FTSE 250 movers: Connaught crashes again
9th Aug 2010 13:07
Shares in social housing maintenance group Connaught are sharply lower again as it holds emergency talks with banks over a possible debt-for-equity swap that would wipe out shareholders. A note from Execution Noble has sent engineering support services group Babcock International higher. The broker
Read moreOffice Of Fair Trade Merger Update
29th Jul 2010 14:09
TIDMBAB RNS Number : 1770Q Office of Fair Trading 29 July 2010 ? Report under Section 107 (1) of the Enterprise Act 2002 (the Act) of the OFT's decision under Section 33 of the Act. The OFT has published the text of its decision on the anticipated acquisition by Babcock International Group plc of
Read moreMARKET TALK: Growth Looking Scarce;Focus On Strong UK Mid-Caps
28th Jul 2010 14:26
1326 GMT [Dow Jones] Growth is set to become increasingly scarce in Western economies warns Ralph Brook-Fox, manager of Ignis UK Focus Fund. Says, "Any UK company that can demonstrate strong secular growth above the cyclical recovery will be well rewarded in its rating by the market." Suggests five
Read moreMARKET TALK: BofA Merrill Resumes Babcock Intl At Underperform
26th Jul 2010 11:01
1001 GMT [Dow Jones] Bank of America Merrill Lynch resumes coverage of Babcock International (BAB.LN) at underperform with a 580p price objective. Brokerage says the underperform rating is due to the increased operational and financial risk in the business following the VT Group (VTG.LN) acquisition
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
26th Jul 2010 11:01
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1001 GMT [Dow Jones] Bank of America Merrill Lynch resumes coverage of Babcock International (BAB.LN) at underperform with
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jul 2010 12:01
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1101 GMT [Dow Jones] KBC Peel Hunt raises Babcock (BAB.LN) price target to 700p from 650p. Reckons the acquisition of VT Grou
Read moreMARKET TALK: KBC Peel Hunt Raises Babcock Price Target
14th Jul 2010 12:01
1101 GMT [Dow Jones] KBC Peel Hunt raises Babcock (BAB.LN) price target to 700p from 650p. Reckons the acquisition of VT Group (VTG.LN) brings significant strategic and operational benefits. KBC thinks the guided synergy benefits of GBP50M per annum pretax and GBP8M of financial savings after three
Read moreBabcock International Announces New Divisional Structure
12th Jul 2010 12:11
LONDON (Dow Jones)--Babcock International Group PLC (BAB.LN) said Monday that, as part of the integration of VT Group PLC, it has announced internally the formation of four divisions which will form the structure for the group. MAIN FACTS: -The four divisions will be Marine, led by Archie Be
Read moreMARKET TALK: Execution Starts Nine UK Support Services Stocks
12th Jul 2010 10:39
0939 GMT [Dow Jones] Execution Noble initiates coverage on nine UK support services stocks. Starts Babcock International (BAB.LN), eaga (EAGA.LN), Mears Group (MER.LN), Serco Group (SRP.LN) and WSP (WSH.LN) at buy. Starts WS Atkins (ATK.LN) and Connaught (CNT.LN) at hold. Begins Capita Group (CPI.L
Read moreMorson Group To Buy Acetech Personnel Business, Assets For GBP2.35M
12th Jul 2010 08:04
LONDON (Dow Jones)--Morson Group PLC (MRN.LN), a U.K. provider of technical engineering personnel and project design solutions, said Monday it has reached agreement to buy the business, contracts and fixed assets of Acetech Personnel Ltd., for GBP2.35 million in cash from Babcock International Group
Read moreMorson Group Plc Acquisition
12th Jul 2010 07:00
TIDMMRN TIDMBAB RNS Number : 1598P Morson Group PLC 12 July 2010 ? +----------------------------------+----------------------------------+ | For Immediate Release | Monday 12th July | +----------------------------------+----------------------------------+
Read moreLondon close: Footsie powers forward
8th Jul 2010 16:59
Footsie's strong recovery continued for a third day with the blue chip index closing above 5,100 driven by buoyant financial services companies. The index is up by more than 300 points this week and to its highest in nine days. Growing optimism about the European bank stress tests and yesterday's
Read moreLondon afternoon: Footsie on fire
8th Jul 2010 14:13
Bullish banks and rising commodity prices have sparked a fresh rally, taking this week's recovery near to 300 points and the leading index to its highest in nine days. Growing optimism about the European bank stress tests and yesterday's forecast upgrade by American peer State Street had buyers all
Read moreBabcock Intnl Group Completion Of Acquisition
8th Jul 2010 13:37
TIDMBAB TIDMVTG RNS Number : 0595P Babcock International Group PLC 08 July 2010 ? NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
Read moreLondon midday: Banks buoyed by IMF report
8th Jul 2010 12:03
Leading shares resumed their upward trek late in the morning session, with banks leading the advance ahead of the announcement of the Bank of England's rate decision announcement. The Bank kept interest rates unchanged at 0.5%, as expected Buyers have been chasing bank prices higher after the Inter
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