Tuesday tips round-up: BAE, Cobham, Majestic...
19th Jun 2012 07:03
The Independent's Investment View column has taken a look at Britain's biggest defence contractor BAE Systems, saying that while it may be avoided by the 'ethical investor' - given that it supplies high-tech weaponry - there's a financial case for holding the shares for people seeking income. The c
Read moreSector movers: Rolls-Royce lifts defence stocks after MoD contract
18th Jun 2012 15:37
A bumper contract for Rolls-Royce has boosted the stock today, meaning that the aerospace and defence sector was one of the best performers in afternoon trade. The global power systems group announced on Monday that it has bagged a massive contract with the Ministry of Defence worth over £1bn to su
Read moreBAE Systems to sell high performance materials business
8th Jun 2012 15:47
BAE Systems, the FTSE 100 defence, security and aerospace group, has entered into an agreement to sell the assets which form the BAE Systems Tensylon High Performance Materials business, which develops and manufactures a leading protective material. The assets will be sold to E. I. du Pont de Nemo
Read moreLondon midday: IHG leads stocks higher
31st May 2012 11:45
- IHG jumps on M and A speculation - Logica soars after CGI bid - Stocks rise but eyes still focus on Eurozone Stocks had held on to early gains by Thursday lunchtime as the Footsie attempted to rebound from heavy falls the day before; concerns over Spain and its financial system sent stocks tumbli
Read moreFriday broker round-up -UPDATE
25th May 2012 09:16
Aggreko: HSBC upgrades from neutral to overweight. Bumi: Nomura slashes target to 860p from 1,000p, stays at neutral. British Petroleum: Credit Suisse retains outperform, cuts target to 540p from 550p. ARM Holdings: UBS upgrades from neutral to buy, target lifted from 620p to 630p. BAE Systems
Read moreThursday newspaper round-up: BoE, Facebook, BAE
24th May 2012 07:08
No "rational person" would want to see Greece leave the Eurozone, Nick Clegg will say today, warning that Britain will be worse off if the currency starts to break up. Markets tumbled again on Wednesday in reaction to fears that Greece's exit was being prepared. David Cameron was in Brussels pleadin
Read moreFTSE 100 movers: Miners dragging index down
23rd May 2012 15:46
The blue-chip miners were dominating the fallers list on the Footsie by midday as metals prices dropped on concerns that the Chinese economy may be affected greatly by Greece leaving the euro: investment bank China International Capital Corp said today that the world's second-largest economy could s
Read moreBAE scores lucrative training contract
23rd May 2012 14:22
Defence, security and aerospace group BAE Systems has been awarded a significant contract to support the future aircrew training requirements of the Royal Saudi Air Force by the Saudi British Defence Co-operation programme. The £1.6bn deal follows an agreement between the governments of both the
Read moreThursday broker round-up
10th May 2012 09:28
Abcam: Canaccord Genuity reiterates hold recommendation and 370p target. Aveva: UBS upgrades from sell to neutral, 1,600p target unchanged. BAE Systems: AlphaValue upgrades from add to buy, target raised from 342.7p to 343.4p. BT: Jefferies keeps buy recommendation and 268p target; Nomura reitera
Read moreBAE to offload US body armour unit
2nd May 2012 14:47
BAE Systems, the defence, security and aerospace group, has announced that it is selling its US body armour and firearm accessories division, Safariland. The firm has entered into an agreement with a newly formed acquisition vehicle affiliated with Kanders & Company to dispose of Safariland for aro
Read moreBAE foresees modest growth in EPS
2nd May 2012 07:20
A depressed defence market, exacerbated by political uncertainty in the US, has led to a downbeat trading update from BAE Systems. The company says "little sales growth can be expected in 2012 in the current market conditions, modest growth in underlying earnings per share is anticipated." One cru
Read moreCobham grabs Murphy from BAE to be new CEO
23rd Apr 2012 13:38
Robert Murphy, a member of the defence group BAE Systems' Executive Committee, is to leave the company to take up the Chief Executive Officer (CEO) role at sector peer Cobham. Murphy, who was Executive Vice President of BAE Systems Inc's Product Sectors division, will move into the Cobham hot seat
Read moreSector movers: Rolls-Royce, BAE lifts aerospace/defence stocks
19th Apr 2012 15:50
FTSE 100 peers Rolls-Royce and BAE systems lifted the aerospace and defence sector to the top of the pile on Thursday afternoon. Power systems giant Rolls-Royce was gaining 4% today, helped by Morgan Stanley which reiterated its overweight rating on the stock today. Investors may be building posi
Read moreLondon close: Financials weigh on Footsie
18th Apr 2012 16:34
- Financials, ex-div stocks weigh down Footsie - BoE's Miles alone on more QE - Italy may delay achieving balanced budget by a year The Footsie finished firmly lower on Wednesday afternoon despite some positive domestic jobless figures, as concerns over the Eurozone continued to dampen sentiment. S
Read moreFTSE 100 movers: Miners leading the way
18th Apr 2012 13:50
Miners were among the best performers on the Footsie with precious metals group Fresnillo rising strongly. The group this morning hailed a strong start to 2012 with gold production beating its own expectations and silver output being on target. BHP Billiton was wanted after iron ore production at
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