Director dealings: Audioboom chair invests, Babcock CEO covers tax bill
9th Aug 2023 10:35
(Sharecast News) - Podcast producer and distributor Audioboom was among those on the list of director buys on Wednesday, after its chairman bought more than five thousand shares.
Read moreBroker tips: IAG, Babcock
31st Jul 2023 14:45
(Sharecast News) - Bank of America Merrill Lynch lifted its price target on BA and Iberia owner IAG on Monday to 260p from 240p and reiterated its 'buy' rating on the shares after results last week.
Read moreBerenberg ups Babcock target price, says company delivering on turnaround plan
31st Jul 2023 09:36
(Sharecast News) - Analysts at Berenberg revised up their target price British aerospace, defence and nuclear engineering services outfit Babcock.
Read moreShares in Babcock spark despite profits hit
20th Jul 2023 08:04
(Sharecast News) - Babcock International Group reported a jump in annual revenues on Thursday and said it had made "excellent" progress, despite seeing profits slide.
Read moreBabcock wins £50m contract to support Ukraine military
12th Jul 2023 12:18
(Sharecast News) - Babcock said on Wednesday that it has been awarded a £50m contract by the UK Ministry of Defence to support urgent operational requirements for Ukraine's military land assets.
Read moreBroker tips: Dr Martens, Hollywood Bowl, Babcock
30th May 2023 13:33
(Sharecast News) - RBC Capital Markets downgraded shares of iconic bootmaker Dr Martens on Tuesday to 'sector perform' from 'outperform' and slashed the price target to 180p from 230p as it said FY24 guidance may prove too optimistic.
Read moreJefferies reiterates 'buy' rating on Babcock
30th May 2023 12:53
(Sharecast News) - Jefferies reiterated its 'buy' rating on Babcock on Tuesday and lifted the price target to 460p from 450p as it assumed coverage of the shares and took the opportunity "to revisit the case and provide an update on the Type 31 situation".
Read moreBabcock warns on potential £100m hit from UK frigate contract
20th Apr 2023 08:04
(Sharecast News) - UK defence engineer Babcock on Thursday said it may have to take a hit of up to £100m on a Royal Navy frigate contract after inflation pushed build costs higher as it argued with the government over who should pick up the bill.
Read morePwC slapped with £7.5m fine over Babcock audits
8th Mar 2023 08:11
(Sharecast News) - PwC has been hit with a £7.5m fine by the UK's accounting regulator for "serious breaches" on audits of engineer Babcock.
Read moreCiti cuts rating on Babcock to 'neutral'
2nd Mar 2023 11:36
(Sharecast News) - Citi has downgraded Babcock International Group to 'neutral' on concerns about legacy issues.
Read moreBabcock awarded £400m contract to operate MOD's Skynet
15th Feb 2023 09:48
(Sharecast News) - Defence company Babcock International said on Wednesday that it has been awarded a £400m contract to manage and operate Skynet, the UK Ministry of Defence's (MOD) military satellite communications system.
Read moreBabcock profits rise as focus turns to combating inflation
22nd Nov 2022 07:39
(Sharecast News) - UK defence engineer Babcock reported a rise in interim profits and held full-year expectations as it focused on countering rising material costs.
Read moreBerenberg starts Babcock at 'buy', shares surge
8th Nov 2022 08:23
(Sharecast News) - Babcock surged on Tuesday after Berenberg initiated coverage of the stock at 'buy' with a 425p price target, saying it was an "unanchored value proposition".
Read moreBabcock secures 10-year contract with Australian Defence Force
21st Oct 2022 07:55
(Sharecast News) - Babcock International said on Friday that its Australian business has been awarded a AUD877m (circa £492m) multi-year programme to upgrade the Australian Defence Force's Defence High Frequency (HF) Communications System.
Read moreBarclays stays at 'equalweight' on Babcock, sees multiple drivers of underperformance YTD
6th Oct 2022 09:31
(Sharecast News) - Analysts at Barclays reiterated their 'equalweight' recommendation on shares of aerospace, defence and nuclear engineer Babcock, but trimmed their target price to 325.0p on lower free cash flow.
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