Lloyds subsidiary fined £160,000 for Putin ally sanctions breach Banking A subsidiary of Lloyds Banking Group has been fined for sanctions breaches after it opened a bank account for an ally of Russian President Vladimir Putin. Bank of Scotland, a subsidiary of Lloyds since 2009, was fined £160,000 by the Office of Financial Sanctions Implementation (OFSI) on Monday for breaching Russian sanctions. Although not named [...]
Rolls-Royce, BAE, Babcock: Defence shares rally after Trump remarks Markets Shares in London-listed defence firms rallied during early trading on Wednesday after President Donald Trump changed his tune on the Russia and Ukraine conflict. Aerospace firm BAE Systems led the City’s blue-chips with a 1.6 per cent gain to 1,982.50. Meanwhile Babcock was up over one per cent to 1,195 and FTSE darling Rolls-Royce rose [...]
Defence stocks rise as Europe’s tensions with Russia escalate Markets European defence stocks rallied on Wednesday after the shock arrival of Russian drones across the border with Poland sent tensions in the region to fresh highs. Shares in FTSE 100 giant BAE Systems closed up 2.1 per cent to 1,830p by the end of the day’s trading in London, while Italy’s Leonardo rose 2.4 per [...]
Von der Leyen: Russia must pay for Ukraine’s recovery September 10, 2025 The European Commission has called for another package of sanctions against Russia with President Ursula von der Leyen saying: “This is Russia’s war, and it is Russia that should pay.” During her 2025 ‘State of the Union’ address, von der Leyen emphasised that European taxpayers should not be the only ones bearing the brunt of [...]
Defence: Babcock, BAE, Rolls-Royce plunge on Ukraine summit August 19, 2025 London-listed defence stocks plunged across the board on Tuesday, after this week’s talks between Washington and Ukraine led traders to pare back bets on the role that European countries will play in any post-ceasefire peacekeeping efforts. Shares in FTSE-100 engineering group Babcock – one of the best performing companies on the London Stock Exchange this [...]
Ukraine War: Trump says Zelensky and Putin to meet after ‘very good’ summit August 19, 2025 Presidents Vladimir Putin and Volodymyr Zelensky will meet, Donald Trump has said following a White House summit with European leaders aimed at bringing an end to the war in Ukraine. The US president spoke directly with the Russian president to begin planning a meeting between the two warring leaders, which will then be followed by a [...]
Crunch summit: Starmer, Zelensky and European leaders to meet Trump in DC August 18, 2025 Sir Keir Starmer will join European leaders in presenting a united front with Volodymyr Zelensky at his crunch meeting at the White House with Donald Trump. The Prime Minister and six other political leaders will travel to Washington DC on Monday, with the aim of protecting Ukraine from having to submit to Russian land grabs [...]
Starmer speaks with Trump after president’s Ukraine ceasefire talks with Putin August 16, 2025 Sir Keir Starmer has spoken with Donald Trump after the US president’s summit with Vladimir Putin ended without a deal to stop the war in Ukraine. The Prime Minister joined a call with Trump and Ukraine’s Volodymyr Zelensky, as well as other European leaders, after the US-Russia ceasefire talks, Downing Street said. Trump did not [...]