FTSE 100 giants Rolls-Royce and BAE Systems surge following Ukraine defence summit March 3, 2025 UK and European defence shares rose to near-record highs on Monday morning lead by names such as Rolls-Royce and BAE Systems, after the defence summit in London, at which European leaders emphasised support for Ukraine and pledged to raise defence spending. The STOXX 600 rose 0.4 per cent boost, following ten consecutive weeks of gains [...]
UK defence stocks surge after Keir Starmer spending pledge February 25, 2025 Stocks in UK weapons manufacturers are having another strong week after Prime Minister Keir Starmer pledged to increase British defence spending to its highest in decades. Starmer announced the “biggest sustained increase in defence spending since the end of the Cold War”, with the UK set to increase arms spending from 2.3 per cent to [...]
BAE Systems forecasts more than £30bn in sales in 2025 February 19, 2025 BAE Systems has forecast more than £30bn in sales in 2025 as governments across the globe face pressure to hike military spending. The London-listed defence giant said it expects sales to increase by seven to nine per cent on an annual total of £28.3bn in 2024. Underlying pre-tax earnings are also expected to rise eight [...]
UK defence stocks soar ahead of European summit on Ukraine February 17, 2025 Shares in UK weapons manufacturers have soared today as leaders from across the continent convene for an emergency meeting in Paris to discuss the war in Ukraine. “We’re facing a generational challenge when it comes to national security,” said Prime Minister Keir Starmer before heading to the meeting, adding that he was “ready and willing” [...]
Pension industry backs Reeves’ £160bn investment drive January 28, 2025 The pensions industry has said it is willing to back the Chancellor Rachel Reeves’ plans to unlock up to £160bn in corporate surpluses if retirees are given “appropriate protection” by the government. Reeves and the Prime Minister Keir Starmer are set to meet with business leaders in the City of London today to outline pension [...]
BAE Systems wins £285m Royal Navy deal as shares continue recovery January 28, 2025 Defence giant BAE Systems has won a Royal Navy contract worth almost £300m which will support more than 200 UK jobs. The London-listed group has been hired to maintain and modernise combat management systems (CMS) on Royal Navy vessels. They include Type 23 frigates, Type 45 destroyers, Queen Elizabeth Class aircraft carriers and Type 26 [...]
UK needs to innovate at wartime pace, defence secretary says December 2, 2024 The UK needs “innovation at a wartime pace”, the defence secretary has said as he announced a new strategy for the industry. As he launched a defence industrial strategy, which is being developed alongside the government’s strategic defence review, John Healey said war game exercises to test the military’s capabilities will be carried out with [...]
Which FTSE 100 companies are most exposed to Donald Trump? November 14, 2024 The FTSE 100 has dropped by more than one per cent following the election of Donald Trump as US president, hitting a three-month low earlier this week. Meanwhile, the S&P 500 has been soaring, leading to a clear divergence between the two indexes. While not all of the poor performance of the FTSE 100 can [...]
What Trump’s victory means for UK markets November 6, 2024 Donald Trump and the Republicans have had a stunning victory in the US elections. Now is the time to dissect what it means for the UK. The win for Trump brings the issue of tariffs front and centre. One of Trump’s main campaign pledges was to impose tariffs on imports. China is likely to face [...]
BAE Systems plots £220m transformation to create hundreds of jobs October 29, 2024 Defence company BAE Systems is planning to invest £220m to transform its Rochester base into an “advanced technology” factory. The century-old site, which specialises in aerospace technologies and electronic systems, will be revamped into a “state-of-the-art” 32,000sqm facility. BAE Systems expects the bigger and “more efficient” factory will create 300 jobs over the next five [...]