Babcock shares jump as UK weighs faster defence spending push
Babcock shares rose 3.2% to 1,340.5 pence in London after Prime Minister Keir Starmer called for faster defence spending and reports surfaced of an earlier 3% GDP target. The company disclosed a buyback of 8,045 shares on Feb. 13. Babcock stock remains down 6.3% over the past week. Investors await the March 3 government fiscal forecast for details on funding and priorities.