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The 58-year-old shrugged off the fake news on Tuesday and put on a pair of trainers for an invigorating walk with Michaela around their neighbourhood in Sydney.
UK government criticised after £9bn sale of two London-listed defence firms to US-backed buyers
Ministers are under pressure to block the private equity takeover of defence group Ultra Electronics. Former defence secretary Lord Heseltine has slammed the £2.6billion bid from US bidder Advent International, which is acting through Cobham – another British military supplier which it bought last year in a bitterly contested deal. Accusing the business secretary Kwasi Kwarteng of 'abandoning industrial strategy', the Tory grandee called for rigorous checks to be conducted before any deal is approved. Heseltine, a successful businessman who served under Margaret Thatcher and John Major...
Private equity swoops on British defence giant: Ministers told to block £2.6bn takeover of Ultra Electronics by Cobham owner Advent The defence group's board said it was minded to back the offer of 3500p per share from US buyout firm Advent The approach by Advent came through Cobham, another UK defence firm it bought last year in a bitterly-contested deal Any deal is likely to trigger an official review due to the highly-sensitive technology Ultra supplies to the armed forces, particularly the Royal Navy In a bid to ensure the deal goes through, Advent has said it is prepared to make n...
Simon Pryce, Chief Executive, commented: "We are today publishing our interim results early to provide shareholders with details of our stronger than anticipated first half performance and excellent strategic progress. As flagged in our 5 July trading update, demand in our core defence & critical detection markets have remained robust. This together with our focused strategy and technology investment is driving expansion in our £12bn sales pipeline (8), and further growth in our order book which, at £1.3bn, is a record for Ultra. W...