London close: Stocks mixed on higher-than-expected UK inflaton
21st May 2025 15:06
(Sharecast News) - London stocks ended Wednesday on a mixed note as investors digested hotter-than-expected UK inflation figures and monitored rising geopolitical tensions in the Middle East.
Read moreBroker tips: Babcock, Phoenix Group
21st May 2025 07:44
(Sharecast News) - JPMorgan Cazenove lifted its price target on Babcock on Wednesday to 1,100p from 1,000p as it said the next five years are looking "very exciting".
Read moreBerenberg ups target for Babcock, cites outlook, leverage, pensions deficit
25th Apr 2025 16:44
(Sharecast News) - Analysts at Berenberg upped their target price for shares of defence engineer Babcock, from 885.0p to 910.0p.
Read moreBerenberg hikes target price on Babcock
25th Apr 2025 10:13
(Sharecast News) - Analysts at Berenberg raised their target price on engineering services firm Babcock from 885.0p to 910.0p on Friday, stating the group was "charting a profitable course".
Read moreBabcock delivers 'strong' underlying operating profits in FY25
23rd Apr 2025 08:51
(Sharecast News) - Aerospace and defence firm Babcock said on Wednesday that it had delivered "strong" underlying operating profits in the year ended 31 March, driven by the continuation of "positive trends" seen in Q3.
Read moreLondon close: Stocks higher as Reeves delivers Spring Statement
26th Mar 2025 15:01
(Sharecast News) - London stocks closed modestly higher on Wednesday, supported by investor reaction to the chancellor's Spring Statement and a larger-than-expected drop in UK inflation.
Read moreBabcock secures £1bn contract extension with MOD
26th Mar 2025 07:29
(Sharecast News) - Defence firm Babcock International said on Wednesday that it has been awarded a five-year contract extension with the Ministry of Defence worth around £1bn.
Read moreSunday newspaper round-up: BP, Defence, Tesla
9th Mar 2025 12:24
(Sharecast News) - Hedge fund Elliott wants BP to let go its petrol stations and move aggressively to improve its performance. BP management is preparing for a push in that regard by the activist investor. Elliott has already expressed its dissatisfaction with BP boss, Murray Auchincloss's move away from green projects and £10bn in additional investment in oil. - The Financial Mail on Sunday
Read moreLondon close: Stocks finish firmer as defence plays surge
3rd Mar 2025 15:58
(Sharecast News) - London's financial markets closed on a positive note on Monday, bolstered by a significant surge in defense stocks amid expectations of increased military expenditure.
Read moreJP Morgan hikes targets for defence stocks on European spending hopes
3rd Mar 2025 12:04
(Sharecast News) - JPMorgan has hiked target prices across the listed European defence sector by an average 25% on the back of an anticipated "rearmament cycle" across the continent.
Read moreBabcock lifts annual profit, revenue guidance
6th Feb 2025 07:11
(Sharecast News) - Shares in Babcock spiked on Thursday as the UK defence contractor upgraded full-year expectations on the back of double-digit organic growth in its nuclear operations and strong growth in the marine division.
Read moreLondon close: Stocks mixed ahead of UK inflation data
18th Nov 2024 16:56
(Sharecast News) - London's financial markets delivered a mixed performance on Monday, as traders digested fresh housing market data and braced for upcoming catalysts, including Nvidia's earnings and the latest UK inflation figures.
Read moreLondon close: Stocks mixed as US inflation meets forecasts
13th Nov 2024 15:00
(Sharecast News) - London stocks ended with mixed results on Wednesday, as investors assessed the latest US inflation data for October, which aligned with forecasts.
Read moreBabcock profits jump on global instability
13th Nov 2024 07:02
(Sharecast News) - UK weapons maker Babcock reported a sharp jump in half-year profits and held annual guidance as geopolitical tensions increased demands from governments for military hardware.
Read moreLondon close: Stocks finish higher as BoE holds rates
19th Sep 2024 16:03
(Sharecast News) - London stocks closed higher on Thursday, buoyed by the Bank of England's widely-expected decision to leave interest rates unchanged.
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