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      HSBC: City market’s top firm turns to Asia and Middle East

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      Premiership run-in: Saints and Bath will impact top four

      2Look at the Premiership table and you’ll see that the top team and Challenge Cup finalists Bath are 15 points clear of second-placed Leicester Tigers, and Champions Cup finalists Northampton Saints are 17 points safe from dropping out of the top eight.

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      Here We Are, National Theatre, review: Stephen Sondheim musical is more Severance than sing-a-long

      Rory Kinnear and Jane Krakowski lead the cast in Here We Are, the final show with music from the composer Stephen Sondheim (Photo: Marc Brenner)

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Defence

  • China sanctions US defence giants Lockheed Martin and Raytheon for supplying Taiwan weapons

    February 16, 2023

    China imposed trade and investment sanctions on Lockheed Martin and a part of Raytheon for supplying weapons to Taiwan. The move steps up efforts to isolate the island democracy claimed by the ruling Communist Party as part of its territory. Lockheed Martin and Raytheon Missiles and Defence are barred from importing goods into China or [...]

  • Sunak under pressure to increase defence spending amid NATO warnings

    February 13, 2023

    Prime Minister Rishi Sunak is under pressure to increase the UK’s defence spending after NATO called for allies to boost ammunition production to support Ukraine. Tory backbenchers have issued stark warnings that Britain’s armed forces are “woefully ill-prepared” for a major conflict and that low defence spending is a “false economy”. It came as NATO [...]

  • MoD accused of ‘blowing millions’ on car hires while cutting Army size

    January 2, 2023

    The Ministry of Defence has been accused of “blowing millions” of pounds on hire cars and taxis last year while cutting the size of the Army. A freedom of information (FoI) request by the PA news agency revealed the MoD spent £16.6m on hire cars for staff in the year to November, up from £12.9m [...]

  • MoD awards Lockheed Martin with £129m 10-year drone contract

    December 16, 2022

    The Ministry of Defence has awarded aerospace giant Lockheed Martin with a £129m contract to provide drones to the UK’s army.  As part of the ten-year deal, the group will provide more than 250 drones with high-resolution imaging that can identify targets far from the operator.  Lockheed Martin’s technology is already being used by the [...]

  • BAE Systems post revenue over £10bn with Saudi deals a tenth of this as new chair brought in

    July 28, 2022

    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 [...]

  • 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 [...]

  • Lady Cobham: UK mustn’t sell off defence crown jewels

    June 19, 2022

    LADY Cobham, the daughter-in-law of the founder of the defence giant Cobham, has warned the UK government it cannot afford to allow British defence firms to fall into foreign hands. Cobham was bought by a US private equity firm in 2020, with Lady Cobham at the time warning the government it should have stepped in [...]

  • Australia reaches settlement with French firm to ease ‘Aukus’ tensions

    June 12, 2022

    Australia has reached a settlement with France's Naval Group, as compensation for scuppering a submarine contract with the country.

  • British defence firm Meggitt posts humble growth as it gears up for £6.3bn US takeover

    April 21, 2022

    Revenue for the British defence firm Meggitt was up a humble five per cent this morning as the company gears up for a US takeover. Whilst this was a slight boost from the previous year, revenue was still down 23 per cent compared to pre-pandemic levels. Meggitt stated that though it was pleased with the [...]

  • Spring budget: Defence and foreign aid set to miss out on rise as war rages in Ukraine

    March 21, 2022

    Britain’s defence and foreign aid budgets are set to miss out on an increase in the Spring budget, despite Russia’s war in Ukraine putting pressure on the UK’s responsibilities abroad. Chancellor Rishi Sunak sidestepped suggestions the conflict could lead to a rise in cash for defence, pointing to £24bn spent last year. This comes after [...]

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