Exchange: NYSEArca·Updated 12:08 PM EDT
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Deutsche Bank downgrades Babcock to “hold” despite strong FY25 results
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European stocks edge higher as Middle East ceasefire holds; Powell in spotlight
 
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J.P. Morgan lifts targets on European defense stocks amid spending push
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Babcock shares climb after bagging £1.6 billion British army contract
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UK to hike defense spending to 3% of GDP, PM Starmer says; defense stocks jump
Investing.com -- Britain plans to increase defense spending to 3% of GDP in the next parliament, set to begin in 2029, with part of the funding coming from cuts to the aid budget, Prime Minister Keir Starmer announced on Tuesday.
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