BAE Systems share price jumps nearly 8% as Middle East conflict lifts FTSE defence stock
BAE Systems shares rose 7.9% to 2,278 pence in early London trading Monday, nearing a 52-week high after a new buyback filing. The move followed heightened Middle East tensions and rising oil prices, with Brent crude up 6.4% to $77.57. BAE reported buying 103,006 shares for cancellation at an average price of 2,126.09 pence. The stock ended Friday at 2,112 pence.