New anti-drone base to be built in Scotland to create Europe’s main hub for high-energy laser weapons July 19, 2022 The defence and intelligence technology firm Raytheon UK said this morning the war in Ukraine has highlighted the threat posed by drones. Therefore, an anti-drone hub is to be built in Scotland to help meet the growing demand for laser weapons which target small attack drones. The firm’s president of electronic warfare systems, Annabel Flores, [...]
Kremlin’s grip on Kyiv: Chaos and mass exodus at Ukrainian security services as Zelensky fires dozens of officials for treason July 19, 2022 Only a day after two senior Ukrainian officials were dismissed over allegations that their agencies harboured “collaborators and traitors”, the country’s President Volodymyr Zelensky has expanded the shakeup of his security services on Monday by suspending 28 more officials. In his nightly video address, Zelensky said a “personnel audit” of the Security Service of Ukraine [...]
Worldwide excitement as stunned space researchers discover black hole outside our galaxy July 18, 2022 A stellar-mass black hole has been observed in a neighbouring galaxy by a team of international scientists. The newly found black hole is at least nine times the mass of the Sun, and orbits a hot, blue star weighing 25 times the Sun’s mass. The dormant black hole sits outside the Milky Way. The star [...]
Chaos in south-west London as multiple streets are flooded while 70 firefighters rush to Kingston July 18, 2022 Several streets in south-west London have flooded following a burst water main. Around 70 firefighters and 10 fire engines responded to the scene on Galsworthy Road in Kingston upon Thames on Monday morning, alongside the police. Footage shared on social media shows flooding on several roads which have been closed nearby. Thames Water has said [...]
Rishi Sunak: The mega-rich golden Tory boy whose crown is slipping after meteoric rise under Boris Johnson July 18, 2022 At the start of the pandemic, Rishi Sunak was the most popular politician in Britain as the former hedge fund manager rolled out an unprecedented furlough scheme which saved millions of jobs as the economy ground to a halt. Once the golden boy of the Tory Party, Sunak enjoyed a meteoric rise under Boris Johnson [...]
Mordaunt’s boss Trevelyan launches merciless attack on Tory leadership hopeful: ‘Others picked up the pieces’ July 18, 2022 Tory leadership hopeful Penny Mordaunt, currently one of the favourites to win the contest, received some harsh criticism this morning from within her own party. In fact, from her boss. Mordaunt missed key meetings in her role as a Government minister in order to plot her leadership campaign, her departmental boss has claimed. The trade [...]
Dark clouds gather over the City as staggering 136 London-listed companies issue profit warnings July 18, 2022 As cost inflation bites and more and more Brits start thinking about their spending, a growing number of London-listed companies have issued a series of profit warnings this year. In fact, the number of firms which issued the warnings – always a headache for shareholders – jumped by 66 per cent in the first six [...]
City bombshell: Hundreds of angry Northern Rock clients sue TSB Bank for £800m after being trapped in high-interest mortgages July 18, 2022 City A.M. was told this morning that TSB Bank is facing a legal action worth up to £800m, brought by customers who claim they were locked into mortgages with ‘excessively high’ interest rates. Today, six years to the day since TSB bought £3.3bn mortgages from Northern Rock, approximately 200 homeowners whose mortgages have been administered [...]
Roman Polanski files open after 45 years, judge planned to imprison film director before he fled US July 18, 2022 A Los Angeles judge privately told lawyers he would renege on a plea deal and imprison Roman Polanski for having sex with a teenage girl in 1977, a former prosecutor has testified, setting the stage for the renowned director to flee the US as a fugitive. A previously sealed transcript – obtained late on Sunday [...]
Rising star Dufrain gets City vote of confidence as private equity investor PEP checks in with fresh cash July 18, 2022 Data management and analytics firm Dufrain confirmed this morning it has agreed fresh funding from Phoenix Equity Partners, a private equity investor in medium-sized UK companies. The cash will be used to fuel the next stage of its growth as part of a management buyout, the firm said. Dufrain has so far delivered year-on-year revenue [...]
