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The Latest Breaking News from IMI

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

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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

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 Guardian - UK

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…

The National (Scotland)

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Explosion At Old Bunker In Herzliya Creates Large Crater

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

Zenger

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

The Guardian - UK

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.

RideApart

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

The Independent UK

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

Birmingham Post

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.

Al Jazeera

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

The Independent UK

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news in one place.

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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…

Daily Record

Scots SEAT dealership boss honoured for helping community

One of the directors of a family-run Scottish SEAT dealership has been recognised by fellow automotive industry professionals for her unstinting charitable community efforts in recent times.

Birmingham Post

Work completes on new IMI Truflo Marine in Birmingham

Engineering group will relocate across the city to a new home on the Advanced Manufacturing Hub

People

Mansour Bin Zayed Al Nahyan

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