Credit Suisse upbeat about Babcock prospects
13th May 2014 10:14
Credit Suisse has initiated coverage of Babcock International with an 'outperform' rating, labelling the company as a 'one-of-a-kind engineering and technical services provider'. The bank has set a target price for the stock at 1,350p, representing around 10% upside from Monday's closing price of 1
Read moreTuesday broker round-up UPDATE
13th May 2014 09:08
Aberdeen Asset Management: Espirito Santo ups target price from 514p to 550p maintaining its buy recommendation. Asia Resource Minerals: JP Morgan starts with a target price of 210p and a neutral rating. Babcock International: Credit Suisse initiates with a target price of 1350p and an outperform
Read moreBabcock named preferred bidder for Network Rail renewal works
12th May 2014 07:40
Engineering support services group Babcock has been named as a preferred bidder for conventional plain line track works for Network Rail. Babcock's Rail business has won work across three of the seven geographic lots for the track renewals, namely Western, Wales and Wessex, Scotland and LNW South.
Read moreSinclair IS Pharma non-execs subscribe for placing shares
2nd May 2014 15:55
Stuart Swanson, a non-executive director of AIM-listed Sinclair IS Pharma on Friday subscribed for just under 3.13m shares as part of a placing that was on Thursday approved by shareholders to support the acquisition of Silhouette, an aesthetics company. The deal followed a purchase made earlier
Read moreLondon close: FTSE closes in positive territory, pharma stocks lead
22nd Apr 2014 16:15
- FTSE closes up 56.51 points at 6,681.76 - Easter weekend retail sales disappoint - Monthly US existing home sales down 0.4 per cent techMARK 2,738.48 +2.18% FTSE 100 6,681.76 +0.85% FTSE 250 16,082.24 +1.10% The FTSE 100 closed on an upbeat note today, having touched 6,700 earlier in the sessio
Read moreTuesday broker round-up UPDATE
22nd Apr 2014 07:39
ARM Holdings: Goldman Sachs cuts target price from 1500p to 1450p and keeps a buy recommendation. Ashtead Group: Investec increases target price from 800p to 1100p and keeps a buy recommendation. Babcock International: Investec cuts target price from 1385p to 1377p, while upgrading to buy. Beazle
Read moreLondon close: Traders look through slight weakness in data
1st Apr 2014 16:48
- Aberdeen, Babcock, BHP Billiton and GKN provide a lift - Insurers gain as Osborne calls for inquiry into leak - UK PMI falls to eight-month low techMARK 2,783.94 +0.70% FTSE 100 6,652.61 +0.82% FTSE 250 16,407.56 +0.82% Stocks rose sharply on Tuesday as investors chose to look through what at fi
Read moreFTSE 100 movers: Aberdeen, Sports Direct and Babcock rise strongly
1st Apr 2014 13:46
The share price of Aberdeen surged on Tuesday after the asset manager said that net outflows were just 0.2bn pounds in March, compared with 3.9bn pounds over the first two months of the year. The company also said that "significant additional cost savings" have been identified and are being implemen
Read moreBroker tips: Weir, Lloyds, SABMiller, Babcock
1st Apr 2014 12:52
Canaccord Genuity has retained its 'buy' recommendation for engineer Weir Group on the back of a possible merger with Finnish peer Metso, saying that "this deal has the potential to be very exciting". "Our first thoughts are on a strategic basis, a deal would make considerable sense with scope for
Read moreLondon midday: Stocks gain on data-heavy session
1st Apr 2014 11:24
- Aberdeen, Babcock, BHP Billiton and GKN provide a lift - Weir falls on potential Metso merger - UK PMI falls to eight-month low techMARK 2,773.69 +0.33% FTSE 100 6,632.50 +0.52% FTSE 250 16,342.90 +0.43% Decent performances from Aberdeen, Babcock, BHP Billiton and GKN gave UK markets a lift on T
Read morePanmure upgrades Babcock after Avincis buy, Magnox contract
1st Apr 2014 10:01
Panmure Gordon has raised its recommendation for engineering group Babcock from 'hold' to 'buy' after the recent acquisition of Avincis and a potential nuclear decommissioning project. The broker has hiked its target price from 1,350p to 1,525p. Last week's £920m purchase of helicopter services pr
Read moreTuesday broker round-up UPDATE
1st Apr 2014 09:39
African Barrick Gold: Deutsche Bank raises target price from 240p to 310p and keeps a hold recommendation. African Minerals: Deutsche Bank lowers target price from 399p to 382p, while its buy recommendation is kept. Allergy Therapeutics: Panmure Gordon ups target price from 16p to 25p and retains
Read moreLondon open: BHP, Aberdeen lead markets higher ahead of data
1st Apr 2014 08:23
- BHP Billiton, Aberdeen, Babcock, GKN provide a lift - Weir falls on Metso merger speculation - Markets await global manufacturing PMIs techMARK 2,779.21 +0.53% FTSE 100 6,621.97 +0.36% FTSE 250 16,339.39 +0.40% UK stocks opened with small gains on Tuesday ahead of a data-heavy session with manuf
Read moreLondon pre-open: Gains expected ahead of economic data
1st Apr 2014 07:50
UK stocks are expected to rise on Tuesday morning following a strong finish on Wall Street last night after comments from Federal Reserve Chair Janet Yellen. City sources predict the FTSE 100 will open 28 points higher than Friday's close of 6,598.37. Tuesday will be a data-heavy session for finan
Read moreBabcock secures long-term London fire contract
1st Apr 2014 07:06
Babcock International has confirmed it has been named preferred bidder on a 21-year contract with the London Fire Brigade. The FTSE 100 company successfully took over the management of the LFB's fleet of vehicles on an interim contract in November 2012 and the new long-term contract is expected to
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