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    Defence shares rise after new Chancellor appointed

    4 days ago

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    Defence shares in London surged following the appointment of John Healey as Chancellor. Babcock led the FTSE 100 with a 7.8% increase, while BAE Systems and Qinetiq rose by 3.25% and 4%, respectively. Investors are optimistic about potential increases in defence spending, despite challenges in funding the previously announced £15 billion investment plan.
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