Defence stocks give back gains as investors buy rumour but sell war
Production bottlenecks and uncertainty over US munitions funding weigh on stock prices for weapons makers
Production bottlenecks and uncertainty over US munitions funding weigh on stock prices for weapons makers

Trend reverses prior hesitance over arms investments because of slow growth and perceived conflict with ESG standards

Fund’s research tempers claims by European governments that bigger military budgets should revitalise their economies

The growth profile for the sector has brightened as Europe’s governments prepare to spend more on protection

There is a need to stop wishful thinking on defence expenditure

Analysis shows rise in trade curbs affecting defence, tech and green energy supply chains

Investors risk being too complacent about war in the Middle East