Panmure Gordon picks out "most vulnerable" UK dividends
18th Feb 2015 13:27
Panmure Gordon has warned of "storm clouds on the horizon" for income investors as corporate payouts reach "unsustainable" levels and has picked out several FTSE 350 companies where dividends appear particularly vulnerable. Although the UK economy has begun 2015 in rude health, the broker pointed ou
Read moreUK defence budget uncertainty raises concerns for BAE Systems, says Investec
9th Feb 2015 11:19
Investec has maintained a 'sell' recommendation for defence, security and aerospace group BAE Systems, highlighting the uncertainty surrounding future defence spending in the UK. Budgets will be cut following the general election in May regardless of which party comes out on top, predicted analyst R
Read moreBAE wins $146.7m five-year deal with US Navy
26th Jan 2015 15:42
Defence group BAE Systems has won a five-year contract with the US Navy's Naval Air Systems Command (NAVAIR) worth $146.7m (£97.5m). Under the deal, whose initial award is valued at $28.4m, BAE will provide full life-cycle engineering and technical support for communication and combat systems on lan
Read moreLondon pre-open: Sell-off likely to continue as oil falls, Chinese data disappoints
12th Dec 2014 07:37
The UK stock market is set for another sell-off on Friday after a weak finish in Wall Street and yet more disappointing economic data from China. City sources predict the FTSE 100 will open around 56 points lower than yesterday's close of 6,461.70. This index finished at its lowest level since 4 No
Read moreBAE Systems completes acquisition of SilverSky for £144.4m
12th Dec 2014 07:09
Defence and security group BAE Systems has completed the acquisition of commercial cyber service provider Perimeter Internetworking, which trades as SilverSky, for £144.4m. The firm said that the acquisition of the New York-based company, a commercial cyber services and compliance provider, was enti
Read moreFTSE 100 movers: Tesco leads downside after profits slide
23rd Oct 2014 14:46
Tesco led the downside after its first-half trading profits fell 39.4% at constant exchange rates to £937m. Tesco's chairman Sir Richard Broadbent announced his own succession process had begun, as the company's UK like-for-like sales fell 4.6%. Although its pension deficit surged from £2.6bn to £3.
Read moreBAE to buy US commercial cyber security provider
21st Oct 2014 08:17
Defence group BAE Systems is buying US group Perimeter Internetworking Corp. for $232.5m as part of its plan to expand its Applied Intelligence commercial cyber security business. The acquisition, which is being made on a cash-free and debt-free basis, will be funded from BAE Systems's existing cash
Read moreBAE to cut 440 management jobs
9th Oct 2014 17:25
Defence, aerospace and security firm BAE Systems will cut 440 management jobs across the UK. The company said the cuts in BAE's Military Air and Information division were decided on after a review of its management structure. The firm said the decision was "regrettable" but that the changes would "
Read moreTuesday broker round-up UPDATE
7th Oct 2014 09:45
African Minerals: Canaccord Genuity lowers target price from 20p to 15p with a hold recommendation. Aggreko: Exane initiates with a target price of 1500p and an underperform rating. Amec: Liberum Capital cuts target price from 1035p to 908p staying with its sell recommendation. Antofagasta: Canacc
Read moreLondon open: UK stocks drop despite mining gains
7th Oct 2014 08:27
Strong gains in the UK mining sector weren't enough to keep London's FTSE 100 from slipping into the red on Tuesday morning. Indices across Europe were tracking a weak finish on Wall Street and a mixed performance on Asian markets overnight. The FTSE 100 was trading 0.6% lower at 6,526 within the o
Read moreLondon close: ECB conference sends FTSE sliding more than 100 points lower
2nd Oct 2014 17:15
London's blue chips ended Thursday's session more than 100 points lower, as the European Central Bank (ECB) conference disappointed traders. The FTSE 100 closed 111.13 points below the opening bell, at 6,446.39. The ECB decided to keep key rates unchanged and unveiled further details of its asset-b
Read moreFTSE 100 movers: Hargreaves rises after Numis upgrade
2nd Oct 2014 16:19
Hargreaves Lansdown was one of just a handful of stocks to rise on Thursday, driven higher by Numis which upgraded its rating on the stock to 'buy'. Readacross from its US peer United Rentals sent shares in Ashtead into the red. Sainsbury continued its path lower following a disappointing update th
Read moreThursday broker round-up UPDATE
2nd Oct 2014 10:11
BAE Systems: Investec downgrades from hold to sell with a target price of 430p. British Sky Broadcasting: Credit Suisse ups target price from 600p to 630p and reiterates an underperform rating. Cobham: Investec lowers target price from 290p to 280p and stays with its reduce rating. Consort Medical
Read moreBAE Systems sells $1.1bn in long-term debt
1st Oct 2014 07:30
Defence engineering outfit BAE Systems has placed a total of $1.1bn in long-term notes to finance general corporate purposes, including the repayment of indebtedness. The first tranche of instruments, which has been placed amongst institutional investors, consists of $800m in notes maturing on 7 Oct
Read moreBroker tips: BAE Systems, Associated British Foods, Tesco
30th Sep 2014 17:04
Shares of aerospace engineer BAE Systems have run up by 12% relative to the Footsie over the past quarter, but it's time to sell, say analysts at Westhouse Securities. Thus, the firm can be expected to benefit from weakness in sterling. However, several negative aspects seen in recent reporting peri
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