THE OUTGOING chairman of defence giant
BAE announced last week that it took in a record £37bn in new orders in 2022, and forecast even higher earnings for this year "Government's first responsibility is to protect its people, and to do that it has to have a strong defence industry... It's sad that it took a war to trigger the recalibration [by investors] that has happened over the past 12 months, but it did," Sir
Carr said the buzz around ESG was a "huge shift" from the original focus on EPS, or earnings per share. While ESG issues were "appropriate and worthy" objectives, a "balance of the two is still right," he said.
Many investors had previously dropped defence companies on ethical grounds, but
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