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US-owned Cobham close to takeover of UK defence manufacturer Ultra

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Defence manufacturer Ultra Electronics is on the verge of accepting a takeover offer from rival Cobham, in a move that would further extend the private equity industry’s grip on the British aerospace sector. Ultra sai...

Chinese-owned firm acquires UK’s largest semiconductor manufacturer

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The UK’s largest producer of semiconductors has been acquired by the Chinese-owned manufacturer Nexperia, prompting a senior Tory MP to call for the government to review the sale to a foreign owner during an increasin...