European defence stocks surge to record high; UK economy ‘quite static’, says Bank of England’s Bailey – business live
Rolling coverage of the latest economic and financial news, as shares in BAE Systems, Rheinmetall and Saab soarUK 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...
Rolling coverage of the latest economic and financial news, as shares in BAE Systems, Rheinmetall and Saab soar
Here’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...
What's Your Reaction?
