FTSE 100 turns higher as defence stocks rise after Healey gets Treasury job
London’s main share index recovered after early losses, helped by strong gains in defence companies including Babcock, BAE, Qinetiq and Rolls Royce. Investors reacted after Prime Minister Andy Burnham appointed former defence secretary John Healey as Chancellor. Babcock climbed 8%, making it the biggest riser on the FTSE 100 during Tuesday morning trading.
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