NEED TO KNOW

Your three-minute digest

Barclays will reduce its fixed rates on purchase and remortgage deals by up to 0.45 percentage points on Friday
Barclays will reduce its fixed rates on purchase and remortgage deals by up to 0.45 percentage points on Friday
ALAMY

1 Homeowners face cheaper mortgages after three high street lenders cut rates on more than 100 deals. Barclays, HSBC and TSB are all set to reduce fixed-rate deals in a move that could save households hundreds of pounds a month.

2 Sony Music, the world’s second biggest record group, has written to more than 700 artificial intelligence companies, accusing them of using its artists’ content without permission, as tension builds between the creative and technology sectors.

3 The prospect of government opposition to a proposed £3.5 billion acquisition of the Royal Mail’s parent company has receded after Kemi Badenoch, the business secretary, welcomed contractual undertakings being negotiated as part of a takeover by Daniel Kretinsky, a billionaire Czech investor.

4 Scott Timlin, a star