High Court rules aircraft lenders can recover loss from planes stuck in Russia June 11, 2025 In a substantial blow for insurers, the High Court concluded that 'War Risk' insurers to foot the bill over aircraft lost in Russia
Can government force £2.5bn Abramovich Chelsea funds to Ukraine? June 8, 2025 Last week the UK government threatened to take Russian oligarch Roman Abramovich to court to make sure the £2.5bn raised from his sale of Chelsea FC went to Ukraine. Abramovich owned Chelsea from 2003 until his forced sale in 2022 following Russia’s illegal invasion of Ukraine. But the proceeds of the sale to a consortium [...]
In Musk v Trump, the markets will win June 6, 2025 City AM columnist Rainer Zitelmann has been predicting a rift between Musk and Trump ever since the two started working together. Now that this has happened, the French daily newspaper L’Express has spoken to him again. The interview was conducted by Thomas Mahler. “I never believed that the alliance between Elon Musk and Donald Trump would last,” [...]
Russia is running rings around our sanction regime June 6, 2025 Vigilante hackers and rogue merchant vessels are putting Britain on the back foot, while our opponents run rings around our current sanctions list. A broader legal definition of conflict would give Britain the flexibility to catch these rogue actors and keep Britain secure, says Robert Buckland Earlier this week, the government released its Strategic Defence [...]
Calls to overhaul UK’s ‘outdated’ sanctions regime June 5, 2025 Experts are calling for an overhaul of the UK’s “outdated” sanctions regime, which is “ill-equipped” to face modern forms of crime and conflict. Former justice secretary Robert Buckland has argued for reforming the UK sanctions system to better suit modern threats, writing in a report by the Adam Smith Institute (ASI). The Sanctions and Anti-Money [...]
Babcock: FTSE 100 shares double in value to ten-year high June 4, 2025 Shares in Babcock, the FTSE 100 aerospace, defence and nuclear engineering services giant, have rocketed to their highest value since 2015 after doubling in price. The London-listed group has enjoyed a bumper 2025 so far, with its share price rising from just over 500p at the start of January to now be priced at more [...]
FTSE 100 defence stocks: Rolls-Royce, BAE Systems and Babcock shares surge June 2, 2025 Shares in FTSE 100 giants Rolls-Royce, BAE Systems and Babcock have surged off the back of the UK government unveiled its strategic defence review. Plans to build up to 12 new nuclear-powered attack submarines have been included in the 130-page document, which concludes UK must prepare for conflict in Europe or the Atlantic and move [...]
Starmer refuses to commit 3 per cent defence spending despite ‘battle-ready’ claim June 2, 2025 Keir Starmer has been criticised for failing to commit to increasing defence spending to 3 per cent of GDP. The Prime Minister vowed to put in place the “largest sustained increase in defence spending since the Cold War,” with a 2.5 per cent share of GDP going to defence. However, the PM maintained that hitting [...]
Keir Starmer defends uncertainty over defence spending target June 2, 2025 Sir Keir Starmer has defended not setting a precise date for when the UK will deliver its “ambition” to spend three per cent of GDP on defence. The Prime Minister is facing backlash after the government appeared to row back from an important target ahead of Monday’s strategic defence review announcement. Starmer told the BBC [...]
UK must be prepared for conflict in Europe or Atlantic, defence review to conclude June 2, 2025 The UK plans to build up to 12 new nuclear-powered attack submarines, it will be announced on Monday as the government unveils its strategic defence review. The 130-page document will conclude UK must prepare for conflict in Europe or the Atlantic and move to “war-fighting readiness” as a countermeasure to Russian aggression. But Sir Keir [...]