Lockheed Martin is to acquire British undersea warfare specialist Ultra Maritime from Advent’s Cobham Ultra for $3.45bn, as global conflicts drive record defence demand.
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ITV agrees £1.6bn sale of media and entertainment arm to Sky in landmark broadcasting deal
ITV has agreed to sell its media and entertainment business to Sky for up to £1.6bn, creating a UK broadcasting champion to take on Netflix and YouTube. Free-to-air protected until 2034.
OpenAI in talks to hand Trump’s White House a $43bn stake ahead of $1tn flotation
OpenAI is in talks to hand the US government a 5% stake worth $43bn as Sam Altman courts the Trump administration ahead of a $1tn New York flotation.
Brompton sells stake to Decathlon and Chinese backer in £18m deal
Brompton has sold a 15% stake to Decathlon and China’s BA Capital in an £18m deal to fund expansion in France and China, its largest market.
UKEF bets £50bn on British defence in biggest expansion of its 100-year history
UK Export Finance has unveiled a £50bn Defence Export Fund, lifting its total capacity to £130bn to help British defence firms of all sizes win major global contracts.
British Business Bank puts UK scale-ups in ‘fifth gear’ as direct investing tops £600m
The British Business Bank has invested more than £600m into 50-plus UK scale-ups, doubling its direct equity activity in nine months as it targets £400m a year.
Sky lines up £2bn pledge to Coronation Street maker as £1.6bn ITV deal nears
Sky’s £1.6bn takeover of ITV’s broadcasting arm is set to include a £2bn, five-year spending pledge to ITV Studios, securing the future of Coronation Street and Emmerdale.
Midlands beats every UK region outside London for foreign investment jobs
The Midlands created 5,970 foreign investment jobs in 2025, the most of any UK region outside London, as the EY 2026 Attractiveness Survey ranks Birmingham second only to the capital.
Find My Move launches free property portal as agents tire of rising listing fees
Hampshire-founded Find My Move has launched a free property portal for agents and landlords, signing up more than 9,000 subscribers as portal advertising costs climb.
Crown Estate banks £1bn war chest as it waits for borrowing powers to kick in
The Crown Estate held back nearly £1bn for capital projects, halving its Treasury payout to £487m as it awaits new borrowing powers under the Crown Estate Act 2025.
Silicon Valley money lands on British AI certifier as John Doerr backs isometric
Silicon Valley billionaire John Doerr has written the second-biggest cheque in a $40m round for Isometric, the London AI certification firm founded by an Onfido co-founder.
Green energy trust scraps dividend and heads for wind-down, leaving investors nursing heavy losses
Shares in SEIT slumped to a record low after the former market darling confirmed a liquidation plan that puts debt reduction ahead of dividends, as activist Saba Capital tightens its grip
Bezos bets on Cambridge as Cuspai’s AI materials hunt hits $2.6bn
Jeff Bezos has backed Cambridge materials-discovery start-up CuspAI through Bezos Expeditions, in a $400m round that lifts its valuation to $2.6bn.
American Express buys TheFork from Tripadvisor in $700m bet on European dining
American Express has agreed to buy restaurant booking app TheFork from Tripadvisor for $700m, expanding its European dining network to 75,000 venues.
Cohere triples its London base to cash in on Britain’s sovereign AI bet
Canadian AI firm Cohere is tripling its London office at 100 New Oxford Street, betting on surging UK government and enterprise demand for sovereign AI.
