Rolls-Royce CEO’s pay slashed by almost £10m despite rocketing FTSE 100 shares March 6, 2025 The chief executive of Rolls-Royce, Tufan Erginbilgic, has seen his pay slashed by almost £10m despite transforming the fortunes of the FTSE 100 giant. The CEO took home a pay packet of £4.1m for the Derby-headquartered group’s latest financial year, down from the £13.6m he received in the prior 12 months. Erginbilgic’s previous remuneration package [...]
Defence spending is one thing, but does Gen Z have the will to fight? March 5, 2025 It’s not just our diminished armed forces that leave Britain vulnerable to Putin, it’s a generation raised on the idea that Britain isn’t worth fighting for, says James Price In his “Politics and the English Language” George Orwell warned against using tired, old metaphors, as they reflected tired, old thinking. But the poor frog in [...]
Tory MP warns UK should ‘consider possibility Trump is a Russian asset’ March 4, 2025 A Conservative MP has warned the UK should “consider the possibility that President Trump is a Russian asset”. Graham Stuart, a former Foreign Office minister, posted the remark on X, formerly Twitter, after the US President halted military aid to Ukraine. Overnight, the White House suspended delivery of ammunition and other equipment to Kyiv after [...]
Reform UK overtakes Labour in City AM poll for first time March 3, 2025 Reform UK has overtaken Labour on voting intention for the first time in City AM‘s monthly tracking of UK voters. Reform came top of the monthly voting intention tracker with 27 per cent, versus Labour’s 24 per cent and the Conservatives’ 23 per cent, according to the poll by City AM Freshwater Strategy poll. The [...]
BAE Systems boss in line for huge pay day at FTSE 100 giant March 3, 2025 The chief executive of FTSE 100 defence giant BAE Systems is in line for a huge pay day if shareholders approve proposed changes to the group’s remuneration policy. Charles Woodburn could be handed a bonus worth 500 per cent of his base salary, which currently sits at £1.27m, if he is still in post in [...]
FTSE 100 giants Rolls-Royce and BAE Systems surge following Ukraine defence summit March 3, 2025 UK and European defence shares rose to near-record highs on Monday morning lead by names such as Rolls-Royce and BAE Systems, after the defence summit in London, at which European leaders emphasised support for Ukraine and pledged to raise defence spending. The STOXX 600 rose 0.4 per cent boost, following ten consecutive weeks of gains [...]
Minerals deal: Zelensky meets Trump in bid for US backing against Russia February 28, 2025 Ukrainian President Volodymyr Zelensky is meeting Donald Trump at a pivotal moment for his country, as he tries to persuade the White House to provide some form of US backing for Ukraine’s security against any future Russian aggression. Zelensky made a thumb’s up sign but did not speak to reporters as he arrived at the [...]
International development minister resigns over cuts to foreign aid February 28, 2025 International development minister Anneliese Dodds has resigned over the Prime Minister’s cuts to the foreign aid budget. Dodds, a former shadow chancellor, has quit her posts in the foreign office and as women and equalities minister, in the wake of Keir Starmer’s move to reduce overseas aid to fund increased defence spending, which she revealed [...]
Week in Business: Will more defence spending mean higher taxes? February 27, 2025 Cutting the international aid budget to boost defence spending – sounds like a fair exchange in a time of war and hazard – but there’s more to this announcement than meets the eye. The Prime Minister was deadly serious when he stood up in the Commons this week to declare that the country faces a [...]
Serco’s profit jumps as defence arm grows February 27, 2025 Serco has posted revenue of £4.8bn for 2024, in line with prior guidance, thanks to a notable improvement in organic growth, particularly in its North American Defence business. Serco, the global provider of public services, reported underlying operating profit growth of 10 per cent to £274m, with a sharp 30 per cent increase in the [...]