Babcock and Rolls-Royce stocks rally after Healey appointment

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Defence stocks including Rolls-Royce have stormed to new highs as investors added to bets that the new Chancellor John Healey would plough further cash into London-listed arms companies.

Defence supply giants Babcock and BAE Systems were among the biggest risers when markets opened on Tuesday, some 12 hours after former defence secretary Healey was appointed https://www.cityam.com/babcock-and-rolls-royce-stocks-rally-after-healey-appointment/">[...]