Broker tips: Admiral, BAE Systems, Hipgnosis
13th Jun 2023 08:07
(Sharecast News) - Insurer Admiral tanked on Tuesday after Citi downgraded its stance on the shares to 'sell', saying that a 'deep dive' into industry loss ratio trends had suggested that consensus estimates for the group are currently an outlier.
Read moreRolls-Royce, BAE 'face investigation' in India over Hawk deal
30th May 2023 12:32
(Sharecast News) - India's Central Bureau of Investigation has reportedly filed a criminal complaint against Rolls-Royce and BAE Systems over previous fighter jet supply deals, officials said overnight.
Read moreBAE Systems trading in line so far this year
4th May 2023 07:46
(Sharecast News) - BAE Systems said on Thursday that trading so far this year has been in line with expectations, with "continued good operational performance".
Read moreDirector dealings: BAE Systems' Tom Arseneault makes share sale
22nd Mar 2023 16:18
(Sharecast News) - BAE Systems revealed on Wednesday that Tom Arseneault, chief executive of its US division, had disposed of 23,627 ordinary shares in the FTSE 100-listed arms, security, and aerospace company.
Read moreCiti stays at 'buy' on BAE Systems, says 2023 guidance 'somewhat conservative'
1st Mar 2023 11:23
(Sharecast News) - Analysts at Citi reiterated their 'buy' recommendation for shares of BAE Systems and hiked their target price arguing that the engineer's guidance was "somewhat conservative".
Read moreBAE Systems secures £181m Royal Navy contract
28th Feb 2023 15:47
(Sharecast News) - BAE Systems said on Tuesday that it has secured a $219m (£181m) contract to equip the Royal Navy's Type 26 frigates with five Mk 45 Maritime Indirect Fire Systems (MIFS).
Read moreBAE Systems hails record order intake
23rd Feb 2023 07:50
(Sharecast News) - Defence company BAE Systems hailed a record order intake for 2022 on Thursday, as it posted a rise in sales and underlying earnings amid what it described as an "elevated threat environment".
Read moreBAE sees growth in 2023 as political tensions rise
15th Nov 2022 07:04
(Sharecast News) - Weapons maker BAE Systems held guidance as it said a weaker pound would provide a tailwind for reported annual earnings and sales and said it expected more growth next year due to an "elevated threat environment".
Read moreSunday newspaper round-up: Bank windfall tax, Octopus Energy, Royal Navy
30th Oct 2022 10:24
(Sharecast News) - Two high-ranking sources near to the new Prime Minister and Chancellor gave short shrift to the idea that a new tax might be levied on lenders. Indeed, during his time as Chancellor, Rishi Sunak had looked at ways to bolster the City after Brexit, whereas bankers have been warning Jeremy Hunt that a tax raid would only hamstring such plans. Furthermore, government sources expect that Hunt will lower the current eight per cent tax surcharge on banks' earnings to three per cent, as had also been planned by Sunak, while raising corporation tax from 19 per cent to 25 per cent for a total levy on banks of 28 per cent. - The Sunday Times
Read moreJ.P.Morgan bumps up target price for BAE Systems, cites multiple positives
7th Oct 2022 13:24
(Sharecast News) - Analysts at J.P. Morgan upgraded their recommendation for shares of BAE Systems on expectations for a stronger US dollar and a reduction in the UK corporate tax rate.
Read moreSector movers: Homebuilders, Aerospace and Defence pace bounce
21st Sep 2022 19:07
(Sharecast News) - Household Goods and Home Construction led a bounce in the UK stock market, even as investors waited on an interest rate decision from the US Federal Reserve after Wednesday's close and another from the Bank of England the next day, together with news of a partial mobilisation of Russia's armed forces.
Read moreBAE Systems
30th Aug 2022 08:21
(Sharecast News) - Defence firm BAE Systems is reportedly in the 'final phase' of talks over a multi-billion-pound deal for five new submarine-hunting ships.
Read moreDeutsche Bank raises target price on BAE Systems
5th Aug 2022 08:28
(Sharecast News) - Analysts at Deutsche Bank raised their target price on aerospace and defence giant BAE Systems from 860.0p to 970.0p on Friday, stating the group was "still in a sweet spot".
Read moreJPMorgan upgrades BAE Systems to 'overweight'
3rd Aug 2022 09:01
(Sharecast News) - JPMorgan Cazenove upgraded BAE Systems on Wednesday to 'overweight' from 'neutral' and lifted the price target to 965p from 870p, saying it now expects the company to deliver around 10% earnings per share growth per year through to 2025 - and probably beyond - with "quite low" risk.
Read moreBAE unveils £1.5bn buyback as profits rise
28th Jul 2022 08:04
(Sharecast News) - UK defence company BAE Systems on Thursday unveiled a £1.5bn share buyback and higher interim profits.
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