PRESS DIGEST-British Business - July 7

Lockheed Martin Corporation
Comcast Corporation Class A
BP PLC Sponsored ADR

Lockheed Martin Corporation

LMT

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Comcast Corporation Class A

CMCSA

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BP PLC Sponsored ADR

BP

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- The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The Times

  • Lockheed Martin LMT.N will buy naval defense company Ultra Maritime from private equity firm Advent for $3.45 billion, bolstering its portfolio as global demand for military technology surges.

  • Jim Ratcliffe has warned that China is unfairly dumping chemicals into the European market at unsustainable prices, accelerating the closure of the industry on the Continent.

The Guardian

  • A once-a-day Wegovy weight-loss pill has gone on sale at high street and online pharmacies in the UK, but is not yet available on the NHS.

  • The Scottish government is about to consider a sweeping moratorium on building new datacentres, putting a key plank of the UK's AI strategy at risk.

The Telegraph

  • Billionaire entrepreneur Zuber Issa has agreed to buy 85 forecourts from the collapsed Prax Group as he races to build a new fuel empire.

  • Andy Burnham's most senior economic aide has demanded urgent reform after claiming a recent surge in levies had failed to improve public services.

Sky News

  • Comcast's CMCSA.O Sky has agreed to buy the broadcast channels and streaming service of Britain's ITV ITV.L for £1.6 billion ($2.14 billion), creating a British champion to compete with global players YouTube, Netflix, Amazon and Disney.

  • BP's BP.L interim chair Ian Tyler ‌has indicated interest in taking on the chairman role on a permanent ​basis

($1 = 0.7469 pounds)