Boom in UK defence shares to proceed as City bosses pile in
Two-thirds of financial services bosses expect the sector to invest more in defence next year, figures from accountancy firm KPMG suggest.
It comes amid growing acceptance that more military spending is required as the threat from hostile states grows.
Some 65 per cent of financial services directors believe the sector will pile more money into defence in 2026.
‘Greater financial sector investment in national security’ was what 38 per cent cited as the most important factor in safeguarding financial stability.
Good investment: Shares in major defence firms BAE Systems and Babcock have risen sharply since Vladimir Putin’s Russian tanks rolled into Ukraine in 2022
Karim Haji, of KPMG, said: ‘National security, defence investment and geopolitical stability are now being treated as balance-sheet issues, not just government policy concerns.’
Shares in major defence firms BAE Systems and Babcock, for instance, have risen sharply since Vladimir Putin’s Russian tanks rolled into Ukraine in 2022.
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