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, [...]
Tough markets offset growth in Hargreaves Lansdown’s business August 5, 2022 Hargreaves Lansdown today said “difficult” market conditions in the first half of 2022 have halted its growth trajectory in causing the value of the assets administers to drop 9 per cent to £123.8bn. The Bristol headquartered company said major downturns in the FTSE, Nasdaq, and S&P 500 offset £5.5bn worth of new business in [...]
Google searches for solar panels rocket more than 300 per cent as cost of living and energy crises hit August 15, 2022 Google searches for solar panels have rocketed by more than 300 per cent this year, with the cost of living and energy crises hitting hard, writes Cat Branagan. More Brits are looking for alternative and cleaner energy sources it has been shown by a new report of Google Trends data. Searches shot 316 per cent [...]
Depleted chickpea crops across world as prices of hummus products surge this year July 10, 2022 Hummus lovers may be forced to cough up more for their favourite snack as global chickpea supplies are set to be depleted this year, amid the war in Ukraine. Poor weather and the war between Russia and Ukraine has dealt a blow to farmers growing the protein. Chickpea supplies could be down some 20 per [...]
Saudi Aramco unveils record profits of £133.9bn after oil price surge March 12, 2023 Saudi Arabian oil giant Aramco reported a record annual profit of £133.7bn ($161.1bn) for 2022 - powered by higher energy prices.
London-listed FinnCap snaps up sustainability consultancy in ESG push April 28, 2022 London-listed broker finnCap has snapped up a major stake in sustainability consultancy Energise today as the firm extends its reach into environmental, social and governance (ESG) advisory.
Glencore expects strong year from trading arm but reports lower copper output April 30, 2024 lencore reported total copper production of about 239,700 tonnes for the first quarter, compared to 244,100 tonnes a year earlier. It said cobalt production was down due to lower output at its Mutanda mine in Congo.
UK automotive output down by 100,000 cars as supply chain issues continue to bite April 28, 2022 The UK automotive production was down by 100,000 cars in the first quarter of 2022 as a combination of pandemic-induced supply chain issues and the war in Ukraine continued to bite. According to data by the Society of Motor Manufacturers and Traders (SMMT), output declined by 32.4 per cent on 2021 levels, going from 306,558 [...]
European IPO tech slump: London comes out on top December 7, 2022 The European tech industry has lost more than $400bn (£327bn) in value as dealmaking ground to a halt this year amid ongoing economic uncertainty. According to a report by London-based Atomico, tech startups across Europe are on track to raise $85bn (£70bn) in funding this year, down $15bn (£12bn) on 2021 levels. The report said [...]
Wizz Air reports increasing passenger demand despite war headwinds April 4, 2022 Wizz Air has reported an ongoing increase in passenger demand despite headwinds caused by the war in Ukraine. The low-cost carrier said today passenger demand in March peaked at 2.5 million passengers – a 416 per cent increase on the same month last year – at a load factor of 86.2 per cent. Over the [...]