Press Digest: Financial Times - July 7

AP Moeller - Maersk A/S

07/07/2026 04:50

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
     
Headlines
- Novartis to buy UK biotech Myricx Bio in $1.5 billion deal
- Sky agrees £1.6 billion ITV deal as UK broadcasters take on streaming rivals
- Ocado paves way for exit of boss Tim Steiner after succession clash 
- Maersk to send first cargo through Suez Canal since start of Iran war

Overview
- Novartis NOVN.S has agreed to buy UK cancer treatment group Myricx Bio in a deal that could be worth as much as $1.5 billion, the latest foreign takeover of a British biotech.
- Comcast's CMCSA.O Sky has agreed to buy ITV's ITV.L television business in a £1.6 billion ($2.14 billion) deal as they seek to fend off the threat posed by U.S. digital giants such as Netflix and YouTube.
- Britain's Ocado OCDO.L said Tim Steiner would continue to serve as chief executive until the start of the 2028 financial year, when the technology company will aim to have a successor in place following weeks of speculation over its leadership.
- AP Moller-Maersk MAERSKb.CO said it will sail a ship through the Suez Canal and Red Sea for the first time since the outbreak of the Middle East conflict in a sign of confidence the ceasefire will hold.

($1 = 0.8740 euros)

($1 = 0.7465 pounds)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))