The City roundup video: Hollywood animators Dreamworks in talks over potential takeover

Video: Jim Armitage provides a run-down of the day's major news from the City

Click to follow
The Independent Online

Don't miss out on the goings on in the business world, with our daily roundup of the biggest news from the City.

Hollywood animators Dreamworks, the studio behind box office smash hits such as Shrek and How to Train Your Dragon, are said to be in talks with Japanese tech investors SoftBank over a possible takeover. SoftBank's risk-taking founder and chief executive, Masayoshi Son, has past experience with good investments and is keen to turn round the fortunes of the studio that has struggled to emulate the success of the films it produced in the early and mid-noughties.

Construction giant Balfour Beatty saw its shares plummet by 20 per cent today after the profits the organisation forecast were well down on what was expected. The latest profit warning marks the fifth in two years for the company that is still trying to recover from a number of ill-judged deals following the Lehman Brothers recession in 2008.

Video: Monday's business roundup

And finally, Lloyds bank have sacked eight of their staff following the recent libel scandal. The bank also report that the bonuses of all of these staff members, thought to be in the region of £3 million, have been taken back following the decision.