BAE: UBS hikes price target to 2,450p Investing UBS analysts have claimed that markets are failing to account for an expected jump in defence expenditure by European nations despite the recent surge in the value of weapons companies, such as BAE. In an analyst note, UBS analysts upgraded BAE’s stock price target from 1,600p to 2,450p and European weapons dealers Saab and Thales [...]
Qinetiq share price slump shows defence firms aren’t immune from turbulence Business Defence stocks are some of the hottest in Europe right now as government’s ramp-up military spending in response to developments in Ukraine. Donald Trump’s push for European nations to take more responsibility for security has driven up shares in the likes of BAE Systems, Thales and Leonardo. In the UK, Prime Minister Sir Keir Starmer [...]
Defence giant Thales faces UK bribery and corruption probe Business The Serious Fraud Office has launched an investigation into French defence giant Thales for suspected bribery and corruption. Authorities in the UK and France said they are carrying out a joint probe into the firm, which employs more than 7,000 staff in the UK. Thales is one of the government’s key defence contractors, and built hundreds of lightweight [...]