Babcock International Stock News
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London, Sep 17, 04:35 pm BST.
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Babcock International Stock News
Babcock International PLC (LSE:BAB), the FTSE 100 engineering and defence group, led the blue-chip risers with a 6% gain after Citi said the appointment of John Healey as chancellor should prove good news for UK defence shares. BAE Systems PLC (LSE:BA.
Outgoing Prime Minister Keir Starmer this week announced an extra £15billion in defense spending over the next four years as part of the U.K.'s Defence Investment Plan. The news revived a defense stock rally that had recently lost momentum.
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