Senior figures voiced relief that Prime Minister Andy Burnham had chosen Healey over candidates seen as more interventionist, notably Ed Miliband. Here at home the FTSE 100 was on the green side of parity. 9.26am: Defence stocks on the riseSterling and gilts steadied after Andy Burnham sprang a surprise by naming John Healey as Chancellor. The lift was not enough to drag up the wider FTSE 100, which slipped 0.4% as a tenth day of US strikes on Iran soured risk appetite. The pound eased to $1.3430, while gilt yields rose after remarks on public finances by new Prime Minister Andy Burnham.