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Summary

  1. Updates on Monday, 18 July 2016
  2. News, sport, travel and weather updates resume at 08:00 on Friday

Live Reporting

By Mark Williamson

All times stated are UK

Get involved

Our coverage through the day

That's all for our coverage today which has focused on the the proposed takeover of one of the UK's biggest tech companies, Cambridge based ARM Holdings.

We'll be back tomorrow at 08:00 for more live updates for Cambridgeshire.

Until then feel free to contact us with your pictures, stories or comments today. Get in touch via emailFacebook or Twitter

ARM Holdings sold 15 billion microchips in 2015

Mark Williamson

BBC Local Live

ARM Holdings sold 15 billion microchips in 2015, according to co-founder Hermann Hauser.

ARM graphic
BBC

ARM's chip designs are at the heart of the vast majority of phones and tablets as well as an array of new smart devices. 

Mr Hauser said the result of the £24bn takeover deal by Softbank meant the "determination of what comes next for technology will not be decided in Britain any more but in Japan".  

Swanning about on the road near Whittlesey

Helen Burchell

BBC News

And finally... police were kept busy by this family swanning about on the B1040 at Whittlesey earlier today.  

Officers moved the two adults and five cygnets safely off the road before there was an accident, although it seems the male got a bit of a "cob on". 

"Daddy swan wasn't happy that we moved him and his family on," @FenCops tweeted.

Swans
FenCops

New station canopies and signalling work to cause rail disruption

Caroline Kingdon

BBC Local Live

Rail passengers face disruption to their journeys this autumn and winter while upgrade work is carried out.

It includes the installation of station canopies and signalling works for the new Cambridge North station, due to open in May 2017.  

Site of new station
BBC

Plans for this work, which will affect services between Norwich and Cambridge on 9, 15, 16 and 23 October, are still being finalised.

James Burles, managing director of Abellio Greater Anglia, advised customers to check their itinerary before travelling. 

Pride and sadness over sale of ARM Holdings

Mousumi Bakshi

BBC Radio Cambridgeshire

The founding director of the Cambridge Centre for Science and Policy has given his response to the proposed sale of ARM Holdings to Japan's Softbank for £24bn.

David Cleevely told BBC Radio Cambridgeshire he feels a "mixture of pride in Cambridge and sadness at the sale of another home grown company". 

"The UK and Cambridge can and has built global companies. We need the infrastructure investment to build more if we are to make a success of the UK in the new post-Brexit world," he said.

Weather: Unbroken strong sunshine tomorrow

Dan Holley

BBC Look East weather

It will be staying dry tonight with largely clear skies and light winds, with temperatures only slowly falling away to 13C (55F).

Tuesday will be another dry day with almost unbroken strong sunshine. Feeling hot and humid, with temperatures potentially as high 33C (91F).

More details on the BBC Weather website.

Weather
BBC

FTSE rises after ARM deal

BBC Business News

Shares in Cambridge-based microchip designer ARM Holdings are still flying since it announced a £24bn takeover by Japanese tech firm Softbank this morning.

FTSE 100-listed ARM is 42% higher and that's feeding through into gains for London's blue-chip index. The FTSE 100 is up 0.5% at 6,702 points.

Meanwhile, the pound is up against the dollar at $1.3262, and higher against the euro at €1.1980.

Timeline of Rikki Neave murder inquiry

Rikki Neave was last seen leaving for school on the morning of 28 November 1994.

His body was found the next day in a wooded area about five minutes' walk from his home on the Welland Estate in Peterborough.

Post-mortem tests found he had died as a result of compression to the neck.

Rikki Neave murder scene
BBC

His mother, Ruth Neave, was cleared of his murder at a trial in 1996. She later admitted child neglect and cruelty and was jailed for seven years.

Despite extensive investigations at the time, no-one was ever convicted of Rikki's murder.

Mrs Neave repeatedly called for the murder case to be reopened since her acquittal. It was finally reopened in June last year, leading to the arrest of a man in his 30s on 19 April on suspicion of murder.

Police trying to get Rikki Neave murder suspect back to the UK

A man suspected of murdering six-year-old Rikki Neave (pictured) more than 20 years ago has left the country while on bail.

Rikki Neave's naked body was found in woodland near his Welland Estate home in Peterborough in November 1994. He had been strangled.

Rikki Neave
Cambridgeshire Police

The investigation was reopened in June last year and a fresh appeal launched.

A 35-year-old man from Peterborough was arrested on 19 April and was due to answer bail in September. Police said they were trying to get him back to the UK.

"We have reason to believe that the man who was arrested in connection with the historic murder of six-year-old Rikki Neave left the country while on police bail," a police spokesman said.

"We have been in communication with him and are working with him and partner agencies in order for him to return to the UK promptly.

"He remains on police bail to return to a Cambridgeshire police station on September 20."

BreakingMan suspected of murdering Rikki Neave 'left the country'

A man suspected of murdering Peterborough schoolboy Rikki Neave more than 20 years ago has left the country while on bail, police say.

More to follow.

In the papers: Travellers leave school grounds... Warning to drivers over festival

Mark Williamson

BBC Local Live

We'll return to our big story of the day - the £24bn takeover bid for Cambridge's ARM Holdings - a bit later.

But before we take a look at what else is making the news, here's what's in the local papers today:

  • Travellers move on from Bottisham Village College after being handed police notice, reports the Cambridge News
  • The Peterborough Telegraph reports the city's BHS store will become one of the first to be closed by administrators this week
  • And the Hunts Post says police are advising drivers to leave extra time for journeys this week as more than 30,000 people attend the Secret Garden Party music festival

'Sad day for technology in Britain' says ARM co-founder Hermann Hauser

Mark Williamson

BBC Local Live

Meanwhile, ARM co-founder Hermann Hauser believes the proposed £24bn deal to sell the Cambridge-based tech company is a "sad day for technology in Britain".

The computing entrepreneur, who helped found Cambridge's world leading tech-scene, told the BBC: "ARM was the last British company with a global reach." 

Watch: Softbank investing in ARM for 'long term success'

Mark Williamson

BBC Local Live

Softbank chief executive Masayoshi Son says it will be investing in ARM Holdings for "long term success", following its £24bn takeover bid for the Cambridge tech firm.

ARM deal an 'exciting proposition for the future'

Mousumi Bakshi

BBC Radio Cambridgeshire

ARM Holding's chief executive has described the proposed £24bn deal with Japan's Softbank as "an exiting proposition for the future".

Simon Segars has also offered assurances about the tech firm's continued presence in Cambridge. 

"We're going to increase our headcount globally and specifically in the UK, where our headquarters will remain, we're going to double our headcount over the next five years," he said.     

Simon Segars
Arm Holdings

Mr Segars, who has been with ARM since it was founded in Cambridge in the 1990s, says he has been "blown away" by what the company has achieved and that it has "an exciting future" ahead of it.

Watch Simon Segars talk about the proposed takeover deal with Softbank

ARM Holdings 'precious jewel in the crown of British technology'

Simon Jack

BBC Business Editor

ARM Holdings is arguably the most the most precious jewel in the crown of British technology, its microchip designs are used in billions of devices. Sources close to the deal say the Japanese company considers ARM well-placed to exploit the so-called "internet of things", which may see microchips embedded in whole new categories of household and business devices.

The board of ARM are recommending shareholders accept the £24bn offer, which values the company at a premium to its market value of £16.8bn on Friday.

Prime Minister Theresa May recently questioned whether foreign takeovers of UK firms are always in the national interest. However, Softbank has committed to doubling the size of ARM's UK-based workforce over the next five years and new chancellor, Philip Hammond, welcomed the deal.

That allure has been boosted by the fall in the value of the pound since Brexit - making UK targets cheaper, and many industry watchers are predicting a new wave of foreign takeovers.

ARM has until recently argued its future was better served as an independent company. However, Stuart Chambers, ARM chairman since March 2014, is no stranger to making it big in Japan. He was responsible for selling Pilkington, another blue chip UK company, to Nippon Sheet Glass in 2006.

As close as we can get to ARM Holdings this morning...

Mark Williamson

BBC Local Live

BBC technology correspondent Rory Cellan-Jones is at the Peterhouse Technology Park, off Fulbourn Road, where tech firm ARM Holdings has its headquarters.

Cambridge is getting a lot of media attention today following the proposed £24m sale of the company that designs microchips used in most smartphones.

View more on twitter

Travel: A14 blocked near Newmarket following crash

BBC Travel

The A14 is blocked westbound near Six Mile Bottom following a crash involving a lorry and two other vehicles.

Theresa May has 'spoken to Softbank about ARM deal'

BBC Business News

Downing Street says that Prime Minister Theresa May spoke by phone with Softbank boss Masayoshi Son yesterday.

The PM's official spokeswoman told a regular Westminster briefing: "We welcome the announcement of investment this morning from Softbank... This is clearly a vote of confidence in Britain. It will be the biggest ever Asian investment in the UK.

"The Prime Minister spoke to the chief executive of SoftBank yesterday and welcomed the investment and their commitment to keeping the company in Cambridge and doubling the number of jobs over five years.

"This is good news for British workers, good news for the British economy. It shows - as the Prime Minister has been saying - that we can make a success of leaving the European Union." 

Digital minister welcomes ARM deal

Mousumi Bakshi

BBC Radio Cambridgeshire

Matt Hancock, the Minister of State for Digital and Culture in the new government, has welcomed the proposed £24bn ARM Holdings deal this morning...

View more on twitter

ARM deal shows UK has taken 'wrong turn', says Cambridge MP

Mark Williamson

BBC Local Live

The proposed sale of ARM Holdings suggests the UK "has taken a wrong turn" following the Brexit vote, says Cambridge MP Daniel Zeichner.

Responding to the announcement the Cambridge technology giant is set to be acquired by Japan's Softbank for £24bn, the Labour MP said "strong guarantees" need to be given about the company's future in the city. 

Daniel Zeichner
BBC

Within weeks of the European referendum we are seeing the sale of the jewel in the UK tech crown, Cambridge's greatest modern success story. Analysts will debate the impact on ARM, but there can be no doubt that Britain is losing control of one of our most innovative and successful companies. The promises and assurances are bold, but the power to decide moves elsewhere, and the government needs to consider how these promises can be guaranteed."

Daniel ZeichnerCambridge MP, Labour

Right time to invest in UK, says buyer of Cambridge's ARM Holdings

Mark Williamson

BBC Local Live

The founder of Japanese tech giant Softbank says he agreed to buy Cambridge microchip designer ARM Holdings for £24bn because it is the right time to invest in the UK.

View more on twitter

Masayoshi Son told a news conference in London: "I know a lot of people are concerned about the complicated political situation in the UK and some of my friends have businesses in the UK and they're very afraid.

"Some of them are discussing moving their headquarters out of the UK to relocate to somewhere else. I'm the opposite. I say this is the time to invest with a strong commitment and belief in the future of the UK," he said.

Reaction to proposed sale of ARM Holdings

Mark Williamson

BBC Local Live

Reaction is coming in to the proposed takeover of Cambridge's ARM Holdings to Japanese tech giant Softbank for £24bn.

Eastern Region Tory MEP Vicky Ford describes the deal as a "huge opportunity"...

View more on twitter

Guardian assistant editor Michael White says the takeover is "hugely impressive", but thinks it should have been the other way around...

View more on twitter

Let us know what you think - get in touch via emailFacebook or Twitter.

Vince Cable worried over ARM Holdings sale

Mark Williamson

BBC Local Live

Former business secretary, Sir Vince Cable, says he is worried about the £24bn deal to sell Cambridge-based ARM Holdings to Japan's Softbank.

Sir VInce Cable
BBC

I think this is the last of the home-grown British high tech companies that survived. People often ask why don't we have a British Facebook or Google - the reason is they get to a certain size, then they are taken over. I think, secondly, we don't have a system of defence against takeovers if they prove to be unsatisfactory."

Sir Vince CableFormer business secretary

The government said the deal showed Britain was "open for business - and open to foreign investment". 

Cambridge council leader welcomes reassurances over future of ARM Holdings in the city

Mousumi Bakshi

BBC Radio Cambridgeshire

The Labour leader of Cambridge City Council has welcomed reassurances over the future of ARM Holdings in Cambridge, following the proposed £24bn takeover by Japan's Softbank.

Lewis Herbert has issued a statement saying: "Given the momentous scale of this takeover, it is an important reassurance to staff and our residents that ARM Holdings will continue to operate and have its headquarters in Cambridge."

Lewis Herbert
BBC

"While future decisions affecting hundreds of local ARM employees will be taken in Japan as well as the UK, it is also good news that they will preserve the firm’s operating structure, including retaining the Cambridge and wider senior management team."

'There will be sadness in Cambridge' over ARM Holdings deal

Rory Cellan-Jones

Technology correspondent

It's hard to exaggerate just how important ARM is to the UK tech sector - and the shock many are feeling this morning at the news that it is about to lose its independence. 

Its brilliance was to realise that if chips were about to come with everything, you didn't have to make them - designing them was the key. 

Five years ago, Cambridge was home to at least three world-beating UK-owned technology firms - ARM, Autonomy and Cambridge Silicon Radio (CSR). Then Autonomy was swallowed up by HP in an ill-fated deal, last year the chipmaker Qualcomm bought CSR, and now the biggest and best, ARM, is about to have a Japanese owner. 

In Softbank, ARM may well have found a good parent. The Japanese firm bought France's Aldebaran robotics business and has gone on to give it a global profile. But there will still be sadness this morning in Cambridge, and beyond, that Britain's best hope of building a global technology giant now appears to have gone.

Acquisition of ARM is a big bet on the future

Karishma Vaswani

Asia business correspondent

Imagine a future where your fridge, your washing machine, even your hairbrush is a computer.

Everyday appliances all of a sudden transformed into intelligent, thinking and analytical machines.

And then think - how much would you pay to own the technology behind those devices?

That might help to explain why Softbank's eccentric chief executive Masayoshi Son is paying close to a 50% premium for Cambridge's ARM Holdings.

SoftBank
AFP

ARM doesn't make the chips that will eventually go into some of these devices, but it does design many of the chips used in smartphone devices (Apple and Samsung for instance) and other sensory devices today. ARM makes its money from charging a small royalty on its intellectual property.  

It's a big gamble, but then the Japanese technology entrepreneur has always been known to take big risks. 

ARM deal 'shows UK open for business'

BBC Business News

New UK Chancellor Philip Hammond says Softbank's £24bn takeover of ARM Holdings shows Britain remains attractive to overseas investors post-Brexit.  

Phillip Hammond
Getty Images

Just three weeks after the referendum decision, it shows that Britain has lost none of its allure to international investors. Softbank's decision confirms that Britain remains one of the most attractive destinations globally for investors to create jobs and wealth."

Philip HammondChancellor

ARM chief executive wants jobs promise to be 'legally binding'

Dominic O'Connell

Business Presenter, BBC Radio 4 Today programme

I've just had a chat with Simon Segars, chief executive of ARM. He tells me Softbank has pledged to keep ARM's headquarters in Cambridge, and to double the number of jobs in the UK - plus, keep the ARM management team in place. 

Now, cynics might say we have heard such assurances before from foreign buyers of British companies. But Segars told me the two companies are in talks with the Takeover Panel, the City watchdog that polices big deals, about making them legally binding. I am struggling to quite see how they would do that, but that is Segar's assurance. 

He also told me that this deal happened very quickly - the two companies have known each other for a decade, but the takeover talks started just weeks ago. 

Segars also said that the ARM board thought Softbank was the right partner because they would not jeopardise ARM's neutrality. Softbank works for Apple, it works for Samsung, so would not lock ARM into working only with one platform.  

ARM Holdings confirms takeover deal by Japan's Softbank

David Keller

BBC News

ARM Holdings has just confirmed it is to be bought by Japan's Softbank for £24bn ($32bn).

The board of ARM is expected to recommend shareholders accept the offer - which is around a 43% premium on its closing market value of £16.8bn on Friday.  

Shares in the technology firm surged by 45% at the open of the London Stock Exchange to 1,742.85p per share, adding £7.56bn to ARM's market value.  

ARM said it would keep its headquarters in Cambridge and that it would at least double the number of its staff over the next five years.  

Softbank says it will double UK staff at ARM Holdings

BBC Business News

Japan's Softbank says it will double the number of UK staff at ARM Holdings, following the proposed £24bn takeover deal

The Cambridge-based microchip designer currently employs 3,000 people.  

Masayoshi Son
SoftBank

Softbank, one of the world's biggest technology companies, considers ARM well-placed to exploit the "internet of things" - the embedding of microchips in whole new categories of household and business devices.

Masayoshi Son (above), chairman of Softbank, said: "This investment also marks our strong commitment to the UK and the competitive advantage provided by the deep pool of science and technology talent in Cambridge. 

"As an integral part of the transaction, we intend to at least double the number of employees employed by ARM in the UK over the next five years".  

A good day to own shares in ARM Holdings

Mark Williamson

BBC Local Live

This is a good morning if you own shares in Cambridge tech giant ARM Holdings...

The share price has soared to a record high following the announcement of a £24bn takeover deal being sought by Japan's Softbank.

View more on twitter

Cambridge-based ARM Holdings set to be sold for £24bn

Mark Williamson

BBC Local Live

Our top story this morning - Cambridge-based ARM Holdings, one of the UK's biggest technology companies, is set to be sold for £24bn.

Microchips
ARM Holdings

ARM, which designs microchips for smartphones including Apple's iPhone, was set up in Cambridge in 1990 and now employs more than 3,000 people.

The board of ARM is expected to recommend shareholders accept the offer from Japan's Softbank - one of the world's biggest technology companies.

The BBC understands that Softbank will commit to doubling the size of ARM's UK workforce over the next five years. Barring government intervention, the final decision will be made by shareholders.

Weather: Very warm, sunny and dry

Kate Kinsella

BBC Look East weather

Today will be a fine and dry day with spells of strong sunshine, making it feel very warm across the county - with the highest temperatures towards the west.

Maximum temperature: 28C (82F). Find out more at BBC Weather.

Travel: Multi-vehicle crash on A14 near Cambridge

BBC Travel

There has been a multi-vehicle crash westbound on the A14 near Cambridge. The carriageway is blocked at junction 31, Girton.

View more on twitter

Welcome to Cambridgeshire Live

Mark Williamson

BBC Local Live

We'll be here with live news, sport, weather and travel updates between now and 18:00.  

The big news this morning - Cambridge-based ARM Holdings, one of the UK's biggest technology companies, is set to be sold for £24bn. 

ARM, which designs microchips for mobile phones including Apple's iPhone, employs more than 3,000 people - we'll bring you more on this morning's announcement shortly.

And it looks like we might be in for a bit of a heatwave - a full weather forecast coming next.

Feel free to contact us with your pictures, stories or comments today. Get in touch via emailFacebook or Twitter.