European defence stocks rise by €18bn to record high ahead of Ukraine peace talks – as it happened

European defence stocks rise by €18bn to record high ahead of Ukraine peace talks – as it happened
By: The Guardian Posted On: February 17, 2025 View: 13

Shares in BAE Systems, Rheinmetall and Saab soar, as Keir Starmer offers to put British ‘boots on the ground’ in UkraineEurope and US must not be divided over plan for peace in Ukraine, Scholz says after emergency summit – Europe liveUK firms mull biggest layoffs in a decade as business confidence slumpsHere’s Bloomberg on the jump in Rheinmetall’s share price this morning:Rheinmetall AG’s shares surged the most in more than two years as European officials contemplate a major new package to increase defense spending and support for Ukraine.The German manufacturer’s stock rose as much as 11% in Frankfurt. The shares have more than doubled over the past year as military orders increased, especially from Germany. If Europe moves to increase spending further, it could push Rheinmetall to accelerate plans to increase its production capacity. Continue reading...

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