1339 GMT - U.K. government plans to raise defense spending are boosting the performance of the country's defense stocks, driving them to perform better than U.S. tech stocks, XTB research director Kathleen Brooks says in a note. "Rolls Royce is the best performing stock on the FTSE 100 for 2025 so far, as U.K. defense firms continue to outpace big tech in the U.S." she says. The U.K. multinational aerospace and defense company's stock price is up by 30% since the start of 2025. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
March 10, 2025 09:39 ET (13:39 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments