Stock Movers BAE Up, Tesco Gains, Orsted Rises
Sep 1, 2025
The podcast highlights the significant boost to the FTSE 100 from defense stocks like BAE Systems, thanks to a massive deal with Norway. This £10 billion contract will create over 4,000 jobs in the UK. As Tesco gears up for its earnings report, JPMorgan's positive outlook suggests the retailer's growth is on track. Meanwhile, Orsted experiences share gains despite facing uncertainties and a price target cut from BofA, reflecting ongoing challenges in the wind energy sector.
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Big Win For UK Defence Sector
- Norway picked the UK to supply Type 26 frigates in a deal worth about £10 billion.
- The contract will support roughly 4,000 UK jobs, over half at BAE's Glasgow shipyards.
Supply Chain Boost Beyond BAE
- The Type 26 deal benefits more than just BAE, lifting other defence names like Babcock and Rolls-Royce.
- The UK beat France, Germany and the US, underlining a political as well as industrial victory.
Tesco Momentum Intact
- JPMorgan placed Tesco on a positive catalyst watch and raised its price target ahead of October earnings.
- Tesco shows solid sales growth and market share gains despite intense UK price competition.