Berenberg 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.
Read moreBabcock YTD trading in line with FY expectations
26th Sep 2022 07:09
(Sharecast News) - Engineering services Babcock International said on Monday that trading in the first five months of the year was in line with internal expectations.
Read moreSector movers: Homebuilders, Aerospace and Defence pace bounce
21st Sep 2022 19:07
(Sharecast News) - Household Goods and Home Construction led a bounce in the UK stock market, even as investors waited on an interest rate decision from the US Federal Reserve after Wednesday's close and another from the Bank of England the next day, together with news of a partial mobilisation of Russia's armed forces.
Read moreBabcock returns to profit in H1
28th Jul 2022 10:33
(Sharecast News) - Aerospace, defence, and nuclear engineering services firm Babcock said it had returned to a first-half operating profit despite "geopolitical volatility" and a "challenging" economic environment.
Read moreBabcock to dispose of aerial emergency services units
19th Jul 2022 07:17
(Sharecast News) - Aerospace, defence, and security giant Babcock has agreed to sell certain aerial emergency services businesses to funds managed by mid-market infrastructure investor Ancala Partners for €136.2m.
Read moreBabcock in talks over sale of aviation emergency arm - report
29th Mar 2022 11:25
(Sharecast News) - Government contractor Babcock International is reportedly in talks to offload the bulk of its emergency aviation services division, which includes Britain's Air Ambulance fleet.
Read moreJPMorgan upgrades Qinetiq as it looks at European defence sector
28th Feb 2022 10:28
(Sharecast News) - JPMorgan Cazenove upgraded Qinetiq on Monday as it said Russia's invasion of Ukraine has "fundamentally changed" the landscape for the European defence sector.
Read moreBabcock trades in line YTD, warns of 'significantly negative' FCF
25th Feb 2022 07:08
(Sharecast News) - Aerospace and defence firm Babcock International said on Friday that trading across the first ten months of the year had been in line with expectations, with its full-year results still set to be fourth quarter weighted.
Read moreBabcock agrees to buy out Australian joint venture partner
15th Feb 2022 07:22
(Sharecast News) - Engineering services firm Babcock has entered into a sales and purchase agreement to acquire the remaining 50% interest in its Australian Naval Ship Management joint venture for AUD $60.0m (£32.0m).
Read moreAccounting watchdog widens probe into Babcock audits
17th Jan 2022 11:17
(Sharecast News) - The Financial Reporting Council has expanded its probe into the audits carried out by PricewaterhouseCoopers of Babcock International Group.
Read moreBabcock H1 profits up but warns on Omicron, inflation, supply chain pressure
7th Dec 2021 07:04
(Sharecast News) - UK defence engineering firm Babcock reported a rise in underlying interim profit, but expressed caution over the Omicron coronavirus variant and ongoing inflation and supply chain constraints.
Read moreCMA gives CHC 5 working days to address concerns over Babcock acquisition
18th Nov 2021 13:47
(Sharecast News) - The UK's Competition and Markets Authority has given the buyer of Babcock's international offshore oil and gas aviation business five days to address competition concerns.
Read moreBaclays downgrades Babcock despite reduction in financial leverage
10th Nov 2021 15:05
(Sharecast News) - Analysts at Barclays downgraded their recommendation for shares of Babcock from 'overweight' to 'equalweight' due to the earnings dilution resulting from its recent disposals.
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