What Trump’s victory means for UK markets November 6, 2024 Donald Trump and the Republicans have had a stunning victory in the US elections. Now is the time to dissect what it means for the UK. The win for Trump brings the issue of tariffs front and centre. One of Trump’s main campaign pledges was to impose tariffs on imports. China is likely to face [...]
BAE Systems plots £220m transformation to create hundreds of jobs October 29, 2024 Defence company BAE Systems is planning to invest £220m to transform its Rochester base into an “advanced technology” factory. The century-old site, which specialises in aerospace technologies and electronic systems, will be revamped into a “state-of-the-art” 32,000sqm facility. BAE Systems expects the bigger and “more efficient” factory will create 300 jobs over the next five [...]
Qinetiq orders grow as defence boom continues October 15, 2024 Qinetiq inked a £150m deal with the British Army to deliver "tactical military communications," in the most recent quarter.
BAE Systems raises full year guidance amid ongoing geopolitical tension August 1, 2024 BAE systems upped its full year guidance and hiked its interim dividend off the back of a bumper half year trading update which saw healthy jumps in revenue and profit.
Will Starmer dare deal with the merchants of death? July 1, 2024 There’s one substantial, profitable sector where industrial strategy could actually work: Defence. But with some on the left calling for an arms embargo, will the Labour leader look to defence as the driver of growth it could be? Asks Eliot Wilson If you can find solid principles underlying the Labour Party’s economic and industrial policy, [...]
UK defence sector raked in £28bn last year as war drives military spending June 26, 2024 The UK defence sector grew by 36 per cent between 2013 and 2023 and raked in £28bn last year as war drives military spending globally, according to a new report.
Qinetiq share price soars as global defence spending rises May 23, 2024 Defence contractor Qinetiq has hiked its dividend as a surge in national defence spending lifted full-year profit to £215.2m.
BAE Systems expect another bumper year as Ukraine and Gaza wars boost defence spending May 9, 2024 BAE Systems has maintained its guidance on sales and earnings for the year ahead as conflict in Ukraine and the Middle East rages on.
Keir Starmer: Nuclear ‘triple-lock’ is ‘bedrock’ of Labour policy with 2.5 per cent of GDP for defence April 12, 2024 Keir Starmer committed Labour to spend 2.5 per cent of UK GDP on defence while saying a commitment to nuclear weapons was a 'bedrock' of policy.
Babcock and Airbus chiefs call on UK to boost defence spending March 24, 2024 Two of the UK's biggest defence firms have called on the government to spend more on its armed forces amid the "changing face" of warfare.