Updates & Ideas

Babcock - Shares above £4 as NATO lobbies members for more defence spend

November 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

With western military powers running out of ammunition to give Ukraine, saying the “bottom of the barrel is now visible,” and amidst decades of underinvestment, NATO now aims to increase the proportion of its 31 members spending at least 2% of GDP on defence from the current 11. And it’s not just Ukraine worrying Governments around the world given China’s continued threat to Taiwan while in the Balkans there’s growing unrest between Kosovo and Serbia. Against that backdrop, the quoted defence sector has been strong in the past 18 months led by BAE (from under £6 to over £10) while Babcock has gone above £4 for the first time in over two years, although it remains well below highs of £13. The latter’s rise came after a strong trading upd ...

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Babcock - Shares above £4 as NATO lobbies members for more defence spend

November 2023

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