BAE Systems plcUK PM Starmer announced ~£300bn defence spending plans over four years, directly boosting demand for BAE Systems' products.
The FTSE 100 closed up 12.90 points, or 0.1%, at 10,497.12 on Tuesday, lifted by defence stocks after Prime Minister Keir Starmer announced plans to spend almost £300 billion over the next four years to modernise the armed forces. Babcock International rose 3.3%, BAE Systems gained 2.0%, and QinetiQ climbed 2.4%. The broader FTSE 250 ended slightly lower at 23,013.45, while the Aim All-Share added 0.3% to 772.17. In Europe, cooling inflation data boosted sentiment: German annual inflation fell to 2.3% in June from 2.6% in May, and French consumer price rises slowed to 1.8% from 2.4%. The pound traded at 1.3263 dollars, up from 1.3247 dollars on Monday.
BAE Systems plcUK PM Starmer announced ~£300bn defence spending plans over four years, directly boosting demand for BAE Systems' products.
Babcock International Group PLCUK defence spending plans increase demand for Babcock International's services.
Qinetiq Group PLCUK defence spending plans boost demand for QinetiQ's defence technology and services.
Shell plc