BAE Systems shares higher as UK negotiates arms trade

<p>Shares in BAE Systems are higher as the UK continues arms talks with Gulf Arab states.</p>

Shares in BAE Systems have made gains on the London Stock Exchange this morning (November 6th) as David Cameron continues his discussions with leaders from Saudi Arabia and the United Arab Emirates (UAE) over arms.

The prime minister arrived in the Gulf yesterday and his talks there are aimed at establishing both a defence and industrial partnership involving cooperation regarding the BAE Systems-built Typhoon fighter jet.

Mr Cameron has promoted the Typhoon to regional leaders during his visit and officials from BAE said the Emiratis have been interested in ordering as many as 60 of the planes.

The UK and Gulf Arab states have historic ties and their areas of mutual interest include facing perceived threats from Iran and securing oil supplies.

At 11:18 GMT, BAE Systems appreciated by 0.9 per cent in London to 320.40p.

Find out about the FTSE 100 and CFD trading at City Index.

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.