Sunday newspaper round-up: Middle East, Aston Martin, Defence
14th Apr 2024 13:31
(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
Read moreBabcock secures £500m UK submarine contract
1st Mar 2024 07:28
(Sharecast News) - Babcock International has secured a significant contract with the UK's Submarine Delivery Agency (SDA), it announced on Friday, valued at £560m.
Read moreLondon close: Stocks slip as US jobless claims fall
8th Feb 2024 14:42
(Sharecast News) - London markets experienced a downturn in trading on Thursday, with stocks relinquishing earlier gains as investors processed a decrease in jobless claims in the United States.
Read moreBabcock shoots higher as JPMorgan lifts price target, EPS estimates
8th Feb 2024 08:18
(Sharecast News) - Babcock shot higher on Thursday as JPMorgan Cazenove lifted its price target on the shares to 630p from 610p and upped its earnings per share estimates following the company's capital markets day.
Read moreBabcock on track to hit targets after strong start to year
7th Feb 2024 08:03
(Sharecast News) - Defence engineering group Babcock has said that it is trading in line with expectations, as it meets with institutional investors and analysts for a capital markets day.
Read moreNumis upgrades Babcock to 'buy', cites brighter outlook
10th Jan 2024 07:20
(Sharecast News) - Numis upgraded Babcock on Wednesday to 'buy' from 'hold' and hiked the price target to 530p from 325p, citing "a brighter outlook, healthy order intake, achievable targets and still relatively undemanding valuation".
Read moreLondon close: Stocks fall amid rising geopolitical concerns
3rd Jan 2024 17:48
(Sharecast News) - London stocks closed lower on Wednesday - the 40th anniversary of the FTSE 100's launch - as sentiment remained cautious due to increasing tensions in the Middle East.
Read moreLondon close: Stocks sink after three days of gains
16th Nov 2023 15:45
(Sharecast News) - London markets ended in negative territory on Thursday, reversing a three-day winning streak.
Read moreBofA trims Babcock price target, reiterates 'buy' rating
16th Nov 2023 14:40
(Sharecast News) - Bank of America Merrill Lynch reiterated its 'buy' rating on Babcock International on Thursday while trimming its price target.
Read moreBabcock backs FY expectations, reinstates dividend
14th Nov 2023 08:45
(Sharecast News) - Aerospace and defence firm Babcock backed its full-year expectations on Tuesday, as it reported a rise in first-half revenue and profit, and reinstated its dividend.
Read moreBabcock secures £750m contract with MoD
10th Nov 2023 12:05
(Sharecast News) - Defence company Babcock International said on Friday that it has signed a four-year £750m contract with the UK Ministry of Defence's (MOD) Submarine Delivery Agency (SDA).
Read moreSunday newspaper round-up: Middle East, Heathrow, Aviva
5th Nov 2023 21:39
(Sharecast News) - The conflict in the Middle East and the resulting humanitarian crisis could trigger a global recession by compounding the challenges that are already facing the precarious world economy. That is the diagnosis of two of the biggest names on Wall Street. Larry Fink, who heads asset manager BlackRock, believes the 7 October Hamas atrocities, the attack on Gaza and the Ukraine invasion mean the world has been pushed to "almost a whole new future". For his part, J.P.Morgan head Jamie Dimon said that: " [...] these geopolitical matters are very serious - arguably the most serious since 1938." - Guardian
Read moreBAE Systems secures £3.95bn funding for submarine contract
2nd Oct 2023 10:41
(Sharecast News) - Defence contractor BAE Systems has been awarded £3.95bn of funding from the Ministry of Defence for the next phase of the UK's next-generation nuclear-powered attack submarine programme, known as SSN-AUKUS.
Read moreLondon close: Stocks mixed as interest rate concerns simmer
28th Sep 2023 16:12
(Sharecast News) - London stocks finished with a varied performance on Thursday as investors pored over the latest US jobless claims data, with underlying anxieties regarding interest rates still bubbling away.
Read moreBroker tips: Drax, Croda, Babcock
28th Sep 2023 11:03
(Sharecast News) - JPMorgan Cazenove cut its price target on Drax on Thursday to 740p from 830p as it lowered its valuation for the stock.
Read more