Published Date: September 15, 2026
Author: HANetf
US and NATO Prepare for Prolonged War – The US warned that allies must prepare for a prolonged war in Ukraine, as NATO General Secretary Mark Rutted called on countries to “dig deeper” to step up military support for Ukraine. The warnings came as the UK and Germany announced new military support for Ukraine, with both putting air defence at the centre of their contributions ahead of the winter. The UK will contribute £100 million (€116 million) for Ukraine’s urgent military needs, including Patriot missiles and other air-defence equipment. The funding will be channelled through NATO’s Prioritised Ukraine Requirements List (PURL), with deliveries expected before winter. Germany will provide urgently needed Patriot PAC-2 missiles and AIM-9 air-to-air missiles from its own stocks. Ukraine is also contracting to purchase roughly 1,000 additional US-designed Patriot missiles via international allies and an EU funding exemption.[1] [2]
Damage to Businesses in Ukraine Rises Nearly Twice as Fast as Overall War Toll – Damage to Ukrainian businesses has risen nearly twice as fast as the country’s overall war-damage bill, according to the latest assessment by the KSE Institute. Damage to enterprise assets jumped 28% to $18.4 billion as of February 2026 from KSE’s previous assessment at the end of 2024, compared with a 16% increase in total physical damage to $197.5 billion. Energy infrastructure damage also outpaced the overall increase, rising 25% to $18.3 billion. The faster increase contrasts with the two categories that still dominate Ukraine’s accumulated destruction, according to the study, published Aug 17. Damage to housing, the largest category at $65.9 billion, rose 10%, while transport infrastructure increased 9% to $42 billion.[3]
Worker Shortages Affect Policy and Technology – Ukrainian steel pipe and railway products producer Interpipe is seeking workers as old as 70, opening more jobs to women, hiring people without vocational qualifications and adapting workplaces for returning veterans as it looks for ways around Ukraine’s persistent labour shortage. “We have approximately 500 open vacancies all the time,” said Viktoriia Savchenko, head of recruitment and personnel development at Interpipe, which has about 9,500 workers. The company’s difficulties reflect a national shortage of workers as military mobilisation, migration and demographic decline shrink Ukraine’s available labour pool. The Ministry of Economy projects that Ukraine needs to attract an additional 5 million workers to support recovery and reconstruction. Investments in automation, digitalisation and skills will become increasingly important to Ukraine’s reconstruction as businesses struggle to find enough workers to expand. A majority of Ukrainian businesses expecting to grow over the next 12 months said they could not do so without hiring additional workers, according to the Centre for Economic Strategy (CES), even as migration, military mobilisation and demographic decline constrain the available workforce. Ukraine will need to attract an additional 5 million workers to support recovery and reconstruction, according to a Ministry of Economy projection cited in the International Organisation for Migration’s 2026 Ukraine response plan. The Ukraine Reconstruction index will favour investments in automation and digitalisation to overcome worker shortages.[4]
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Kingspan Group: Shares of the company soared 28% in August, driven by strong H1 earnings results and the announcement it was acquiring BMC Manufacturing, a data centre power management manufacturer for €850 million.[5]
CNH Industrial NV: Stock was up 14% in August boosted by positive analyst sentiment, sector upgrades from Baird, Evercore, and SIS for agricultural equipment, and momentum from a Q2 earnings beat. CNH Industrial reported Q2 adjusted EPS of $0.13 (beating the $0.11 consensus) and raised its full-year adjusted EPS guidance to $0.41–$0.46.[6] [7]
James Hardie Industries: Shares hit a 52-week high, advancing 12% in August as the company reported stellar earnings results that topped expectations.[8] The results prompted many analyst upgrades from firms like Barclays, Oppenheimer, and Baird. The company also completed its European divestiture of Fermacell, to the Holcim Group for €840 million (~$980 million), sharpening its focus and deleveraging its balance sheet.[9]
Monthly Stock detractors
There were a number of stocks that performed negatively in August, for instance Regal Rexnord, INNIO, and Rockwell Automation which regressed -23.2%, -17.8%, and -12.1% respectively.[10]
Past performance is not indicative of future performance. When you invest your capital is at risk.
The Russia-Ukraine war is not ending any time soon, despite the fact that diplomatic efforts have intensified with the winter months approaching. US envoys left Kyiv without a breakthrough on ending the war. Meanwhile, Russia says it’s convinced its victory in the war against Ukraine is close. Current indicators suggest the war in Ukraine is unlikely to end until 2028 at the earliest. Anyone expecting an early end to Russia’s war on Ukraine is misjudging Russia’s timeline, as Moscow’s resource expenditure will not reach its peak until 2027 at the earliest. NATO is stepping up its financial and military support in anticipation of a long winter. The UK and Germany announced new military support for Ukraine, with both putting air defence at the centre of their contributions ahead of the winter.[11]
[1] https://www.reuters.com/business/aerospace-defense/germany-send-more-patriot-missiles-ukraine-warns-stepped-up-russian-winter-2026-09-08/
[2] https://www.bloomberg.com/news/articles/2026-09-08/europe-set-to-buy-patriots-from-us-to-shield-ukraine-this-winter
[3] https://www.ukrainerebuildnews.com/war-damage-to-ukraines-infrastructure-rises-to-nearly-200-billion-kse-institutsays/?ref=urn-weekly-newsletter
[4] https://www.ukrainerebuildnews.com/interpipe-turns-to-older-workers-veterans-and-rent-subsidies-amid-500-persistent-job-vacancies/?ref=urn-weekly-newsletter
[5] https://www.morningstar.com/stocks/xdub/krx/analysis
[6] https://www.investing.com/news/transcripts/earnings-call-transcript-cnh-industrial-beats-q2-2026-estimates-shares-jump-16-93CH-4831588
[7] Source: VettaFi, Bloomberg. Data as of 31.08.2026
[8] https://ir.jameshardie.com/overview/default.aspx
[9] https://www.fool.com.au/2026/09/07/experts-reckon-this-high-flying-asx-200-blue-chip-stock-is-a-buy/
[10] Source: YahooFinance. Data as of 31.08.2026.
[11] Source: VettaFi
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