The UK government has announced a £15 billion increase in defence funding, raising total planned spending to around £300 billion over the next four years. This boost addresses part of a £28 billion budget shortfall and aims to increase defence spending to 2.7% of GDP by 2029. Key allocations include £64 billion for nuclear deterrence, with £47 billion for submarines and naval base upgrades, £11 billion for munitions and weapons, and £5 billion for drones and autonomous weapons. Investment in digital targeting technology also doubles to £2 billion. Jefferies highlights several defence companies benefiting from the plan, including Chemring Group, Babcock International, and Avon Technologies, with varying positive outlooks based on their involvement in specific programmes.
The global data center infrastructure market, valued at $297.07 billion in 2025, is projected to grow at a 10.9% CAGR to reach $752.12 billion by 2034. Growth is fueled by rising cloud adoption, AI workloads, digital transformation, and demand for en...
Dimensional Fund Advisors Ltd disclosed a sale of 730,460 ordinary shares of Beazley PLC, reducing its holding to 0.89% as of June 30, 2026. This transaction reflects a partial exit from their investment in Beazley PLC. The sale price per share was a...
The global pyrometer market, valued at $544.55 million in 2025, is projected to reach $1.15 billion by 2035, growing at a CAGR of 7.57%. This growth is fueled by rising industrial automation and expansion in semiconductor manufacturing, which increas...
Abeona Therapeutics announced it granted restricted stock awards to five new non-executive employees as an inducement to join the company, totaling up to 9,000 shares. These shares will vest over three years, contingent on continued employment. This ...
Holzer & Holzer, LLC announced deadlines for investors to seek lead plaintiff status in shareholder class action lawsuits against BitGo Holdings, ADMA Biologics, and Erasca. The lawsuits allege these companies made false or misleading statements affe...
