Melrose jumps as Starmer restates defence spending plans
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Melrose Industries PLC saw a 2.5% increase in its share price after UK Labour leader Keir Starmer reiterated plans to boost defence spending to 2.5% of GDP.
December 18, 2024 | 2:45 pm
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Melrose Industries PLC's share price increased by 2.5% following Keir Starmer's commitment to raise UK defence spending to 2.5% of GDP.
The increase in Melrose's share price is directly linked to the potential for increased defence contracts and revenue as a result of higher UK defence spending.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80