Babcock and BAE Systems benefit as markets hope former defence secretary will increase spending on sector Business live – latest updates Shares in defence companies have risen sharply after Andy Burnham appointed John Healey as chancellor, prompting hope among investors of increased spending on s...

Source: [Guardian World](https://www.theguardian.com/business/2026/jul/21/defence-shares-rise-andy-burnham-john-healey-babcock-bae-systems)

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