UK to explore ‘reparations loan’ for Ukraine using frozen Russian assets Politics Rachel Reeves will announce plans to explore using frozen Russian assets to fund a “reparations loan” that could provide billions of pounds for Ukraine’s war effort. The Chancellor is expected to make the announcement at a meeting with her European counterparts in Copenhagen on Saturday, saying it is “right to explore all options to support [...]
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 [...]
UK defence stocks soar ahead of European summit on Ukraine Investing Shares in UK weapons manufacturers have soared today as leaders from across the continent convene for an emergency meeting in Paris to discuss the war in Ukraine. “We’re facing a generational challenge when it comes to national security,” said Prime Minister Keir Starmer before heading to the meeting, adding that he was “ready and willing” [...]
Hay was just the first: Asset managers under microscope over Israel investments May 28, 2024 Israel's invasion of Gaza has sparked protests against companies sending weapons to the country. Are sustainable asset managers next?
Weapons investing is ‘ethical’, says Sunak. Is he right? April 24, 2024 Prime Minister Rishi Sunak has defended the private sector investing in the weapons industry as "ethical", as an argument rages over whether sustainable investing can align with the global war industry.