Speedy Hire signs new deal with Babcock
3rd Feb 2014 13:40
Speedy Hire shares climbed after the equipment rental and support services provider entered into a three-year services agreement with Babcock under which it will provide support to all of its UK divisions. The agreement, under which Speedy Hire will provide an extended range of plant and equipment
Read moreHICL invests in two new social infrastructure projects
27th Jan 2014 08:00
Investment group HICL Infrastructure has made two new acquisitions worth a total of 23.5m pounds, investing in the Holdfast Training Services Limited and the Sheffield BSF Schools project. The company has acquired a 26% stake in Holdfast, a public private partnership joint venture with support serv
Read moreMonday broker round-up UPDATE
20th Jan 2014 08:41
Admiral Group: Canaccord Genuity raises target price from 1160p to 1400p and upgrades to hold. African Barrick Gold: Westhouse Securities lowers target price from 170p to 160p and downgrades to sell. Alkane Energy: Liberum Capital downgrades to hold with a target price of 44p. Allocate Software:
Read moreBabcock buys into cyber security sector
17th Dec 2013 07:09
Engineering support services group Babcock International has acquired a cyber security company to strengthen its computer systems offering. The FTSE 100 company paid £28m for ContextIS, with a deferred £4m to be paid in 2016, and it will operate alongside the group's other consultancy businesses.
Read moreFTSE 100 movers: Drinks firms dragged lower by Remy Cointreau
26th Nov 2013 14:04
Drinks makers SABMiller and Diageo declined as they tracked their European counterparts lower after French peer Remy Cointreau SA forecast a decline in annual profit. One of the Chinese metals groups bidding for Glencore Xstrata's Las Bambas copper project in Peru has dropped out of the race after
Read moreLondon close: FTSE 100 rises as investors celebrate Iran deal
25th Nov 2013 16:40
- Global indices continue to set new highs - P5+1 strikes deal with Iran over nuclear programme - Travel stocks rise, oil stocks fall techMARK 2,651.39 +0.35% FTSE 100 6,694.62 +0.30% FTSE 250 15,299.92 +0.74% UK financial markets on Monday celebrated the deal to limit Iran's nuclear activity with
Read moreFTSE 100 movers: Airlines climb on Iran deal and broker comments
25th Nov 2013 15:06
Airlines IAG and easyJet were both higher after oil prices went into decline following the deal with Iran which eased export sanctions for the latter and significantly lowered tensions in the Middle East. Iran and the so-called P5+1 nations of Russia, China, France, Germany, the UK and the US came
Read moreBroker tips: easyJet, Babcock, Chemring, Cranswick
25th Nov 2013 12:06
Jefferies on Monday moved to a 'buy' recommendation (from 'hold') on the shares of low-cost carrier easyJet on the potential for further cash returns and greater confidence in the company's ability to maintain its strong competitive position. Analysts said that the shares now trade at a 35% premi
Read moreLondon midday: Travel stocks lift markets higher after Iran deal
25th Nov 2013 11:18
- Markets hail Iran accord over nuclear programme - Oil, gold prices drop after Iran deal - US markets set to extend record highs techMARK 2,654.27 +0.46% FTSE 100 6,695.66 +0.32% FTSE 250 15,292.96 +0.69% News of a deal constraining Iran's nuclear programme gave equity markets a lift on Monday mo
Read moreBroker snap: Babcock hit by downgrades from Numis, Panmure Gordon
25th Nov 2013 09:51
Numis Securities has downgraded its rating for Babcock from 'buy' to 'hold' after the company confirmed speculation that it is in discussions with aviation services group Avincis. Nevertheless, the broker reiterated its long-term positive view on the stock, saying that it "looks capable of maintain
Read moreLondon open: Markets welcome Iran deal, travel stocks jump
25th Nov 2013 08:25
- Markets hail Iran accord over nuclear programme - Oil companies slumps, travel stocks surge - Oil, gold prices drop after Iran deal techMARK 2,661.69 +0.74% FTSE 100 6,702.01 +0.42% FTSE 250 15,314.64 +0.84% UK markets headed higher on Monday morning as investors welcomed the deal over the weeke
Read moreMonday broker round-up UPDATE
25th Nov 2013 08:00
African Barrick Gold: Goldman Sachs ups target price from 110p to 140p, but still recommends selling. Alternative Asset Opps: Westhouse Securities initiates with a buy recommendation. Amino Technology: Northland Capital cuts target price from 110p to 100p and downgrades from buy to hold. Asian Pl
Read moreLondon pre-open: FTSE to rise on US deal with Iran
25th Nov 2013 07:28
City sources predict the FTSE 100 will open around 28 points higher than Friday's close of 6,674.30 after the US struck a deal with Iran on its nuclear activities in exchange for the easing of international sanctions against it, which had been affecting its oil exports. The deal means tensions in th
Read moreBabcock in discussions with helicopter group Avincis
25th Nov 2013 07:08
London-listed engineering services giant Babcock has revealed that it is in discussions about setting up a 'joint venture' with helicopter firm Avincis. The Financial Times cited sources as saying that the Babcock is looking to pay around £400m for a 50% interest in the company before a potential t
Read moreSunday newspaper round-up: Iran, RBS, Babcock
24th Nov 2013 16:46
The interim deal between Iran and six world powers hammered out in the small hours of November 24th to curb the former's nuclear programme is a long way from perfect, but it meets two key tests. The first is that it will extend Iran's so-called "critical capability"?the time needed for it to produce
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