Rolls-Royce, Babcock Shares Jump on Healey's Defence Borrowing Plan

Could the Chancellor use defence spending to boost growth?

John Healey is under pressure to show how he can afford this new military funding commitment - with plans to invest in British defence companies, including drone manufacturers and technology firms. The Chancellor will be hoping that will provide more jobs and income for the exchequer as well as improving Britain's defensive capabilities.

Record Highs For Rolls-Royce (LON: RR), Babcock (LON: BAB) And BAE Systems (LON: BA) Stock As Defence Investors Bet On John Healey's Treasury

Rolls-Royce (LON: RR) stock touched 1,369p on Tuesday, reaching record territory as London’s defence sector staged one of its sharpest single-session rallies in recent memory. The catalyst was political: Andy Burnham’s appointment of John Healey as Chancellor sent an immediate signal to markets that British defence spending could be set to accelerate. Healey’s background as […]

Rolls-Royce, Babcock shares jump on Healey's defence borrowing plan

Defence stocks were handed a boost on Monday morning following reports that Chancellor John Healey was set to borrow billions to invest in the military at the forthcoming Budget. Rolls-Royce was up nearly two per cent in early trading to 1,184.40p, while Melrose was up 1.4 per cent. Both are key players in aerospace and [...]

UK's Budget message to Trump - as Healey to borrow billions for defence boost

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