UK donates long-range cruise missiles to help defence of Ukraine May 11, 2023 Ukrainians will have the “best chance to defend themselves” after the UK’s donation of Storm Shadow cruise missiles, the defence secretary has said. Ben Wallace confirmed that he and Prime Minister Rishi Sunak had agreed to authorise the donation after continued Russian attacks on Ukraine. He told the House of Commons: “Today I can confirm [...]
Purplebricks shares tumble to just over 1p as rival Strike moots asset deal May 11, 2023 Troubled online estate agent Purplebricks has seen its shares plummet to yet another record low after revealing exclusive talks with rival Strike over a deal, but reiterated warnings there would be little to return to shareholders. The group’s stock crashed to just over 1p at one stage on Thursday following the announcement after the market [...]
John Wood Group’s revenues rise as Apollo deal deadline looms May 11, 2023 John Wood Group said on Thursday its quarterly revenue rose on the back of a steady demand across its business units.
High power prices boost Engie earnings in first quarter May 11, 2023 French energy company Engie on Thursday reported a rise in first-quarter earnings, buoyed by high European power prices.
Square Mile and Me: Katrina Cheverton talks paper rounds, City life and the push for more diversity May 11, 2023 We dig into the memory bank of the City’s great and good: this week, Katrina Cheverton, CEO of recruitment and consulting firm Savannah Group, joins City A.M. for a chat.
Wagner Group: UK to put Russia mercenaries on proscribed terror list alongside ISIS May 10, 2023 The UK is set to designate Russia’s mercenary Wagner Group as a proscribed terrorist organisation, it is understood. The Times quoted a government source as saying the move was “imminent” and likely to be enacted within weeks after two months spent building a legal case. Proscription would make it a criminal offence to join Wagner, [...]
Suncor Energy’s profits beats estimates on strong demand and tight supplies May 9, 2023 Suncor Energy has reported better-than-expected first-quarter profits, helped by steady demand for energy amid crimped global supplies.
Virgin Galactic shares take-off after astronaut test flight announcement May 9, 2023 Space-tourism company Virgin Galactic Holdings said on Monday that a four-member test flight will take place in May and that it aims to launch its first commercial flight in late June. Shares in Virgin Galactic jumped four per cent after the company said the May mission would be the final test of the spaceflight system [...]
King and Queen wave from Buckingham Palace balcony May 6, 2023 The King and Queen set the seal on their historic coronation day with a Buckingham Palace balcony appearance to acknowledge the nation. Charles and Camilla waved to the cheering crowds from the balcony, who filled The Mall after braving downpours to see a colourful ceremonial military procession not seen for 70 years. The Prince and [...]
Ukraine ‘downs Russian hypersonic missile’ May 6, 2023 Ukraine’s air force claims to have downed a Russian hypersonic missile over Kyiv using Patriot defence systems recently acquired from allies. It is the first known time the country has been able to intercept one of Moscow’s most modern missiles. Air force commander Mykola Oleshchuk said on Telegram that the Kinzhal-type ballistic missile was intercepted [...]