FTSE 100 Surges as Defence Stocks Soar, Banks Slump on Supreme Court Verdict
2025-02-17
Reuters
The FTSE 100 index closed higher on Monday, driven by gains in aerospace and defence stocks, while some banks took a hit after the UK Supreme Court rejected a government intervention in a car loan mis-selling case. This development has significant implications for the financial sector, particularly in the areas of consumer finance and banking regulation. As a result, investors are closely watching the impact on bank stocks and the broader market, with potential effects on financial services and loan financing. The verdict may also influence the UK economy and stock market trends.
