Defence shares rise after Andy Burnham appoints John Healey as chancellor
Defence shares rose on the FTSE 100 after Andy Burnham appointed John Healey as chancellor.
OriginalSourceThe GuardianUnited KingdomLeanCenter-leftCredibilityPublished09:32 UTCRatings: AllSides, MBFCSourceThe GuardianUnited KingdomLeanCenter-leftCredibilityPublished09:32 UTCRatings: AllSides, MBFC
“Defence shares rise after Andy Burnham appoints John Healey as chancellor”
Defence shares rise after Andy Burnham appoints John Healey as chancellor
Key points
- Defence stocks surged on the FTSE 100 after Andy Burnham named John Healey chancellor.
- Babcock International rose 7%, BAE Systems gained 3%, and Rolls-Royce increased nearly 2%.
- On the FTSE 250, QinetiQ rose nearly 4% as investors anticipated more military supplier spending.
- Investors referenced “war bonds”, borrowing allocated only for the military, which Healey previously advocated.
- Chris Beauchamp said Healey faces competing demands, so defence funding gains may not be immediate.
Other reports
- SourceBBCUnited KingdomLeanCenterCredibilityRatings: AllSides, MBFCRead at BBCSourceBBCUnited KingdomLeanCenterCredibilityRatings: AllSides, MBFCRead at BBC
“John Healey becomes chancellor weeks after shock resignation from defence job”
- SourceBBCUnited KingdomLeanCenterCredibilityRatings: AllSides, MBFCRead at BBCSourceBBCUnited KingdomLeanCenterCredibilityRatings: AllSides, MBFCRead at BBC
“Burnham pledges to 'bring back hope' as he makes Healey chancellor”
How it got here
The Guardian publishes the article.
concise reads it.
Grouped with BBC’s report as story 6.
The Brief ranks it 6th.
6 6 Defence shares rise after Andy Burnham appoints John Healey as chancellor
Defence shares rose on the FTSE 100 after Andy Burnham appointed John Healey as chancellor.