Chemring shares plunge despite record orders Business Chemring shares plunged on Tuesday as production and foreign exchange headwinds dented investor confidence despite booming orders. The FTSE 250 British defence contractor’s order book reached a record £1.04bn in 2024, meaning more than two-thirds of next year’s revenue forecast is already covered. Such soaring demand saw Chemring double down on a target of reaching [...]
Starmer vows to put Ukraine ‘in strongest possible position for negotiations’ with Russia Politics The Prime Minister will say that Ukraine must be put in the “strongest possible position for negotiations” with Russia, addressing the possibility of a negotiated settlement for the first time. Speaking at the Lord Mayor’s Banquet, Sir Keir Starmer will tell attendees at the white tie Guildhall dinner that the eastern European nation must be [...]
UK needs to innovate at wartime pace, defence secretary says Politics The UK needs “innovation at a wartime pace”, the defence secretary has said as he announced a new strategy for the industry. As he launched a defence industrial strategy, which is being developed alongside the government’s strategic defence review, John Healey said war game exercises to test the military’s capabilities will be carried out with [...]
UK net migration hit record 906,000 peak before 20 per cent fall November 28, 2024 Net migration in and out of the UK has dropped by 20 per cent to around 728,000 in the past year, official figures have shown, after hitting a record peak of 906,000. The level reached a higher than previously thought figure of 906,000 in the year to June 2023, according to fresh data from the [...]
Russia expels UK diplomat over spying claim November 26, 2024 Russia has expelled a British diplomat and accused him of spying. The UK’s ambassador to Moscow has also been summoned by the Ministry of Foreign Affairs. The moves come amid escalating tensions between Moscow and western countries over Ukraine. The UK diplomat has had his accreditation revoked and must leave the country, news agency Tass [...]
UK ‘not at war’ Starmer insists as he rebukes Putin’s ‘irresponsible rhetoric’ November 22, 2024 Sir Keir Starmer has insisted the UK is “not at war” and criticised Russian leader Vladimir Putin for his “irresponsible rhetoric”. The Prime Minister asked during a round of regional radio interviews about concerns over escalation in the conflict in Ukraine. On Thursday, Russia used a new ballistic missile in Ukraine, which Putin said was [...]
Defence secretary refuses to confirm whether UK missiles were used against Russia November 21, 2024 The defence secretary has insisted he “won’t be drawn on operational details” of the conflict in Ukraine amid reports UK-made missiles have been fired into Russia. Russia’s military said it has shot down two UK-made Storm Shadow missiles, following reports that debris from the weapons had been discovered in the country’s Kursk region, which borders [...]
Russian Olympic champion sanctioned by UK over aiding “forced deportation” of Ukrainian children November 19, 2024 Russian former Olympic champion gymnast Nikita Nagornyy has been sanctioned by the UK Government for helping to forcibly deport Ukrainian children. Nagornyy, 27, was added to the Foreign, Commonwealth and Development Office UK Sanctions List on Tuesday for his part in what it called the “forced deportation and re-education of Ukrainian children”. Nagornyy, described by [...]
FTSE 100 drops as investors flee European stock markets over Russia-Ukraine fears November 19, 2024 Investors fled FTSE 100 stocks and European markets for safe haven assets this morning amid fears of fresh escalation in Russia’s war in Ukraine. Markets were spooked by Vladimir Putin’s move to approve an updated Russian nuclear doctrine, which could pave the way for the Kremlin to consider using nuclear weapons if it is subject [...]
Japanese minister visits Ukraine over North Korean troops November 16, 2024 Japan’s foreign minister has arrived in Kyiv to discuss North Korea’s deepening military alliance with Russia, including the deployment of thousands of troops to support Moscow’s war in Ukraine. Takeshi Iwaya will meet his Ukrainian counterpart, Andrii Sybiha, to reaffirm Japan’s “strong support” for Ukraine against Russia’s invasion and to discuss further sanctions against Moscow, [...]