Numis upgrades Babcock to 'buy', cites brighter outlook
10th Jan 2024 07:20
(Sharecast News) - Numis upgraded Babcock on Wednesday to 'buy' from 'hold' and hiked the price target to 530p from 325p, citing "a brighter outlook, healthy order intake, achievable targets and still relatively undemanding valuation".
Read moreLondon close: Stocks fall amid rising geopolitical concerns
3rd Jan 2024 17:48
(Sharecast News) - London stocks closed lower on Wednesday - the 40th anniversary of the FTSE 100's launch - as sentiment remained cautious due to increasing tensions in the Middle East.
Read moreLondon close: Stocks sink after three days of gains
16th Nov 2023 15:45
(Sharecast News) - London markets ended in negative territory on Thursday, reversing a three-day winning streak.
Read moreBofA trims Babcock price target, reiterates 'buy' rating
16th Nov 2023 14:40
(Sharecast News) - Bank of America Merrill Lynch reiterated its 'buy' rating on Babcock International on Thursday while trimming its price target.
Read moreBabcock backs FY expectations, reinstates dividend
14th Nov 2023 08:45
(Sharecast News) - Aerospace and defence firm Babcock backed its full-year expectations on Tuesday, as it reported a rise in first-half revenue and profit, and reinstated its dividend.
Read moreBabcock secures £750m contract with MoD
10th Nov 2023 12:05
(Sharecast News) - Defence company Babcock International said on Friday that it has signed a four-year £750m contract with the UK Ministry of Defence's (MOD) Submarine Delivery Agency (SDA).
Read moreSunday newspaper round-up: Middle East, Heathrow, Aviva
5th Nov 2023 21:39
(Sharecast News) - The conflict in the Middle East and the resulting humanitarian crisis could trigger a global recession by compounding the challenges that are already facing the precarious world economy. That is the diagnosis of two of the biggest names on Wall Street. Larry Fink, who heads asset manager BlackRock, believes the 7 October Hamas atrocities, the attack on Gaza and the Ukraine invasion mean the world has been pushed to "almost a whole new future". For his part, J.P.Morgan head Jamie Dimon said that: " [...] these geopolitical matters are very serious - arguably the most serious since 1938." - Guardian
Read moreBAE Systems secures £3.95bn funding for submarine contract
2nd Oct 2023 10:41
(Sharecast News) - Defence contractor BAE Systems has been awarded £3.95bn of funding from the Ministry of Defence for the next phase of the UK's next-generation nuclear-powered attack submarine programme, known as SSN-AUKUS.
Read moreLondon close: Stocks mixed as interest rate concerns simmer
28th Sep 2023 16:12
(Sharecast News) - London stocks finished with a varied performance on Thursday as investors pored over the latest US jobless claims data, with underlying anxieties regarding interest rates still bubbling away.
Read moreBroker tips: Drax, Croda, Babcock
28th Sep 2023 11:03
(Sharecast News) - JPMorgan Cazenove cut its price target on Drax on Thursday to 740p from 830p as it lowered its valuation for the stock.
Read moreBabcock shares jump but Liberum says 'hold'
28th Sep 2023 09:13
(Sharecast News) - Defence and civil specialist equipment manufacturer Babcock reported an "encouraging" start to the financial year, though that wasn't enough for analyst at Liberum to change their neutral stance on the stock.
Read moreBabcock backs FY expectations after 'encouraging' start
28th Sep 2023 07:09
(Sharecast News) - Babcock backed its full-year expectations on Thursday as it said trading since the start of the financial year has been "encouraging".
Read moreSunday newspaper round-up: HS2, Babcock, Airbus
24th Sep 2023 11:57
(Sharecast News) - The Prime Minister is facing enormous push back from senior Tories and captains of industry due to signs that he may walk back on plans for the northern section of the HS2 high speed rail service before the party conference next weekend. Rishi Sunak was expected to meet with the Chancellor on Monday or Tuesday and an announcement was expected to follow by the middle of the week, several sources told the Observer. One source however said that it was not inconceivable that Sunak might yet decide otherwise. - Guardian
Read moreBroker tips: Ashmore, Melrose Industries, Babcock
11th Sep 2023 16:58
(Sharecast News) - Shares of emerging markets investment manager Ashmore have tanked since the start of the year but still don't represent a buying opportunity, according to Citi, which maintained its 'sell' rating on the stock on Monday.
Read moreBofA Merrill Lynch starts Babcock at 'buy'
11th Sep 2023 11:32
(Sharecast News) - Bank of America Merrill Lynch initiated coverage on Babcock on Monday with a 'buy' rating and 585p price target, implying more than 50% potential return.
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