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Defence shares rise after Andy Burnham appoints John Healey as chancellor
Defence company shares increased following Andy Burnham's appointment of John Healey as chancellor, with Babcock, BAE Systems, and Rolls-Royce among the top risers on the FTSE 100. Investors anticipate higher military spending under the new chancellor.
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- Burnham cuts VAT on household electricity bills; UK borrows less than expected in June – business live
- Burnham cuts VAT on household electricity bills; UK borrows less than expected in June – business live
- Andy Burnham enters Downing Street and appoints former defense minister John Healey as chancellor of the Exchequer
- Burnham stuns Labour MPs by choosing Healey as new chancellor
- UK cabinet picks point to defense priorities