
{"id":71815,"date":"2025-03-03T17:25:39","date_gmt":"2025-03-03T17:25:39","guid":{"rendered":"https:\/\/sheffieldwire.co.uk\/?p=71815"},"modified":"2025-03-03T17:27:12","modified_gmt":"2025-03-03T17:27:12","slug":"bae-systems-shares-surge-after-ukraine-summit-despite-cries-for-ceasefire","status":"publish","type":"post","link":"https:\/\/sheffieldwire.co.uk\/index.php\/2025\/03\/03\/bae-systems-shares-surge-after-ukraine-summit-despite-cries-for-ceasefire\/","title":{"rendered":"BAE Systems shares surge after Ukraine summit despite cries for ceasefire"},"content":{"rendered":"\n<p>BAE Systems, set to open a \u00a325m artillery factory in Sheffield later this year, saw a 17% rise in share prices this morning after the London Ukraine summit on Sunday, despite students and anti-war groups rallying for a ceasefire.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.gov.uk\/government\/news\/prime-minister-keir-starmer-to-host-leaders-summit-on-ukraine\">summit<\/a> saw vows from various European and NATO leaders pledging support and emphasising the urgent need for Europe to rearm, especially in the case of Russia\u2019s war against Ukraine.<\/p>\n\n\n\n<p>Shares in the FTSE 100 weapons manufacturing companies, BAE Systems and Rolls-Royce, hit all-time highs the morning after the summit.<\/p>\n\n\n\n<p>This comes at a time when university students and anti-war groups like Stop The War have incessantly rallied for the UK to stop arming countries and investing in war.&nbsp;<\/p>\n\n\n\n<p>Lindsey German, national convenor of the <a href=\"https:\/\/www.stopwar.org.uk\/\">Stop The War coalition<\/a>, said in an article: \u201cStarmer\u2019s increases [of spending on defence] \u2013 to effectively 2.6% in two years and then to 3% in five \u2013 are at the expense of overseas aid, which will have horrendous consequences for some of the poorest and most desperate people in the world.\u201d<\/p>\n\n\n\n<p>BAE Systems&#8217; factory opening in Sheffield this year is capable of manufacturing the company\u2019s M777 lightweight towed howitzer, a weapon used by US, Canadian, Australian, and Indian forces.<\/p>\n\n\n\n<p>A group of University of Sheffield (UoS) students <a href=\"https:\/\/nowthenmagazine.com\/articles\/students-seize-arts-tower-to-protest-sheffield-university-links-with-arms-manufacturers-rolls-royce-bae-systems\">occupied<\/a> the Arts Tower in 2023 protesting the involvement of defence companies like Rolls Royce and BAE Systems in the University of Sheffield\u2019s Careers Fair.<\/p>\n\n\n\n<p>A 2023 <a href=\"https:\/\/www.thestar.co.uk\/education\/sheffield-university-last-10-years-sees-university-receive-ps72m-from-companies-in-arms-trade-3930009\">transparency request from The Star<\/a> revealed that the UoS was receiving \u00a372 million in research funding over the past ten years from companies that manufacture weapons and military hardware alongside civilian products, a number higher than any other university in the UK at the time.&nbsp;<\/p>\n\n\n\n<p>The current Labour government has pledged an increase in spending on defence, investing an <a href=\"https:\/\/www.gov.uk\/government\/news\/historic-16bn-deal-provides-thousands-of-air-defence-missiles-for-ukraine-and-boosts-uk-jobs-and-growth#:~:text=Deal%20will%20create%20200%20jobs,defence%20missiles%20missiles%20to%20Ukraine.\">additional \u00a31.6bn<\/a> to send thousands of air defence missiles to Ukraine, despite receiving criticism for taking away state pensions from WASPI women, saying that they &#8220;cannot justify paying for a \u00a310.5bn compensation scheme at the expense of the taxpayer.&#8221;<\/p>\n\n\n\n<p>Sir Keir Starmer said during the summit that Europe \u201cmust do the heavy lifting\u201d in ensuring a peace deal between Russia and Ukraine \u2013 but that it must also have strong US backing.&nbsp;<\/p>\n\n\n\n<p>Last month, the Prime Minister also pledged a <a href=\"https:\/\/www.gov.uk\/government\/news\/uk-and-ukraine-sign-landmark-100-year-partnership-to-deepen-security-ties-and-strengthen-partnership-for-future-generations\">100-year partnership with Ukraine<\/a> \u2013 which includes first and foremost military spending.&nbsp;<\/p>\n\n\n\n<p>The two countries promised \u201cmilitary collaboration on maritime security through a new framework to strengthen Baltic Sea, Black Sea, and Azov Sea security and deter ongoing Russian aggression.\u201d<\/p>\n\n\n\n<p>Image source: BAE Systems<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite students and anti-war groups rallying for a ceasefire in Ukraine, BAE Systems saw a 17% rise in share prices this morning after the London Ukraine summit on Sunday.\u00a0<\/p>\n","protected":false},"author":204,"featured_media":71824,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[6,1],"tags":[],"class_list":["post-71815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BAE Systems shares surge after Ukraine summit despite cries for ceasefire - Sheffield Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sheffieldwire.co.uk\/index.php\/2025\/03\/03\/bae-systems-shares-surge-after-ukraine-summit-despite-cries-for-ceasefire\/\" \/>\n<meta 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