3 d. ago BAE Systems makes record £3bn profit as 'growing threats' drive global arms race

The UK's biggest defence contractor said earnings surged by one-sixth compared to 2024, buoyed by "growing threats" to security around the world

Economics

3 d. ago Record orders at BAE Systems as European defence spending rises

Weapons maker’s full-year pre-tax profits top £3bn and it expects sales of more than £30bn next yearBritain’s biggest weapons manufacturer, BAE Systems, has reported record orders as the European defence industry gears up for increased spending sparked by the Ukraine war.The company, a member of the FTSE 100, said it expected sales next year to top £30bn, as it reported annual profits before interest and tax of more than £3bn for the first time in 2024. Continue reading...

Politics

3 d. ago Arms maker BAE Systems cites ‘growing threats’ to security amid record profit

BAE Systems, which is the biggest military supplier to the UK Government, has benefited from a global ramp-up in defence spending.

Events

3 d. ago FTSE 100 Live 19 February: Glencore and airline stocks fall, BAE and HSBC in results spotlight

A jump in UK inflation to a 10-month high of 3% today dealt a blow to hopes of early further interest rate cuts.

Society

3 d. ago FTSE 100 Live 19 February: BAE Systems and HSBC in results spotlight, inflation setback

A jump in UK inflation to a 10-month high of 3% today dealt a blow to hopes of early further interest rate cuts.

Economics

5 d. ago Fury over NHS compensation bill as payouts more than double in less than a decade hitting a record of £3bn

The NHS paid out £2.8billion in compensation for botched procedures and substandard care last year, new figures have revealed.

Economics

5 d. ago Defence stocks boost European markets amid emergency talks over Ukraine war

BAE Systems, which makes weapons, military vehicles and aircraft, saw its share price jump by about 9% on Monday.

Events

5 d. ago European defence stocks rise by €18bn to record high ahead of Ukraine peace talks – business live

Shares in BAE Systems, Rheinmetall and Saab soar, as Keir Starmer offers to put British ‘boots on the ground’ in UkraineUK firms mull biggest layoffs in a decade as business confidence slumpsHere’s Bloomberg on the jump in Rheinmetall’s share price this morning:Rheinmetall AG’s shares surged the most in more than two years as European officials contemplate a major new package to increase defense spending and support for Ukraine.The German manufacturer’s stock rose as much as 11% in Frankfurt. The shares have more than doubled over the past year as military orders increased, especially from Germany. If Europe moves to increase spending further, it could push Rheinmetall to accelerate plans to increase its production capacity. Continue reading...

Politics

5 d. ago European defence stocks soar by £10bn ahead of Ukraine peace talks – business live

Shares in BAE Systems, Rheinmetall and Saab soar, as Keir Starmer offers to put British ‘boots on the ground’ in UkraineUK firms mull biggest layoffs in a decade as business confidence slumpsHere’s Bloomberg on the jump in Rheinmetall’s share price this morning:Rheinmetall AG’s shares surged the most in more than two years as European officials contemplate a major new package to increase defense spending and support for Ukraine.The German manufacturer’s stock rose as much as 11% in Frankfurt. The shares have more than doubled over the past year as military orders increased, especially from Germany. If Europe moves to increase spending further, it could push Rheinmetall to accelerate plans to increase its production capacity. Continue reading...

Economics

5 d. ago European defence stocks surge to record high; UK economy ‘quite static’, says Bank of England’s Bailey – business live

Shares in BAE Systems, Rheinmetall and Saab soar, as Keir Starmer offers to put British ‘boots on the ground’ in UkraineUK firms mull biggest layoffs in a decade as business confidence slumpsHere’s Bloomberg on the jump in Rheinmetall’s share price this morning:Rheinmetall AG’s shares surged the most in more than two years as European officials contemplate a major new package to increase defense spending and support for Ukraine.The German manufacturer’s stock rose as much as 11% in Frankfurt. The shares have more than doubled over the past year as military orders increased, especially from Germany. If Europe moves to increase spending further, it could push Rheinmetall to accelerate plans to increase its production capacity. Continue reading...

Economics

5 d. ago FTSE 100 Live 17 February: Defence stocks surge, Assura rejects £1.6bn bid approach

Defence stocks including BAE Systems have surged on the outlook for increased spending by NATO allies.

Economics