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The Latest Breaking News from IMI

NGOs urge Nandy to halt sale of Telegraph over China links

Letter from rights groups says RedBird Capital’s proposed takeover threatens media pluralism and transparency

The Guardian - UK

Why it matters who owns a newspaper

The House of Lords this week approved government legislation that will allow foreign states to hold up to a 15% stake in British newspaper publishers.

The Conversation

Tariff optimism lifts shares after US-China deal

For the week, the FTSE 100 added 0.3%.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

UAE delegation visited No 10 before law change that paves way for stake in Telegraph

Exclusive: Delegates met officials weeks before UK set out higher-than-expected cap on foreign state ownership of newspapers

The Guardian - UK

Foreign states should not be co-owners of UK newspapers

The definition of an acceptable state stake should be zero if one is serious about protecting press freedom

The Guardian - UK

Decision on foreign state stakes in UK press could end Telegraph limbo

Cap of 15% could allow US firm RedBird Capital to finalise deal to buy titles after two years of uncertainty

The Guardian - UK

UK stocks buoyed as ‘optimism’ enters markets amid raft of company earnings

The FTSE 100 rose 46.12 points, or 0.55%, to close at 8,463.46.

Evening Standard

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RedBird Capital confident of tabling a deal to take control of Telegraph

Guardian understands plan from US private equity firm to form a consortium or self-fund could come as soon as next month

The Guardian - UK

IMI confirms hack, becomes latest engineering giant to face cyberattack

Attack was most likely a data breach, but IMI is staying quiet.

TechRadar

Engineering group IMI latest UK firm to be hit by cyber attack

FTSE 100 firm IMI has isolated certain systems while it deals with the hack and is working with externally-hired cybersecurity specialists.

Evening Standard

Telegraph up for sale as RedBird IMI walks away after UK backlash

UAE-backed investment group says new legislation means takeover of newspapers is ‘no longer feasible’

The Guardian - UK

Telegraph takeover: UK plans law to stop foreign ownership of newspapers

New legislation could thwart planned £600m purchase of media group by UAE-backed consortium

The Guardian - UK

MPs add to pressure on ministers to vet Barclay family’s Telegraph offer

Call for national security law to be used to investigate proposed deal involving consortium backed by UAE

The Guardian - UK

Whitehall infighting could hamper scrutiny of Telegraph sale

Foreign Office could stifle possible inquiry into bid from Abu Dhabi-backed fund RedBird IMI in absence of cabinet secretary

The Guardian - UK

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news in one place.

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The Guardian - UK

Frontrunner in Telegraph newspaper takeover bid accuses rivals of hypocrisy

Jeff Zucker of Abu Dhabi-backed Redbird IMI insists editorial independence of titles would be protected

The Guardian - UK

The Telegraph, the autocracy and free speech: can RedBird IMI calm media fears?

One of the investors bidding for the paper is the vice-president of the UAE, which is ranked far down the press freedom index

The National (Scotland)

Telegraph and Spectator expected to be bought over by Abu Dhabi-backed fund

Abu Dhabi-backed investment fund RedBird IMI has paved the way to take control of the Telegraph and Spectator publications after agreeing loans to…

Zenger

Explosion At Old Bunker In Herzliya Creates Large Crater

Blast likely tied to decommissioned IMI site; IDF denies military activity

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news in one place.

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The Guardian - UK

British Land to drop out of FTSE 100 in reshuffle but Ocado survives

Developer hit by higher interest rates and 2022’s mini-budget but online retailer buoyed by stronger sales at M&S

RideApart

Zero Motorcycles Seeks To Electrify The Philippine Market In 2023

Zero Motorcycles is eyeing to enter the Philippines in 2023 through a partnership with a subsidiary of the Ayala Corporation.

The Independent UK

Jeff Zucker, former CNN president, announces his next move in $1bn sports venture

The former CNN president resigned from his role in February after it was revealed he had an undisclosed relationship with a colleague

Birmingham Post

Smart thermostat maker Heatmiser to be taken over in near £120m deal

The company delivers over 90% of its products in the UK as well as in Europe, Australia, New Zealand, South Africa and China

Al Jazeera

Mass firing at UAE newspaper raises censorship concerns

The closure of Al Roeya reflects the limits set on freedom of speech and local media in the UAE.

The Independent UK

Mass firing at UAE newspaper raises question of censorship

A state-linked newspaper in the United Arab Emirates published a story this summer about a hot-button issue in the country: How Emiratis are coping with high fuel prices

Benzinga

Elbit Bags $548M Contract In Asia-Pacific; Completes Sale Of Ashot

Elbit Systems Ltd (NASDAQ:ESLT) has secured a contract valued at $548 million to supply military-wide multi-domain combat networked warfare capabilities to the Armed Forces of a country in Asia-Pacific. ESLT, which is engaged in networked warfare programs in several countries, will perform the contract over a four-year period. The program will include extensive…

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