Oct 2 - London stocks opened slightly higher on the first trading day of the last quarter of 2023 on Monday, with defence firm BAE Systems among top gainers on the large-cap index after winning a contract to build attack submarines.
BAE Systems added 1.7% after Britain awarded the defense firm a 4 billion pound contract as part of the AUKUS programme with Australia and the United States to build attack submarines. The stock was further boosted by a rating upgrade to"Buy" by brokerage Berenberg."BAE Systems have outperformed the stock market over the last year...
Pennon Group rose 4.1% and United Utilities gained 2.8% after the water companies outlined their respective investment plans over the next five-year regulatory period. Among small-caps, XP Power sank 45.5% after the provider of power converters issued a profit warning.
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