Defence groups including BAE Systems, Babcock International and Qinetiq have seen their value rise by almost £5billion since the Ukraine crisis began. Shares in six London-listed companies have surged by as much as 24 per cent after Russia mounted a full-scale war. Bosses, investors and analysts all believe the conflict will turbocharge spending among European Nato members. Jefferies analysts said: 'We think Germany's policy shift could trigger a host of incremental national defence spending.' JP Morgan analyst David Perry said Russia's invasion has 'fundamentally changed the landscape for the European defence sector'.

Source: Daily Mail March 14, 2022 00:27 UTC