The FTSE 100 has closed 39.5 points, or 0.71%, higher at 5,587, as BAE Systems leapt on news of a UK/Saudi Arabia government tie-up.
The defence group, BAE systems, added 22.25p, or 6.4%, to 370p, while Rolls Royce also helped the advance with gains of 10p, or 2.45%, to 418.5p, as it benefited from news of a EUROJET Turbo consortium contract win worth €300m. Reuters also performed well, climbing 12p, or 2.94%, to 420.5p, closely followed by Hanson which advanced 15.5p, or 2.51%, to 632p. Compass topped the fallers, with a drop of 3.5p, or 1.59%, to 216.25p, on news of a shares placing, while United Utilities dropped 8.5p, or 1.24%, to 677p, after going ex-dividend. Meanwhile, shares in outdoor advertising group Mai...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes