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Chemring, Babcock and Avon top picks in defence sector, with BAE premium 'not justified'
UK defence stocks could regain momentum once the long-delayed Defence Investment Plan is finally published, according to Jefferies, which said the sector still offers some of the strongest long-term growth prospects in the London market. The US bank's defence and aerospace team said the absence of the government's defence spending roadmap had weighed on sentiment for more than six months, alongside political…
Proactive Investors • May 18, 2026
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