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FTSE 250 movers: Chemring up on UK defence plan; Rank slips on Burnham tax report

Tue 30 Jun 2026 14:02

(Sharecast News) - FTSE 250 (MCX) 23,144.84 0.56%

Chemring shares surged as the British government said it was ramping up investment in drones and strengthen the country's nuclear deterrent as part of a £15bn hike in defence spending.

Speaking at Malloy Aeronautics, outgoing prime minister Keir Starmer said the long-delayed defence investment plan (DIP) would prioritise the public's security while "transforming our armed forces and giving them the funding and equipment they need to fight and defend our nation".

He continued: "The world is a more dangerous and volatile place, so it is only right we are boosting the number of troops on the ground, rebuilding ammunition stockpiles and investing in cutting edge technology to ensure we outpace our adversaries for generations to come."

More than £5bn will be spent over the next four years on drone development, with £63bn allotted over the same period to strengthen the UK's nuclear deterrent and to fund the Dreadnought and SSN-AUKUS submarines. The DIP also includes money to build a next-generation stealth fighter jet for the Royal Air Force and to upgrade naval bases at Faslane, Portsmouth and Devonport.

Gambling operator Rank fell on reports that all-night slot machine shops and casinos could face a £460m tax rise if Andy Burnham acts on his concerns about the gambling industry as prime minister.

FTSE 250 - Risers

Chemring Group (CHG) 522.50p 7.19% Raspberry PI Holdings (RPI) 810.25p 4.94% Oxford Instruments (OXIG) 3,088.00p 4.75% Ceres Power Holdings (CWR) 493.40p 4.47% XP Power Ltd. (DI) (XPP) 1,936.00p 4.09% Renishaw (RSW) 5,145.00p 3.55% Seraphim Space Investment Trust (SSIT) 187.80p 3.41% Pacific Horizon Inv Trust (PHI) 1,168.00p 3.36% Ashmore Group (ASHM) 202.60p 3.31% AJ Bell (AJB) 603.00p 3.25%

FTSE 250 - Fallers

Rank Group (RNK) 97.90p -5.14% Cranswick (CWK) 5,510.00p -3.16% Hays (HAS) 31.56p -2.59% Greggs (GRG) 1,610.00p -2.25% Bridgepoint Group (Reg S) (BPT) 264.40p -1.93% Trainline (TRN) 207.00p -1.90% B&M European Value Retail (BME) 196.60p -1.90% Syncona Limited NPV (SYNC) 104.00p -1.89% Helios Towers (HTWS) 202.40p -1.85% Foresight Environmental Infrastructure Limited (FGEN) 85.00p -1.85%

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