FTSE 100 Surges on Defence Sector Boost Amid Supreme Court Ruling on Motor Finance
2025-02-17
Reuters
The UK's benchmark index, the FTSE 100, closed higher on Monday, driven by gains in the aerospace and defence sectors. However, some banks faced a downturn after the Supreme Court rejected a bid by finance minister Rachel Reeves to intervene in a high-profile car loan mis-selling case, highlighting concerns over financial regulation and consumer protection in the motor finance industry, with potential implications for banking and finance stocks.
