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The Latest Breaking News from IMI

Sky considers ending controversial UAE news joint venture

Sky News Arabia has been accused of broadcasting propaganda and whitewashing genocide in Sudan

The Guardian - UK

FTSE 100 extends slide as Brent crude tops 90 dollars a barrel

For the week, the FTSE 100 was down 5.7%, the FTSE 250 fell 5.3% and the AIM All-Share dipped 4.2%.

Evening Standard

US owners Carlyle back £150m refinancing at debt-laden retailer Very

It was part of a wider deal which saw the retail business extend some of its loans.

Evening Standard

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Daily Mail owner strikes £500m deal to buy Telegraph titles

Acquisition likely to trigger in-depth investigation by regulator after agreement between DMGT and Redbird IMI

The Guardian - UK

‘We’re sick of being the story’: what next for the Telegraph after takeover collapses?

Media group’s future is again in limbo – and it faces questions over the asking price as well as regulatory hurdles

The Guardian - UK

RedBird Capital drops £500m Telegraph takeover bid

US private equity group’s deal collapses amid newsroom criticism and threat of regulator intervention

The Guardian - UK

FTSE 100 slips amid Bank of England rate hold and fresh US falls

The FTSE 100 Index closed down 41.30 points at 9,735.78.

Evening Standard

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FTSE 100 nudges higher but weak data dents pound

The UK unemployment rate unexpectedly rose in the three months to August, numbers showed.

Evening Standard

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

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

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Evening Standard

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.

The Guardian - UK

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

TechRadar

IMI confirms hack, becomes latest engineering giant to face cyberattack

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

Evening Standard

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.

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news in one place.

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The Guardian - UK

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

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…

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