BAE Systems Share Price Falls 2.5% From 52-Week High as FTSE 100 Selloff Hits Defence Stocks
BAE Systems shares dropped 2.5% to 2,250p in London Friday, outpacing the FTSE 100’s 1.4% fall as defence stocks slid. The decline followed a recent 52-week high and came amid concerns over inflation, oil, and interest rates. The Bank of England held rates at 3.75% but signaled possible hikes ahead. BAE also announced the sale of its remaining 6.9% stake in Air Astana for about $31 million.