London pre-open: FTSE to track losses seen Stateside
1st Aug 2014 07:46
London's blue chips are expected to extend yesterday's losses early on in Friday's session following a large sell-off in the States on Thursday evening. City sources predict the FTSE 100 will open around 12 points lower than yesterday's close of 6,730.11. US stocks slid after a worse-than-expecte
Read moreBabcock appoints new CEO of International arm
29th Jul 2014 08:37
Babcock International's Finance Director Bill Tame has been appointed as Chief Executive of the engineering support services company's enlarged international division. Tame will head the South African operations, the Avincis helicopter services group and business development in the Middle East. Fr
Read moreThursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreTuesday tips round-up: Babcock, Tesco
22nd Jul 2014 08:06
The recent slide in the share price of Babcock has been "overdone", according to the Tempus column in The Times, which recommended investors 'buy' shares of the engineer. The paper said that the group, which operates in the defence, transport and energy markets, has a healthy order book of £13.5bn
Read moreBroker tips: Tesco, Babcock, Sage, Tullow Oil
21st Jul 2014 12:59
A profit warning from Tesco may result in more downgrades, but Shore Capital has upgraded its rating on the supermarket stock from 'sell' to 'hold' after the resignation of Chief Executive Officer Philip Clarke on Monday. "With this important development we sense that the market will broadly welcom
Read moreBabcock has been "oversold", says Investec after solid Q1
21st Jul 2014 10:55
The recent falls in the share price of Babcock have been "overdone", according to Investec, after the engineering services group delivered a solid first-quarter update on Monday. "The message from Babcock remains consistent and we believe that the stock has been oversold, so we maintain our 'buy' a
Read moreBabcock kicks off new year confidently as order book grows 17% in Q1
21st Jul 2014 09:33
Engineering group Babcock gave a confident outlook on Monday after a solid start to the new financial year with its order book rising 17% in the first quarter. The group, which works in the defence, energy, transport and telecoms sectors, said that its order book has grown to £13.5bn since the star
Read moreLondon open: Stocks fall as geopolitical risk remains high
21st Jul 2014 09:13
- Gaza fighting continues - Tensions still high after Malaysia Airlines crash in Ukraine - Tesco rises as investors welcome CEO departure despite profit warning techMARK 2,791.37 -0.44% FTSE 100 6,724.54 -0.37% FTSE 250 15,430.53 -0.81% UK stocks eased on Monday morning as continued fighting in Ga
Read moreBalfour Beatty and Babcock JV wins construction contract with Sellafield
25th Jun 2014 07:44
Balfour Beatty's joint venture (JV) with Babcock International's wholly-owned Cavendish Nuclear has been contracted for the third phase of the construction of a £160m maintenance facility at the biggest nuclear plant in the UK. The JV will build the mechanical handling plant for nuclear waste manag
Read moreWednesday broker round-up UPDATE
11th Jun 2014 09:05
ASOS: Berenberg reduces target price from 5350p to 3785p, while its buy recommendation is kept. Babcock International: Citi reduces target price from 1320p to 1280p and retains a neutral rating. Cobham: UBS raises target price from 290p to 315p and keeps a neutral rating. Dechra Pharmaceuticals:
Read moreWednesday tips round-up: Weir Group, Babcock International
11th Jun 2014 08:52
Oil rig operators in the US are going all-out, drilling non-stop seven days a week to hit their targets. That is very good news for Weir Group. The company derives 40% of its sales from the oil and gas sector, with the bulk of that coming from America, where it has a strong position manufacturing th
Read moreInvestec upbeat about Babcock despite government contract disappointment
10th Jun 2014 09:57
Investec has maintained its 'buy' rating and 1,377p target price for engineering contractor Babcock International despite the company announcing it was no longer in the running for government contracts to maintain and develop defence property. The company said late on Monday that it will not be awa
Read moreBabcock loses out on government contracts
9th Jun 2014 17:42
Engineering contractor Babcock on Monday said it was no longer in the running for government contracts to maintain and develop defence property. The company said it will not be awarded any of the work following talks with the Defence Infrastructure Organisation (DIO), losing out on about £4.35bn.
Read moreWednesday broker round-up UPDATE
21st May 2014 08:36
African Minerals: Citi reduces target price from 260p to 190p, while leaving its buy recommendation unchanged. Alliance Pharma: Numis lowers target price from 39p to 37p and maintains an add rating. APR Energy: JP Morgan shifts target price from 1082p to 1089p keeping its overweight rating. Astra
Read moreFTSE 100 movers: AstraZeneca slides on bid rejection
19th May 2014 15:20
Pharmaceutical giant AstraZeneca slumped after it rejected a 'final proposal' from US rival Pfizer. The offer, which valued the London-listed group at £69bn, would not be increased any further, Pfizer said, adding that it would not pursue a hostile offer and would only announce another offer with t
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