BAE deal keeps FTSE flying high

clock •

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 ...

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

Join

 

Already a Professional Adviser member?

Login

More on Investment

D2C platforms urged to improve 'daunting' onboarding process for new investors

D2C platforms urged to improve 'daunting' onboarding process for new investors

Monzo and Revolut top ease rankings

Patrick Brusnahan
clock 15 October 2026 • 2 min read
Watch Professional Adviser's Working Lunch with Baillie Gifford - Emerging Future: Rethinking the World's Growth Engine

Watch Professional Adviser's Working Lunch with Baillie Gifford - Emerging Future: Rethinking the World's Growth Engine

Catch up on the discussion

Professional Adviser
clock 13 October 2026 • 1 min read
Fifty years after 'Bogle's Folly', what comes next for financial advice?

Fifty years after 'Bogle's Folly', what comes next for financial advice?

'Indexing will continue to grow, but the wrapper through which investors access it will change'

Gillian Hepburn
clock 12 October 2026 • 4 min read