Business

The government has intervened in the £6.3bn takeover of UK defence and aerospace technology firm Meggitt to assess national security concerns. Shareholders last month voted to back the acquisition of Meggitt by US rival Parker-Hannifin, after the deal was agreed by the UK group’s board in August. But Business Secretary Kwasi Kwarteng has now issued
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UK economic growth picked up in August as bars, restaurants and festivals benefited from a first full month without COVID restrictions in England, official figures show. Gross domestic product (GDP) increased by 0.4% month-on-month, according to the Office for National Statistics (ONS) – slightly below experts’ average forecast of 0.5% growth. However the report also
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