Thursday broker round-up UPDATE
2nd Oct 2014 10:11
BAE Systems: Investec downgrades from hold to sell with a target price of 430p. British Sky Broadcasting: Credit Suisse ups target price from 600p to 630p and reiterates an underperform rating. Cobham: Investec lowers target price from 290p to 280p and stays with its reduce rating. Consort Medical
Read moreWednesday broker round-up UPDATE
24th Sep 2014 09:15
Aggreko: Morgan Stanley ups target price from 1350p to 1375p, while leaving its underweight rating unaltered. Alliance Pharma: Canaccord Genuity lowers target price from 35p to 33p reiterating its hold recommendation. Close Brothers Group: UBS moves target price from 1420p to 1430p and keeps a neut
Read moreLondon pre-open: UK stocks expected to fall early on
15th Sep 2014 07:46
With the Scottish vote, violence from ISIS amd weak Chinese data all taking centre stage, the FTSE was expected to slide into the red at Monday's opening bell. City sources predict the FTSE 100 will open around 24 points lower than Friday's close of 6,806.96. "Global markets are facing up to a some
Read moreCobham completes acquisition of Aeroflex
15th Sep 2014 07:08
Defence and security services provider Cobham has completed its acquisition of radio frequency provider Aeroflex, which was first announced back in May, in a deal worth $1,460m, or $10.50 a share. The acquisition is expected to be accretive to underlying earnings in 2015 and to have a broadly neutra
Read moreCobham Aviation Services awarded contract extension by Chevron Australia
4th Sep 2014 08:47
Cobham's aviation services business has landed a contract extension with Chevron Australia to continue providing flights between Perth and Barrow Island in support of Chevron's operations and projects in Western Australia. The contract includes an initial order of around £33m and has an estimated
Read moreTuesday broker round-up UPDATE
12th Aug 2014 09:25
African Barrick Gold: Investec ups target price from 212p to 260p upgrading from sell to hold. Al Noor Hospotals: Jefferies cuts target price from 1155p to 1125p and maintains a buy recommendation. Aquarius Platinum: Citi shifts target price from 22p to 26p and keeps a neutral rating. BHP Billito
Read moreFriday broker round-up UPDATE
8th Aug 2014 10:19
African Minerals: Canaccord Genuity cuts target price from 170p to 150p, while keeping its buy recommendation. AMEC: Credit Suisse reduces target price from 1250p to 1150p retaining a neutral rating. Nomura reduces target price from 1450p to 1250p staying with its buy recommendation. UBS cuts targe
Read moreFriday tips round-up: Cobham, Rio Tinto
8th Aug 2014 09:27
Cobham's first-half results were "landmark" as revenues from its commercial activities surpassed those from the defence sector for the first time ever, as the firm progresses on its transformation into a true technology outfit. Indeed, two thirds of the company's sales now come from 'connectivity' -
Read moreFTSE 250 movers: Drax sinks on court decision, Henderson drops
7th Aug 2014 15:31
Shares in energy group Drax sank over 8% on Thursday after a UK court said one of its power-generating units wasn't eligible for a government incentive. Drax said the ruling meant the second unit conversion at its power station is "no longer eligible for an investment contract" that pays guaranteed
Read moreCobham continues to feel pinch of US military spending cuts in H1
7th Aug 2014 10:23
UK-based defence company Cobham reported a fall in first-half revenue as orders declined following cutbacks in military spending in the US. Revenue dropped 3% to £834m in the six months to 30 June, reflecting a 25% plunge in order intake. Pre-tax profit dipped 14% to £118m. Growth in commercial ma
Read moreThursday broker round-up UPDATE
7th Aug 2014 09:42
Afren: Oriel cuts target price from 145p to 125p, while upgrading from hold to buy. Canaccord Genuity moves from hold to a speculative buy with a target price of 120p. Aggreko: Morgan Stanley raises target price from 1300p to 1350p, while leaving its underweight rating unaltered. Clinigen: N+1 Sin
Read moreWednesday broker round-up UPDATE
23rd Jul 2014 09:01
Abcam: Canaccord Genuity ups target price from 375p to 400p and upgrades from hold to buy. ARM Holdings: Deutsche Bank cuts target price from 975p to 950p and maintains a hold recommendation. Credit Suisse lowers target price from 1125p to 1100p and leaves its outperform rating unaltered. Beazley:
Read moreSector movers: M&A, Farnborough lift aerospace and defence stocks
16th Jul 2014 14:47
M&A speculation and contract wins from the Farnborough Air Show were helping stocks in the aerospace and defence sector post solid gains on Wednesday. Aircraft components manufacturer and engineering group Meggitt was the standout performer in afternoon trade, up nearly 10% at 537p on the back of r
Read moreFARNBOROUGH PREVIEW - Aerospace outlook upbeat as air show starts, say analysts
14th Jul 2014 07:00
Turbulence is hitting aerospace and defence but the sector's prospects are still good, analysts said as industry chiefs gathered for the start of the Farnborough Air Show on Monday. Rising oil prices, airline profit warnings and the cancellation of an Airbus order have concentrated investors' minds
Read moreSector movers: Rolls-Royce cash return lifts aero/defence stocks
19th Jun 2014 14:55
Aerospace and defence stocks were leading the risers on Thursday after engineering giant Rolls-Royce impressed investors with an unexpected £1bn cash return. Shares in Rolls jumped over 7% today after the firm pledged to buy back £1bn of shares if it succeeds in selling its energy gas turbine and c
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