New anti-drone base to be built in Scotland to create Europe’s main hub for high-energy laser weapons July 19, 2022 The defence and intelligence technology firm Raytheon UK said this morning the war in Ukraine has highlighted the threat posed by drones. Therefore, an anti-drone hub is to be built in Scotland to help meet the growing demand for laser weapons which target small attack drones. The firm’s president of electronic warfare systems, Annabel Flores, [...]
Kremlin’s grip on Kyiv: Chaos and mass exodus at Ukrainian security services as Zelensky fires dozens of officials for treason July 19, 2022 Only a day after two senior Ukrainian officials were dismissed over allegations that their agencies harboured “collaborators and traitors”, the country’s President Volodymyr Zelensky has expanded the shakeup of his security services on Monday by suspending 28 more officials. In his nightly video address, Zelensky said a “personnel audit” of the Security Service of Ukraine [...]
Darktrace hikes profit margin forecast on bumper customer growth July 19, 2022 Cybersecurity giant Darktrace hiked its full-year profit margin forecast to 19.5 per cent today as it said it expected a surge in revenues to $417m for the year to June.
Begbies Traynor bosses expect rising insolvencies in the coming months July 19, 2022 Begbies Traynor’s revenue has jumped more than a third over the past year, as the business recovery and financial advisory firm scoops up ailing firms. Executive chairman of the London-listed group, also a property services consultancy, said a string a acquisitions and a spike in trading has lifted its financials “comfortably ahead of original market [...]
Wise reports jump in revenues as transactions hit £24.4bn July 19, 2022 UK fintech firm Wise said revenues had jumped to £185.9m in the first quarter of the year after a surge in transactions on its platform in the three months to June.
Supermarket shoppers face £454 extra to yearly grocery bill as inflation bites July 19, 2022 Shoppers are now facing a £454 increase to their annual supermarket bills, with grocery price inflation edging towards the highest level since 2008. According to the latest numbers from Kantar, grocery price inflation now sits at 9.9 per cent for the past four weeks. This marks the second highest level of inflation seen since 2008, [...]
Heatwave continues: Britain prepares for scorching temperatures as rail, retail and airports face disruption July 19, 2022 Brits are set to face temperatures of up to 41c today which is likely to be the hottest day on record. The country is struggling to cope with the extreme temperatures, with Luton Airport temporarily grounding all flights yesterday due to the heat, which melted a part of the tarmac. London’s transport network continues to [...]
Photo-Me posts ‘extremely strong’ results as Covid restrictions ease July 19, 2022 Photobooth operators Photo-Me today vowed to pay its shareholders almost £25m in the form of a special dividend after posting “extremely strong” results for the first half of 2022. The Epsom headquartered firm, that sells a range of photobooths and vending machines, said its balance sheet was bolstered by the reopening of the global economy, [...]
Lawyers circle London Metal Exchange after nickel market meltdown July 19, 2022 London Metal Exchange is preparing to fend off a bevy of legal challenges from the US after it sensationally halted nickel trading earlier this year.
Bosses weigh up closing hospitality and leisure businesses as high energy prices take their toll July 19, 2022 Companies operating within the hospitality and leisure sector are struggling to tame high energy bills, revealed eEnergy.