Rotork Agrees to £4.1bn Swiss Takeover by ABB

Rotork, a Bath-based engineering firm, has agreed to a £4.1bn takeover by Swiss company ABB at 506p per share, becoming the latest UK firm acquired by a foreign rival amid a wave of takeovers.

Reeves 'Failed' on Growth in Final Week as Chancellor

Rachel Reeves has 'failed' in her economic growth mission, the Tories warn in her final week. GDP grew just 0.1% in May, following a 0.1% dip in April. Shadow Chancellor Sir Mel Stride said: 'She has failed.'

UK Nationalises British Steel to Protect Industry

The UK government has brought British Steel under public ownership via the Steel Industry (Nationalisation) Act 2026, aiming to secure steel production, protect jobs, and strengthen national supply chains.

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