Business · 21 July 2026

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.

By BriefTea Editorial · 21 July 2026 at 10:27

Reported by City AM · How we write briefs

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