BAE Systems post revenue over £10bn with Saudi deals a tenth of this as new chair brought in Defence giant BAE Systems reported higher sales and revenue for the first half of 2021 helped by work with Saudi Arabia as it met market expectations and announced a new Chair from next year. The defence company’s sales were up 2.8 per cent from the previous year’s first half to £10.6bn as its revenue climbed 4.3 per cent [...]
SEC Chair calls Bitcoin a commodity and likens other crypto assets to securities SEC crypto securities Securities and Exchange Commission Chair Gary Gensler called Bitcoin a commodity while likening other crypto assets to securities. “Many of these financial assets, crypto financial assets, have the key attributes of a security,” he said to CNBC’s Jim Cramer on Monday. “Some, like Bitcoin… my predecessors and others have said, they’re a commodity.” He said [...]
Cyber security firm Kape has soaring revenue and profits after high-profile acquisitions Digital security Leading cyber security firm Kape reported a near 90 per cent increase in revenue following a series of high-profile acquisitions this year. The company announced its final results for 2021 on Tuesday, reporting it brought in $230m (£175m), an increase from $122m (£92m) the previous year. This comes after it completed the acquisition of online [...]
Government minister urges consumers to be more cautious about online security March 14, 2022 Consumers need to be even more cautious with their digital activity amid “heightened international tensions”, warned James Cleverly.
Marlowe profits rocket as firm raises full year guidance December 1, 2021 Business critical services firm Marlowe announced this morning that its profits have rocketed in the six months ended 30 September. The group’s operating profit has registered a 122 per cent growth compared with the same time last year, going from £7.4m to £16.4m, while its adjusted EBITDA margin has hiked by 300 bps, from 14.8 [...]
UK satellite company Inmarsat agrees £5.4bn takeover by U.S. rival Viasat November 8, 2021 The British satellite communications company Inmarsat has agreed a $7.3bn (£5.4bn) takeover by the U.S. rival Viasat.
U.S. blacklists four ‘spyware’ companies from Israel, Russia and Singapore November 3, 2021 The U.S. Commerce Department added four companies from Israel, Russia and Singapore to its "entity list" this morning, saying they engaged in "activities that are contrary to the national security or foreign policy interests of the United States."
US spy couple accused of selling nuclear secrets October 11, 2021 US nuclear engineer Jonathan Toebbe and his wife Diana were arrested on espionage-related charges on Saturday, announced the US Department of Justice. The couple, who was apprehended by the FBI and the Naval Criminal Investigative Service, stands accused of selling restricted data regarding the design of nuclear-powered warships. The Toebbes will appear in a West [...]