Babcock International profits as outsourcing demand remains strong
25th May 2016 07:54
(ShareCast News) - Babcock International posted a strong set of final results, with the FTSE 100 engineering outsourcer's all-organic profits rising steadily and emitted optimistic sounds about future growth in the UK and internationally. Underlying revenue of £4.84bn for the 12 months to March was
Read moreMonday broker round-up
23rd May 2016 18:04
(ShareCast News) - Royal Mail: RBC upgrades to sector perform with a 525p target. Weir: HSBC upgrades to buy with a 1450p target. Sports Direct: Goldman Sachs downgrades to neutral with a target price of 400p. Easyjet: Macquarie reiterates outperform with a target of 2100p. ICAP: Credit Suisse re
Read moreBabcock joint venture secures MOD contract
20th May 2016 08:02
(ShareCast News) - Babcock's joint venture with Lockheed Martin, Ascent Flight Training, has been awarded a contract by the Ministry of Defence to deliver the rotary wing element of the UK Military Flying Training System (UKMFTS). The engineering support services group said the total revenue value o
Read moreTuesday broker round-up
5th Apr 2016 15:09
(ShareCast News) - Royal Mail: Investec reiterates buy with a target price of 580p. Gooch Housego: Investec reiterates buy, 1020p target and Finncap keeps at hold. Glencore: Exane BNP Paribas maintains outperform with a target price of 165p. Babcock: JP Morgan reiterates overweight with a targe
Read moreWood Group wins contract with Babcock International
1st Mar 2016 10:03
(ShareCast News) - Oil and gas services firm Wood Group has won a $120m (£86m) contract with Babcock International to provide industrial services to a number of its UK sites. The company said the contact will be delivered by Wood Group PSN's industrial service line business, Wood Group Industrial Se
Read moreThursday newspaper share tips: Auto Trader
18th Feb 2016 17:34
(ShareCast News) - AutoTrader had done well since floating last March and assuming used car sales continued rising the shares should continue to do quite well, the Financial Times's Lex column said on Thursday. Stock in the online car market had outperformed the FTSE All-Share by 65% since then, alt
Read moreBabcock secures six year contract with MoD for non-combat vehicles
17th Feb 2016 11:13
(ShareCast News) - Babcock International said the UK Ministry of Defence has confirmed its decision to award the group a six-year contract for the provision and management of its 'white fleet' of non-combat vehicles. The engineering support services company said the Phoenix II contract replaces its
Read moreLakehouse directors nab shares after profit warning
5th Feb 2016 15:43
(ShareCast News) - Members of Lakehouse's board nabbed some shares in the company following a profit warning earlier in the week that saw shares in the asset and energy support services group tank. Chairman Stuart Black, chief executive Sean Birrane, chief financial officer Jeremy Simpson and Mic
Read moreBabcock non-exec picks up some shares
3rd Feb 2016 15:15
(ShareCast News) - Engineering support services company Babcock International said non-executive director Jeff Randall purchased 1,134 shares at 8.81p each. This brings his total holding to 4,268 shares. On Tuesday, Babcock said its joint venture with Lockheed Martin, Ascent Flight Training, had
Read moreBabcock JV wins £1.1bn contract with MoD
2nd Feb 2016 11:11
(ShareCast News) - Babcock International's joint venture with Lockheed Martin, Ascent Flight Training, has been awarded a £1.1bn contract from the Ministry of Defence. The contract is to deliver the fixed wing element of the UK Military Flying Training System (UKMFTS) through to 2033, in partnership
Read moreRogers to step down as Babcock CEO
28th Jan 2016 07:08
(ShareCast News) - Babcock has announced that group chief executive Peter Rogers will retire from the company at the end of August. Rogers has been leading the company since August 2003, growing the company from a small cap business to a FTSE 100 giant. Babcock chairman Mike Turner said he has b
Read moreBabcock and Scapa directors lose millions in share awards to tax obligations
1st Dec 2015 16:29
(ShareCast News) - Babcock International Group's directors all saw their net worth go up on Tuesday, however it was hit slightly due to tax obligations. Chief executive Peter Rogers, international division boss William Tame, executive director Kevin Thomas, and support services boss John Davies exer
Read moreBroker tips: Babcock, Petra Diamond, Merlin Enetertainments
1st Dec 2015 15:07
(ShareCast News) - Babcock is in a sweet-spot strategically, given its growing market and "solid" barriers to entry, but at present there are "too many risks for comfort" around the investment case, analysts said. In a research mote sent to clients, Citi analysts Ed Steele, Marc van'T Sant and Avina
Read moreFTSE 100 movers: Banks lead the charge after stress test results
1st Dec 2015 14:15
(ShareCast News) - The FTSE 100 was in the black on Tuesday, sitting at 6,379.33, up 23.24 points (0.37%) by mid-afternoon. The biggest risers came from the banking sector after all seven of Britain's largest banks passed stress tests by the Bank of England, with Governor Mark Carney assuring that n
Read moreCiti downgrades Babcock to 'sell'
1st Dec 2015 11:35
(ShareCast News) - Babcock is in a sweet-spot strategically, given its growing market and "solid" barriers to entry, but at present there are "too many risks for comfort" around the investment case, analysts said. In a research mote sent to clients, Citi analysts Ed Steele, Marc van'T Sant and Avina
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