Broker snap: Babcock is in a good position, say analysts
2nd Oct 2012 10:57
The majority of brokerages hailed engineering group Babcock International's first-half trading update as 'in line' on Tuesday, maintaining their upbeat views on the stock. Jefferies reiterated its 'buy' recommendation and 970p target price for Babcock, saying that the business is "holding a steady
Read moreLondon open: Spanish bailout rumours weigh on stocks
2nd Oct 2012 08:40
Following a strong surge the day before, London's FTSE 100 slipped in early trading on Tuesday with concerns about a Spanish bailout weighing on sentiment early on. According to reports, Spain has finally decided to move ahead with its bailout request to the Eurozone, but Germany now wants Madrid t
Read moreTuesday broker round-up
2nd Oct 2012 08:17
African Barrick Gold: Deutsche Bank raises target from 510p to 540p, hold rating kept. African Minerals: Deutsche Bank cuts target from 708p to 610p, buy rating kept. Allocate Software: N+1 Brewin downgrades to hold, target cut from 94p to 80p. Babcock: Investec raises target from 970p to 100p, b
Read moreLondon pre-open: FTSE expected to open lower
2nd Oct 2012 07:30
City sources predict the FTSE 100 will open down 29 points from yesterday's close of 5,820, despite positive data from the US giving a boost to state-side stocks last night. European markets also performed well yesterday, driven by better-than-expected manufacturing data, but investors are likely
Read moreBabcock on track in second half
2nd Oct 2012 07:06
Engineering support firm Babcock said it was enjoying buoyant markets as customers turned to it to make cost savings. The company said it was confident of meeting its expectations for this financial year and delivering strong progress on last year. Both civil and military markets remained strong a
Read moreTuesday preview: Wolseley special divi on tap
1st Oct 2012 17:13
If market rumours are to be believed, plumbers' merchant Wolseley could announce a special dividend with its full-year results on Tuesday. If it does so, that would represent a remarkable turnaround for a company which not so long ago looked set to collapse under the weight of its own debt. "The g
Read moreSweett scores hat-trick of energy sector deals
17th Aug 2012 09:07
Sweett Group, the international property and infrastructure consultancy, has secured three energy sector appointments in the UK. The first contract is with Babcock International Group, under which it will provide quantity surveying and commercial services on the engineering firm's UK nuclear decom
Read moreLondon midday: Stocks fall despite retail data and stimulus hopes
16th Aug 2012 11:46
- UK retail sales beat estimates in July - Investors eye US data - Chinese stimulus hopes increase After a pretty subdued start, the Footsie had fallen further into the red by Thursday lunchtime in spite of some better-than-expected UK retail sales data. Sales volumes rose by 0.3% during July, up
Read moreThursday broker round-up
16th Aug 2012 10:06
Aegis: UBS downgrades to neutral. Babcock: Espirito Santo downgrades to neutral. Balfour Beeatty: HB Markets downgrades to hold; Deutsche Bank downgrades to hold. BG Group: Morgan Stanley downgrades to equal weight. Capital Shopping Centres: Oriel Securities upgrades to hold. Carclo: N+1 Brewin
Read moreLondon open: Mixed start; African Barrick jumps
16th Aug 2012 08:39
- African Barrick up as China Gold shows interest - Markets continue to sift through global economic data - Wen sees 'growing room for policy operation' London's benchmark index was broadly flat on Thursday morning as investors continue to digest a raft of economic data that has been released over
Read moreBabcock completes sale of VT Services
11th Jul 2012 11:50
Babcock, the FTSE-100 engineering support firm, has completed the previously announced sale of VT Services, the group's US defence business to VT Holdings, a special purpose vehicle. The disposal was made for a cash consideration of $98.75m (around £61m). VT Services, an engineering support and
Read moreFriday broker round-up
6th Jul 2012 09:35
Aviva: SocGen upgrades to hold from sell. Aberdeen: UBS cuts target from 310p to 300p, buy rating unchanged. Associated British Foods: Nomura raises target from 1,375p to 1,400p, buy recommendation unchanged. AstraZeneca: Jefferies downgrades from buy to hold, target left at 2,975p. AVEVA: Beren
Read moreFriday tips round-up: GKN, Babcock, Cineworld
6th Jul 2012 07:02
In the Telegraph, the Questor column is very happy with engineering firm GKN's takeover of Volvo's engine division for 633m pounds. The deal pushes the group into becoming one of the top 10 suppliers to the commercial aircraft industry. GKN also trades at a relatively modest 8.3 times earnings. Que
Read moreThursday broker round-up:
5th Jul 2012 08:06
Aquarius Platinum: Canaccord Genuity downgrades to hold. ARM Holdings: Jefferies maintains hold rating and 485p target. Ashmore: Citigroup cuts target from 400p to 350p, neutral rating kept. Babcock: Jefferies keeps buy recommendation and 970p target. Bellway: UBS raises target from 800p to 900p
Read moreBabcock confident of strong year
5th Jul 2012 07:28
Engineering support services group Babcock said the new financial year had started well and it was confident of meeting expectations. The company said the economic environment was playing into its hands as customers sought to outsource more of their technical, engineering and training support needs
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