U.K.'s FTSE 100 hovers near 10,000 mark as Venezuela strikes lift defence, mining stocks [BNN Bloomberg (Canada)]
CHEMRING GRP PLC UNSP/ADR (CMGMY)
NASDAQ:AMEX Investor Relations:
chemring.co.uk/investors.aspx
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Source: BNN Bloomberg
The blue-chip FTSE 100 rose 0.1 per cent to 9,969.45 points by 1130 GMT, having briefly topped the 10,000-point milestone for the first time last week. Meanwhile, the domestically focused mid-cap index was flat. The FTSE 100 index had also logged strong gains in 2025, outperforming Europe's STOXX 600 and the United States' S&P 500, primarily due to strong gains in commodity-linked sectors and expectations of more monetary policy easing by the Bank of England. On Monday, global headlines were all about the United States' capture of Venezuelan President Nicolás Maduro over the weekend and investors will be keen on the outlook for the oil-rich country. Safe-havens such as gold and silver surged, lifting an index tracking precious metal miners by four per cent. The index was among the top sectoral performers in 2025. Geopolitical uncertainty also lifted aerospace and defense stocks by 3.6 per cent, with BAE Systems and Babcock International BAB.L up 4.6 per cent each, while Chemr
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