Share prices of British defense companies have risen sharply after the European summit on Ukraine in London. This is evidenced by trading data on the London Stock Exchange.
Thus, shares of BAE Systems and QinetiQ rose by 14.4% and 12.9%, respectively. Shares of Babcock, Chemring and Rolls-Royce, which are also major military suppliers to the British government, rose by 7.7%, 7% and 4.3%.
As The Guardian newspaper notes, shares of other European defense companies are also rising. According to the publication, the value of shares in the German arms concern Rheinmetall increased by 14%, while the French group Thales and the Italian military-industrial concern Leonardo increased by 16% and 10%, respectively.
A meeting was held in London on Sunday to discuss the situation in Ukraine. It was attended by the leaders of Germany, Denmark, Spain, Italy, Canada, the Netherlands, Norway, Poland, Romania, Finland, France, the Czech Republic, Sweden, as well as Volodymyr Zelensky, the President of the European Commission Ursula von der Leyen, the President of the European Council Antonio Costa, NATO Secretary General Mark Rutte and Turkish Foreign Minister Hakan Fidan. During the discussions, the leaders discussed European security guarantees for Ukraine as part of the settlement of the conflict, including the supply of weapons to Kiev even after the end of hostilities.