The outlook for UK defence companies is brighter than for the general engineering sector, which has ...
The outlook for UK defence companies is brighter than for the general engineering sector, which has been in decline for the past decade. From December 1990 to December 1999 the FTSE All Share engineering sector has underperformed the FTSE All Share by 81%. Tony Nutt, investment manager at Jupiter Asset Management points out that engineering companies are rated quite low, especially those with exposure to the automotive sector. "The money going into the automotive sector has been declining all year, especially with the demise of Rover, despite value stocks having rallied with the declin...
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