UK's Chemring shares dip as Norway investment raises capex

Chemring

09/12/2025 13:41

** Global aerospace and defence products maker Chemring's shares CHG.L down 4.2% at 459.7p - stock among top losers on FTSE mid cap .FTMC

** CHG said capex and finance costs are now expected to rise due to increased investment in Norway

** "Co shares may dip as FY25 results highlight 35 million pounds in extra Norway capex, lifting total spend to 180 million pounds and driving higher FY26F finance costs, likely trimming consensus EPS" - Jefferies

** YTD, CHG stock had risen 39.27% and .FTMC had risen 6.32%

 (Reporting by Tuhina in Bengaluru)

 ((Tuhina@thomsonreuters.com))