Shares in BAE Systems, Rheinmetall and Saab soar, as Keir Starmer offers to put British ‘boots on the ground’ in UkraineUK firms mull biggest layoffs in a decade as business confidence slumpsHere’s Bloomberg on the jump in Rheinmetall’s share price this morning:Rheinmetall AG’s shares surged the most in more than two years as European officials contemplate a major new package to increase defense spending and support for Ukraine.The German manufacturer’s stock rose as much as 11% in Frankfurt. The shares have more than doubled over the past year as military orders increased, especially from Germany. If Europe moves to increase spending further, it could push Rheinmetall to accelerate plans to increase its production capacity. Continue reading...
European defence stocks rose by €18 billion to a record high ahead of Ukraine peace talks. Shares in companies such as BAE Systems, Rheinmetall, and Saab surged as investors anticipated increased military spending. The rise followed Keir Starmer's announcement that the UK could deploy troops to Ukraine and an emergency summit in Paris, where European leaders discussed plans to boost defence spending amid concerns over US sidelining of Kyiv in peace negotiations.
