British Weapons Manufacturers, Banks, See Share Price Rocket after Conservative Election Victory | WHAT REALLY HAPPENED

British Weapons Manufacturers, Banks, See Share Price Rocket after Conservative Election Victory

The big winner in last week’s conservative landslide elections in the United Kingdom? Weapons manufacturers.

Almost every one of Britain’s top arms producers saw large spikes in their share price immediately following the news that Boris Johnson was to become the next Prime Minister and Jeremy Corbyn was going to stand down as leader of the Labour Party.

Great Britain is the world’s sixth-leading arms exporter, and nine British companies make the list of the 100 largest military contractors in the world. With the exception of Rolls Royce, which is suffering a sustained, long term decline in value, every one saw significant increases in value on Friday. Military engineering multinational Babcock, for example, saw its share price rise from £599 to £657 in the first hour of trading after the news of the Tory victory. There were also spikes for the likes of BAE Systems, Cobham, Serco, QinetiQ and Chemring and Ultra Electronics.

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