London 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
Read moreCourt Confirms Reduction of VT Group's Share Capital
8th Jul 2010 11:30
LONDON (Dow Jones)--VT Group PLC (VTG.LN), a British defence and services company, said Thursday the court confirmed the reduction of VT's share capital in connection with the scheme by which the recommended acquisition of VT by Babcock International Group PLC (BAB.LN), an engineering support servic
Read moreMARKET TALK: Babcock Markets Remain Resilient - Seymour Pierce
8th Jul 2010 08:35
0735 GMT [Dow Jones] Babcock's (BAB.LN) trading update shows that since the beginning of March the order book has remained stable at GBP8.3B and the bid pipeline has remained healthy at around GBP3.3B, says Seymour Pierce. Says all existing contracts are performing in line with expectations, while c
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
8th Jul 2010 08:35
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0735 GMT [Dow Jones] Babcock's (BAB.LN) trading update shows that since the beginning of March the order book has remained
Read moreLondon open: Banks and miners lead advance
8th Jul 2010 08:17
London's top stocks got off to a flying start, up around 1% in early dealings, with banks and miners leading the way. Royal Bank of Scotland and Barclays have both added more than 4%, closely followed by Lloyds Banking, up just under 4%. Among the miners, Antofagasta, Xstrata and Kazakhmys are in d
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
8th Jul 2010 08:08
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] 0708 GMT [Dow Jones] Babcock (BAB.LN) issues a trading update for its first quarter, and business performance appears in line
Read moreMARKET TALK: Shore Keeps Babcock At Buy Post Update
8th Jul 2010 08:08
0708 GMT [Dow Jones] Babcock (BAB.LN) issues a trading update for its first quarter, and business performance appears in line with expectation, says Shore Capital. Adds cash generation continues, the order book remains at GBP8.3B, and the bid pipeline remains 'healthy' according to the management. S
Read moreMARKET TALK: Babcock Reports Good Start To Year - Arden
8th Jul 2010 08:00
0700 GMT [Dow Jones] Babcock (BAB.LN) has reported a good start to the year, with cash generation remaining strong and debt reducing, says Arden Partners. Notes the order book has remained stable at GBP8.3B, with no changes to workload coming through. Says the VT Group (VTG.LN) bid is expected to co
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
8th Jul 2010 08:00
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0700 GMT [Dow Jones] Babcock (BAB.LN) has reported a good start to the year, with cash generation remaining strong and deb
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
8th Jul 2010 07:53
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] 0653 GMT [Dow Jones] Babcock's (BAB.LN) update confirms trading in line with expectations, says KBC Peel Hunt, with the order
Read moreMARKET TALK: Babcock Update In Line - KBC Peel Hunt
8th Jul 2010 07:53
0653 GMT [Dow Jones] Babcock's (BAB.LN) update confirms trading in line with expectations, says KBC Peel Hunt, with the order book stable at GBP8.3B. Says the outlook remains positive, with good cash generation. Notes the focus remains on the VT Group (VTG.LN) acquisition which is due to complete Th
Read moreBabcock makes good start
8th Jul 2010 07:46
Engineering support services group Babcock International said its fiscal year has started well and trading has remained resilient. The group said it believes that there will be an increase in outsourcing opportunities as the government seeks to address the fiscal deficit in the UK. Since the start
Read moreBabcock Says Year Has Started Well, Outlook Upbeat
8th Jul 2010 07:26
By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Engineering support services provider Babcock International Group PLC (BAB.LN) Thursday said its fiscal year had started well and trading had remained resilient, as expected, and it gave an upbeat assessment of its prospects. "
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