European defence stocks surge as arms manufacturers eye orders boom
by Jasper Jolly from World news | The Guardian on (#6VMYH)
Big rises for BAE, Rheinmetall, Thales and Leonardo amid European push to support possible Ukraine peace deal
European weapons company share prices surged on Monday as investors anticipated significantly higher spending after the UK and France led an effort to form a peace deal for Ukraine.
Britain's BAE Systems rose by as much as 17% on Monday morning, Germany's Rheinmetall gained 14%, France's Thales increased 16% and Italy's Leonardo was up 10% in early trading.
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