Jeff Zucker say the regulatory environment in the UK ‘has to change’ - LUCAS JACKSON/REUTERS The boss of an Abu Dhabi-backed fund blocked from taking control of The Telegraph has attacked red tape in Britain after abandoning a bid for ITV’s production arm. Jeff Zucker, chief executive of RedBird IMI, said his fund was planning to invest in UK companies but had been deterred by overly stringent regulations. He said: “The regulatory environment here has to change if the UK is going to continue to thrive. ...

CAMBRIDGE, England (Reuters) -Jeff Zucker, the chief executive of Abu Dhabi-backed RedBird IMI, said Britain's regulation of media and financial markets was deterring investment and holding back economic growth. RedBird IMI bought Britain's All3Media, the producer of hit TV show "The Traitors," last year for 1.15 billion pounds ($1.43 billion). It also agreed to buy Britain's Daily Telegraph newspaper in 2023, but it scrapped the deal after the government intervened to stop foreign states owning newspape ...