Spending 2.5% of GDP on defence "ambitious," UK Cabinet minister says
(Alliance News) - Raising UK defence spending to 2.5% of national income is "ambitious", a Cabinet minister has insisted as the government faces pressure to increase investment amid uncertainty over ...
PRESS: UK PM to set date to increase defence spending during US visit
In an effort to ease tensions, Starmer is expected during the trip to finally set a date, likely 2030, for the UK to reach its goal of spending 2.5% of GDP, The Telegraph reported. This is up from the ...
Litigation Capital Management fails to win Quintis class action
The court ruled that the former director of Quintis and its auditors, Ernst & Young Global Limited, engaged in "misleading and deceptive conduct" in financial statements. However, the court found that ...
City of London Investment Trust ups interim payout as beats benchmark
The FTSE 250-listed investment firm, which targets long-term growth through equities listed on the London Stock Exchange, said net asset value per share with debt at fair value ticked up 0.3% to 430.8 ...
UK regulator fines four banks over GBP100 million in competition case
(Alliance News) - The UK's competition regulator on Friday said four banks will pay fines totalling GBP104.5 million after they reached settlements in a competition case relating to UK government ...
Savannah Resources resumes fieldwork after legal challenge stoppage
Savannah Resources PLC on Friday said it can resume fieldwork for the drilling campaign at the Barroso lithium project in Portugal. The Europe-focused lithium producer said it has received a "reasoned ...
LONDON MARKET EARLY CALL: FTSE 100 called lower; Alibaba jumps
IG says futures indicate the FTSE 100 to open 4.9 points lower, 0.1%, at 8,658.07 on Friday. The index of London large-caps closed 49.56 points lower, 0.6%, at 8,662.97 on Thursday. It has fallen 0.8% ...
Lloyds hails robust results but motor charge sends profit into reverse
Lloyds lifted its final dividend by 15% to 2.11 pence per share final dividend, giving a 3.17p per share total payout, up 15%. It also plans a GBP1.7 billion share buyback, down 15% from GBP2.0 ...
Antofagasta celebrates copper demand as profit grows in 2024
(Alliance News) - Antofagasta PLC on Tuesday reported a rise in annual earnings, saying it is encouraged by the demand outlook for copper, a commodity the "world needs more of". The London-based ...
Anglo American swings to 2024 loss on huge write-downs, but shares up
Anglo American reported revenue of USD27.29 billion in 2024, down 11% from USD30.65 billion. As a result, underlying earnings before interest, taxes, depreciation and amortisation fell 15% to USD8.46 ...
LONDON BRIEFING: BAE Systems ups payout; Glencore announces buyback
Sterling bought USD1.2616 shortly before the UK data, and spiked to USD1.2634 moments later, before fading again. Here is what you need to know at the London market open: FTSE 100: called down just ...
Wellnex Life secures funding ahead of planned AIM float in March
(Alliance News) - Wellnex Life Ltd on Thursday said it has secured AUD14.3 million, around GBP7.3 million, in binding commitments to meet the minimum capital requirements for its planned dual listing ...