Press Digest: Financial Times - July 8

MTU Aero Engines AG

08/07/2026 03:33

July 8 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
     
Headlines
     - UAE's Adnoc strikes $1 billion deal for Shell's South African fuels business
- Aberdeen-backed internet provider seeks buyer after steep losses
- Airbus to make first foray into engine manufacturing with hydrogen tie-up
- Terry Smith accuses Unilever of misleading him over $66 billion food deal

Overview
- ADNOC Distribution ADNOCDIST.AD said it had agreed to buy Shell's SHEL.L downstream business in South Africa for an implied enterprise value of about $1 billion. 
- Aberdeen-backed UK broadband provider Airband has initiated a process to find a new owner following a strategic review after racking up heavy losses.
- Airbus AIR.PA and German engine maker MTU Aero Engines MTXGn.DE plan to establish a joint venture in 2027 to develop and sell a fully electric hydrogen fuel-cell engine for aircraft.
- High-profile investor Terry Smith has accused Unilever ULVR.L of misleading him over its divestment strategy and warned that the spin-off of its food business bears "all the hallmarks" of Nelson Peltz, the activist investor who has targeted the group.

     
     

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