Business
Aerospace giant Airbus buys UK cybersecurity firm
Aerospace and defence giant Airbus has agreed to acquire UK cybersecurity firm Ultra Cyber, a strategic move to bolster its European cyber defence capabilities.
The Maidenhead-based company, employing over 200 staff, will be purchased for an undisclosed sum from private equity firm Advent International. Ultra Cyber currently forms part of Advent’s Cobham Ultra defence business.
Airbus expects the deal, set to finalise in the second half of 2026, to reinforce its position as a “trusted, sovereign partner for the UK and a key supplier to its allies”.
The acquisition will also bolster its cybersecurity presence across Europe, complementing existing operations in Newport, Wales.
The acquisition follows Airbus’s purchase of German cybersecurity firm Infodas in 2024.
Ultra Cyber was originally part of former FTSE 250 firm Ultra Electronics, which was bought by defence firm Cobham for £2.6 billion in 2021, a year after Cobham had been bought by Advent.
Last year, Advent agreed to buy Ultra Precision Control Systems from US firm Eaton and Bloomberg reported earlier this month that the private equity firm is also looking to sell of its Ultra Maritime business after recent conflicts stoked demand.
Mike Schoellhorn, chief executive of Airbus Defence and Space, said: “This acquisition testifies to our long-term commitment to the UK as a core home market.
“By joining our expertise with Ultra Cyber’s unique capabilities, we are acting as a long-term, trusted partner to the UK Ministry of Defence.
“We are building the resilient, sovereign infrastructure required to help keep the UK and its allies ahead in the cyber domain.”
Shonnel Malani, managing partner at Advent and chairman of the board at Ultra Electronics, said: “During what has been a time of major geopolitical tension and uncertainty, we are proud that the investments made in Ultra Cyber, under Advent’s ownership, have supported efforts to help protect the country and its allies from electronic warfare, and contributed to strengthening the UK’s sovereign capabilities.”
MUMBAI: The board of markets regulator Sebi on Monday approved some major changes to the disclosure rules governing the chairman, whole time members (WTMs) and other senior officials of the body. These changes, including public disclosure of their own assets and liabilities, and of their family members, were mostly based on the recommendations of the high-level committee (HLC) on conflict of interest of the senior officials and board members of Sebi.The market regulator’s board also approved changes to some of the rules governing foreign portfolio investors (FPIs) that would allow these investors to net out their trades in the equity cash segment of the market. Under the new disclosure norms, the Sebi WTMs will be categorised as ‘insiders’, the regulator said in a release. All these officials will have uniform application of restrictions on investments and trading (in equity and equity-related instruments, other than permitted investments in mutual funds etc.) as currently applicable to employees, the release said. Also, they could invest in any pooled vehicle, provided the scheme is professionally managed by a regulated market intermediary.The new rules also mandated that when an official joins Sebi as its chairman or a WTM, the official will have four options to choose from for existing equity investments. The official could liquidate all the investments, freeze them, sell the investments according to a trading plan or sell them without a trading plan with prior approval.“Investments in equity and equity-related instruments in commercial ventures (including unlisted companies) must be fully liquidated or kept frozen” during the tenure of the official. “Vested options, if any, must be exercised before joining Sebi,” the release said.The HLC was formed in April 2025, soon after Tuhin Kanta Pandey, then a top bureaucrat in the finance ministry, took over as top markets regulator. A panel on the issue was necessitated after there were allegations of conflict of interest with the previous Sebi chief, which were denied by the official.
Energy prices fall and stock markets rebound after the US president says “very good and productive” talks have been held.
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Business
WNBPA President Nneka Ogwumike says new CBA will have a major impact on players’ bank accounts
The Women’s National Basketball Player’s Association ratified the terms of a new collective bargaining agreement Monday, calling it “transformational” and “bigger than basketball.”
The new CBA begins this season and runs through 2032.
When asked her opinion of the most important outcome from the deal, WNBPA President Nneka Ogwumike had two words: “Bank accounts.”
“Being able to have your worth tied mostly in your salary is all that we’ve been fighting for, and it’s what we were able to achieve,” Ogwumike told CNBC Sport in an interview.
The deal increases the average player salary to $583,000 in 2026 with the potential to increase to more than $1 million by 2032. The maximum salary for players will now be $1.4 million in 2026 and could grow to more than $2.4 million by 2032, based on current WNBA financial projections.
Ogwumike acknowledged the salary increases may change players’ plans for how they spend their off-seasons.
The average WNBA salary was $120,000 in 2025, spurring many players to play abroad or in other leagues, such as 3-on-3 league Unrivaled, for extra money.
“Prioritizing where you want to play is going to look a lot different now that we’ve been able to negotiate a structure, a salary structure, that is tied to the revenue of the business,” Ogwumike said.
Several WNBA players, including five-time WNBA All-Star Napheesa Collier, have expressed a loss of confidence in WNBA Commissioner Cathy Engelbert in recent months, criticizing her empathy and communication with players. Ogwumike expressed optimism that players will be able to work in tandem with Engelbert under the new CBA structure.
“I told her that we’re standing here with you, Cathy,” Ogwumike said. “We were able to come to this deal and go through the process of this deal, however bumpy or smooth it was, we got here. It’s important for her to understand that we as players are at the table with her and all WNBA leadership to have achieved something that’s incredibly historical. So, I feel like there probably isn’t a better way to represent us settling our differences and moving forward in a league that we all care about then by signing this deal.”
Watch CNBC Sport’s full interview with WNBPA President Nneka Ogwumike.
— CNBC’s Jessica Golden contributed to this report.
Sebi tightens disclosures for top officials – The Times of India
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