Close Brothers: How the motor finance scandal reshaped one of ‘Europe’s least cost-efficient lenders’
Financial services to plough cash into UK defence in 2026 Banking Financial services are planning to pump cash into the UK’s defence sector next year after facing pressure to ramp up investment amid increased geopolitical tensions. Nearly two-thirds of financial services leaders expect the sector to increase investment in UK defence in 2026, with more than a quarter anticipating that investment will rise “much more” over [...]
Ex-head of British Army to lead Santander’s defence lending Banking The former head of the British Army is set to lead Santander’s bid to bolster its defence lending as the industry experiences soaring demand with nations upping spending. General Sir Patrick Sanders was the chief of the general staff from 2022 to 2024 in the British Army and is set to join the Spanish-headquartered bank [...]
Cohort’s shares rally after soaring defence demand spikes profit Tech Defence tech group Cohort shot past market expectations for the year ending April 30 as geopolitical tensions helped spike demand. The London-listed firm, whose customers included the UK Ministry of Defence, recorded a pre-tax profit of £25.6m, up 29 per cent from 2024. This came as revenue jumped 33 per cent to £270m as the [...]
Babcock shares soar as FTSE 100 giant hails ‘new era’ for defence June 25, 2025 Engineering giant Babcock posted a jump in profit for the latest financial year as the firm’s boss hailed a “new era for defence”. The FTSE 100 company – which plays a significant role in supporting the UK’s nuclear submarine program – recorded an 11 per cent increase in revenue to £4.8bn. Meanwhile, operating profit surged [...]
Drones, AI, space: where to invest amid defence tech boom April 1, 2025 The world is rearming at a dizzying pace. Global defence spending has surged at an annual rate of 4.2 per cent since 2020 – that’s four times faster than pre-pandemic levels, according to the Stockholm International Peace Research Institute. By 2030, that figure is expected to hit $3.4tr, reflecting rising geopolitical tensions and the race [...]
Preparing for war: What we didn’t learn from the pandemic March 12, 2025 The health service may not have been ready for the pandemic, but the rest of government was even less prepared. As we brace for a potential war, it’s time policy makers listen to that warning, says Joe Hill Carl von Clausewitz, the Prussian general, famously asserted that war was the “continuation of politics by other [...]
MOD urged to learn from Ukraine’s war with Russia and ’embrace AI’ January 10, 2025 The ministry of defence (MOD) has been urged to swiftly adapt to artificial intelligence (AI)’s potential in defence to avoid falling behind its global adversaries. According to the Defence Committee’s recent report, the MOD should learn from Ukraine’s use of AI on the battlefield, embracing it as a core part of its operations and strive [...]