Cobham surges despite mixed contribution from Aeroflex acquisition
6th Aug 2015 08:17
(ShareCast News) - Shares in Cobham surged over 7% early on Thursday, after the defence manufacturer said the acquisition of Aeroflex drove its interim revenue and underlying pre-tax profit higher. In the six months to the end of June, the group reported a 26% year-on-year increase in revenue to £1.
Read moreLondon midday: Homebuilders knocked lower by remarks from Carney
14th Jul 2015 13:09
(ShareCast News) - Bank of England Governor Mark Carney told the Treasury Select Committee Bank Rate may be headed higher a little bit sooner than markets anticipated, sending stocks - especially homebuilders - listed on the second tier index promptly lower. As of 12:13 the top flight index was off
Read moreMeggitt jumps higher on Cobham merger report
14th Jul 2015 09:00
(ShareCast News) - Shares in defence and aerospace engineer Meggitt rose on Tuesday following a report in the Financial Times that a merger with Cobham might be on the cards. Atif Latif, director of trading at Guardian Stockbrokers, said he sees the rationale of a tie-up between the two as a defence
Read moreGoldman Sachs expects rethink on bank levy in UK Budget
7th Jul 2015 12:43
Ahead of Chancellor George Osborne's Budget on Wednesday, here's a round-up of what Goldman Sachs expects. For UK banks, attention will be focused on any potential reform of the bank levy, as Osborne did not discuss it in his Mansion House speech in June, despite prior speculation. Goldman does not
Read moreCobham sells two US businesses for $80m
24th Apr 2015 10:32
Aerospace technology group Cobham has reached an agreement to sell its Weinschel and Inmet businesses for US$80m (£52.8m) in cash to US group API Technologies. The FTSE 250 group had acquired the two US-based companies, which develop and manufacture radio frequency and microwave components and subsy
Read moreCobham says full-year results will be in line with expectations despite currency headwinds
23rd Apr 2015 14:40
Aerospace and defence manufacture Cobham said it expects its full-year results to be in line with forecasts despite the adverse impact on earnings from foreign currency translation during the first quarter of the year. The group added that it made progress towards resolving issues in its aerial refu
Read moreFTSE 250 movers: Afren lower on defaulted interest payment, Betfair surges on upgraded guidance
5th Mar 2015 14:10
African oil company Afren plunged as it defaulted on an interest payment while it negotiates a restructuring with lenders that could dilute the interests of shareholders. Aerospace and defence manufacturer Cobham was damaged by a big fall in pre-tax profit for 2014, despite higher revenue. The compa
Read moreCobham full-year profits fall 80% but revenue growth for 2015 remains strong
5th Mar 2015 08:32
Aerospace and defence manufacturer Cobham saw its full-year profits fall sharply but said it remains on track to deliver "mid-single digit organic revenue growth" from 2015. Despite a 3.5% increase in revenues to £1.85bn, profits before tax fell 81% to £24.3m, driving earnings per share down to 2.6p
Read morePanmure Gordon picks out "most vulnerable" UK dividends
18th Feb 2015 13:27
Panmure Gordon has warned of "storm clouds on the horizon" for income investors as corporate payouts reach "unsustainable" levels and has picked out several FTSE 350 companies where dividends appear particularly vulnerable. Although the UK economy has begun 2015 in rude health, the broker pointed ou
Read moreCobham warns of one-off profit hit from air-to-air development programmes
11th Feb 2015 08:15
Defence technology group Cobham has warned that it will recognise a one-off pre-tax provision of £15m in its 2014 results due to issues at its air-to-air refuelling development programmes. The FTSE 250 company also blamed contract delays on these issues. It said on Wednesday: "These issues have als
Read moreLondon pre-open: Stocks to fall further ahead of data-heavy session
6th Jan 2015 07:43
UK stocks were expected to open slightly lower on Tuesday ahead of a busy day for economic data, extending losses after dropping sharply to a three-week low. City sources predict the FTSE 100 will open 12 points lower than Monday's close of 6,417.16. The index suffered a 2% sell-off the previous se
Read moreSenior appoints new CEO, poached from Cobham
6th Jan 2015 07:27
Defence, aerospace and energy manufacturing firm Senior has poached Cobham's chief operating officer (COO) as its new chief executive officer (CEO), replacing Mark Rollins who is due to step down after 17 years with the group. Cobham COO David Squires will join the board on 1 May and will take over
Read moreFriday broker round-up UPDATE
7th Nov 2014 09:44
AstraZeneca: Deutsche Bank increases target price from 4100p to 4350p and reiterates its hold recommendation. AVEVA: Societe Generale reduces target price from 2250p to 2000p, while keeping its buy recommendation. Big Yellow Group: Citi raises target price from 470p to 540p and maintains its neutra
Read moreCobham says US defence spending decline is easing
6th Nov 2014 09:09
Aerospace engineer Cobham predicted lower revenue this year but said it was trading in line with hopes and stuck to forecasts for higher revenue in 2015. Cobham, which makes avionics and other technology for the civil aerospace and defence industries, said it continued to expect organic revenue to f
Read moreCobham wins £350m search-and-rescue contract in Australia
24th Oct 2014 07:41
Defence and security technology group Cobham has bagged a contract worth AUD$640m (£350m) with the Australian Maritime Safety Authority (AMSA) to provide airborne search-and-rescue services across the country. The contract, secured through open industry competition, is due to start in 2016 and will
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