Defence giant Lockheed Martin strikes deal with north east firm to help companies get manufacturing contracts June 21, 2022 Lockheed Martin has teamed up with a northern firm in a partnership to help companies get lucrative manufacturing contracts. The US defence giant, which works in aerospace and security, announced the deal with RTC North following the UK Space Sector Skills and Supplier Summit it hosted in Newcastle. It is considering basing its UK operations [...]
Industrials bump London’s FTSE 100 higher as investors focus on proven dividend payers June 21, 2022 London markets were bumped higher this morning by investors pouring into industrial giants. The capital’s premier FTSE 100 index climbed 0.59 per cent to 7,163.79 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 0.61 per cent to hit 19,127.22 points. Investors are seemingly [...]
Explainer-in-brief: What Macron’s losses in parliament mean for France June 21, 2022 French President Emmanuel Macron finds himself in an unenviable position this week, as he starts picking up the pieces after an extraordinary defeat in the parliamentary elections. With a slim majority of 245 seats, it won’t be easy for the government to introduce any groundbreaking policy. Right-wing leader Marine Le Pen, who was defeated at [...]
Nuclear conflict: why we must consider the risks June 21, 2022 In the wake of Russia’s attack on Ukraine, the risks of nuclear conflict have become clearer both inside and outside the world of finance. Yet many market watchers have simply thrown up their hands under the mistaken assumption that when it comes to nuclear weapons, nothing they do will matter. Such a philosophy is inadequate on [...]
Gilbert’s AssetCo buys Edinburgh asset manager to bolster Scottish business June 21, 2022 Martin Gilbert’s asset management vehicle AssetCo has snapped up Scottish firm SVM Asset Management Holdings for £10.7m, as it looks to broaden its footprint north of the border.
Safestore boosts profits amid flurry of acquisitions June 21, 2022 Profits have spiked at self-storage giant Safestore - powered by a strong trading performance and increased earnings from investment properties.
NHS agrees to pay £120k in damages to bereaved fiancee in covid first June 21, 2022 A woman whose fiance died after taking the covid jab has claimed to have received the first covid vaccine damage payment of £120,000.
Cost of living crunch: Shoppers exposed to extra £380 on yearly grocery bill June 21, 2022 Shoppers are now facing an additional £380 to their annual grocery bill as grocery price inflation has hit its highest level in 13 years. According to freshly published data from insight firm Kantar, grocery price inflation hit 8.3 per cent over the past four weeks, the highest level since April 2009. It comes as all [...]
New acquisitions to help Schroder European Real Estate Investment Trust weather economic storm June 21, 2022 Dealmaking and buyouts will help Schroder European Real Estate Investment Trust weather the geopolitical and economic storm brewing over the continent, one fund manager has said today. “New acquisitions will provide further diversification and help maintain the attractive dividend,” fund manager Jeff O’Dwyer said in a statement this morning, as the firm seeks “sustainable rental [...]
Legal challenge over retail price index changes could cost taxpayer $40bn, analysts warn June 21, 2022 The government could be forced to fork out as much as £40bn in compensation if a legal challenge launched today over the Treasury’s move to recalculate retail prices succeeds, analysts have warned.
