UK Stocks Rise as Defence Sector Boosts FTSE 100, Banks Slip on Supreme Court Verdict
2025-02-17
MSN
The FTSE 100 index closed higher on Monday, driven by gains in the aerospace and defence sectors. However, some banks slipped after the UK Supreme Court ruled against a government intervention in a car loan mis-selling case, sparking concerns over potential financial losses. This development may impact the motor finance industry, with banks facing potential payouts. The defence sector's growth helped offset the banking sector's decline, resulting in a positive day for the UK stock market, with investors keeping a close eye on the financial services and banking sectors.
