Babcock holds guidance as underlying profits rise
19th Sep 2024 07:24
(Sharecast News) - UK defence company Babcock held annual guidance as underlying profit rose in the first five months of the financial year.
Read moreSector movers: Defence shares drag on market amid investor caution
3rd Sep 2024 00:54
(Sharecast News) - The FTSE 350 started the month of September on a down note with Defence issues weakest as analysts acted on the sector's lofty valuation.
Read moreLondon close: Stocks finish higher as US inflation slows
26th Jul 2024 14:35
(Sharecast News) - London stocks ended the week on a positive note on Friday, with NatWest a standout performer, as investors digested a dip in inflation from across the pond.
Read moreBabcock profits rise amid uplift in global defence budgets
26th Jul 2024 08:24
(Sharecast News) - Babcock International posted a jump in full-year profit on Friday as it continued to be boosted by a "sustained uplift" in global defence budgets, with a strong performance in Nuclear, Land and Aviation.
Read moreLondon close: Stocks finish higher after UK, US jobs data
18th Jul 2024 16:03
(Sharecast News) - London stocks remained positive by the close on Thursday, buoyed by investor reactions to new employment data from the United States and the UK.
Read moreBerenberg downgrades Babcock to 'hold'
18th Jul 2024 08:08
(Sharecast News) - Berenberg downgraded Babcock on Thursday to 'hold' from 'buy', pointing to the fact the shares have re-rated since it initiated coverage in 2022 and now adequately price in the benefits of the company's strategic turnaround.
Read moreLondon close: Stocks mixed as UK inflation holds steady
17th Jul 2024 12:28
(Sharecast News) - London stocks ended mixed on Wednesday as the latest inflation data came in slightly higher than anticipated, casting doubt on a potential interest rate cut in August.
Read moreBabcock profits surge despite £90m negative hit from Navy contract
17th Jul 2024 07:22
(Sharecast News) - Defence and aerospace group Babcock has reported a 34% surge in underlying profits in the year ended 31 March despite a £90m hit on a ship-building contract with the Royal Navy.
Read moreLondon close: Stocks finish lower after Airbus profit warning
25th Jun 2024 15:54
(Sharecast News) - London stocks ended Tuesday in negative territory, influenced by significant losses in key sectors following a profit warning from Airbus.
Read moreLondon close: Stocks take a breather after last week's surge
13th May 2024 15:36
(Sharecast News) - London's stock markets ended the day in negative territory on Monday, with investors taking a breather following a six-day winning streak that propelled the FTSE 100 to a new all-time high.
Read moreSunday newspaper round-up: Middle East, Aston Martin, Defence
14th Apr 2024 13:31
(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
Read moreBabcock secures £500m UK submarine contract
1st Mar 2024 07:28
(Sharecast News) - Babcock International has secured a significant contract with the UK's Submarine Delivery Agency (SDA), it announced on Friday, valued at £560m.
Read moreLondon close: Stocks slip as US jobless claims fall
8th Feb 2024 14:42
(Sharecast News) - London markets experienced a downturn in trading on Thursday, with stocks relinquishing earlier gains as investors processed a decrease in jobless claims in the United States.
Read moreBabcock shoots higher as JPMorgan lifts price target, EPS estimates
8th Feb 2024 08:18
(Sharecast News) - Babcock shot higher on Thursday as JPMorgan Cazenove lifted its price target on the shares to 630p from 610p and upped its earnings per share estimates following the company's capital markets day.
Read moreBabcock on track to hit targets after strong start to year
7th Feb 2024 08:03
(Sharecast News) - Defence engineering group Babcock has said that it is trading in line with expectations, as it meets with institutional investors and analysts for a capital markets day.
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