning to a higher dividend payout as soon as conditions warrant.”

Segment Analysis for 3Q25 Compared to 3Q24

Polyurethanes

The decrease in revenues in our Polyurethanes segment for the three months ended September 30, 2025 compared to the same period of 2024 was primarily due to lower average selling prices, partially offset by higher sales volumes. MDI average selling prices decreased primarily due to less favorable supply and demand dynamics. Sales volumes increased primarily in the Americas and Asia regions. The decrease in segment adjusted EBITDA was primarily due to the impacts of lower average selling prices, inventory reductions and lower equity earnings from our minority-owned joint venture in China, partially offset by higher sales volumes, lower raw material costs and cost savings achieved from our cost optimization program.

Performance Products

The decrease in revenues in our Performance Products segment for the three months ended September 30, 2025 compared to the same period of 2024 was primarily due to lower sales volumes and lower average selling prices. Sales volumes decreased primarily due to the closure of our Moers, Germany maleic anhydride facility and overall softening market conditions. Average selling prices decreased primarily due to competitive pressures. The decrease in segment adjusted EBITDA was primarily due to lower sales volumes and margins.

Advanced Materials

The increase in revenues in our Advanced Materials segment for the three months ended September 30, 2025 compared to the same period of 2024 was primarily due to higher average selling prices. Average selling prices increased primarily due to the positive impact of major foreign currency exchange rate movements against the U.S. dollar. Sales volumes were essentially unchanged from the same period in 2024. Segment adjusted EBITDA was slightly lower primarily due to an unfavorable impact from inventory reductions.

Liquidity and Capital Resources

During the three months ended September 30, 2025, our free cash flow from continuing operations was $157 million as compared to $93 million in the same period of 2024. As of September 30, 2025, we had approximately $1.4 billion of combined cash and unused borrowing capacity.

During the three months ended September 30, 2025, we spent $43 million on capital expenditures from continuing operations as compared to $41 million in the same period of 2024. During 2025, we expect to spend between approximately $170 million to $180 million on capital expenditures.

Income Taxes

In the third quarter of 2025, our effective tax rate was -43% and our adjusted effective tax rate was 40%.

Earnings Conference Call Information

We will hold a conference call to discuss our third quarter 2025 financial results on Friday, November 7, 2025, at 10:00 a.m. ET.

Webcast link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=FbX1HK73

Participant dial-in numbers:
Domestic callers:                    (877) 402-8037
International callers:               (201) 378-4913

The conference call will be accompanied by presentation slides that will be accessible via the webcast link and Huntsman’s investor relations website, www.huntsman.com/investors. Upon conclusion of the call, the webcast replay will be accessible via Huntsman’s website.

Upcoming Conferences
During the fourth quarter 2025, a member of management is expected to present at:
Seaport’s Chemical Cornucopia Conference, November 19, 2025
Citi’s 2025 Basic Materials Conference, December 2, 2025
Bank of America High Yield Conference, December 3, 2025

A webcast of the presentation, if applicable, along with accompanying materials will be available at www.huntsman.com/investors.

 

 

 

 

 

 

 

 

About Huntsman:

Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2024 revenues of approximately $6 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,300 associates within our continuing operations. For more information about Huntsman, please visit the company’s website at  www.huntsman.com . 

Social Media:

X : http://www.x.com/Huntsman_Corp
Facebook : www.facebook.com/huntsmancorp
LinkedIn : www.linkedin.com/company/huntsman

Forward-Looking Statements: 

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, divestitures or strategic transactions, business trends and any other information that is not historical information. When used in this press release, the words “estimates,” “expects,” “anticipates,” “likely,” “projects,” “outlook,” “plans,” “intends,” “believes,” “forecasts,” or future or conditional verbs, such as “will,” “should,” “could” or “may,” and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements, including, without limitation, management’s examination of historical operating trends and data, are based upon our current expectations and various assumptions and beliefs. In particular, such forward-looking statements are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the Company’s operations, markets, products, prices and other factors as discussed in the Company’s filings with the Securities and Exchange Commission (the “SEC”). Significant risks and uncertainties may relate to, but are not limited to, high energy costs in Europe, inflation and high capital costs, geopolitical instability, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of the Company’s operations, including any delay of, or other negative developments affecting the ability to implement cost reductions and manufacturing optimization improvements in the Company’s businesses and to realize anticipated cost savings, and other financial, operational, economic, competitive, environmental, political, legal, regulatory and technological factors. Any forward-looking statement should be considered in light of the risks set forth under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, which may be supplemented by other risks and uncertainties disclosed in any subsequent reports filed or furnished by the Company from time to time. All forward-looking statements apply only as of the date made. Except as required by law, the Company undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.

 

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SOURCE Huntsman Corporation