Profits boost for defence firms as governments beef up spending

Shares in Rolls-Royce jump by 5.5% after it lifts earnings guidance, while BAE Systems also upgrades profit forecastsBusiness live – latest updatesRolls-Royce and BAE Systems are expecting higher profits as governments around the world boost their defence spending.Both companies lifted their earnings guidance on Thursday morning, citing commitments from governments to increase investment in defence systems. Continue reading...