Thursday broker round-up UPDATE
19th Jun 2014 08:56
BAE Systems: Westhouse Securities initiates with a target price of 360p and a sell recommendation. Berkeley Group: Deutsche Bank increases target price from 2587p to 2877p retaining a hold recommendation. Jefferies raises target price from 2477p to 2543p and keeps a hold recommendation. BG Group:
Read moreBerenberg sees upbeat aerospace outlook, but Iraq unrest may weigh
17th Jun 2014 14:13
Defence firms are cashing in on more US budget certainty and civil aerospace prospects remain good, but Iraq unrest could throw the cat among the pigeons, broker Berenberg says. Civil aerospace and defence stock valuations have converged in the last year as defence headwinds have moderated and prof
Read moreTuesday broker round-up UPDATE
17th Jun 2014 09:45
Aquarius Platinum: UBS cuts target price from 41p to 24p and keeps a neutral rating. BAE Systems: Berenberg initiates with a target price of 455p and a hold recommendation. British Land: Deutsche Bank ups target price from 520p to 580p, but still recommends selling. Capital & Counties: Deutsche B
Read moreWednesday broker round-up UPDATE
11th Jun 2014 09:05
ASOS: Berenberg reduces target price from 5350p to 3785p, while its buy recommendation is kept. Babcock International: Citi reduces target price from 1320p to 1280p and retains a neutral rating. Cobham: UBS raises target price from 290p to 315p and keeps a neutral rating. Dechra Pharmaceuticals:
Read moreTuesday broker round-up UPDATE
10th Jun 2014 09:45
ASOS: Goldman Sachs reduces target price from 6250p to 5750p, while upgrading to strong buy. Avon Rubber: Investec lowers target price from 690p to 680p and downgrades from buy to add. BAE Systems: Investec downgrades from add to hold with a target price of 430p. BG Group: Exane downgrades to neu
Read moreFriday broker round-up UPDATE
30th May 2014 09:14
ASOS: N+1 Singer reduces target price from 5300p to 4100p, while staying with its hold recommendation. Cairn Energy: JP Morgan cuts target price from 315p to 279p and maintains an overweight rating. Cobham: Canaccord Genuity increases target price from 285p to 320p and reiterates a hold recommenda
Read moreFriday broker round-up UPDATE
23rd May 2014 09:53
Admiral Group: JP Morgan raises target price from 1022p to 1164p, while staying with its underweight rating. Antofagasta: Investec cuts target price from 715p to 690p and leaves its sell recommendation unchanged. Assura Group: Liberum Capital shifts target price from 44p to 47p and stays with its
Read moreWednesday newspaper round-up: Bank of England, Lloyds, AstraZeneca
21st May 2014 06:38
Raising interest rates might be the only effective tool the Bank of England has to cool the housing market, its deputy governor has conceded. Charlie Bean, who retires at the end of June, said that while it was sensible for the Bank to use macro-prudential tools to control rapid price rises and mana
Read moreCobham to acquire commercial connectivity rival Aeroflex
20th May 2014 07:51
Aerospace and defence technology group Cobham has agreed to acquire commercially focused US wireless outfit Aeroflex for around 1.5bn dollars in cash. The FTSE 250 company, which said it had the agreement of shareholders representing 76.3% of the stock, was confident that if the deal was completed
Read moreLondon midday: Stocks rise but markets cautious ahead of Fed decision
30th Apr 2014 11:53
- Markets cautious ahead of FOMC outcome - Eurozone inflation picks up but misses consensus - Heritage Oil jumps on takeover offer - Shell and Tullow lead markets higher techMARK 2,775.59 -0.56% FTSE 100 6,776.83 +0.10% FTSE 250 15,813.39 -0.52% UK stocks were trading slightly higher on Wednesday
Read moreCobham has 2015 return to growth in its sights
24th Apr 2014 15:36
- Q1 in line with expectations - FY 2014 revenue to decline by mid-single-digits - FY 2015 return to growth expected Defence and aerospace group Cobham said it expected revenues to decline in the current year but return to growth in 2015. The FTSE 250 group said trading in the first three months
Read moreFTSE 250 movers: Centamin rises on law change hopes
24th Apr 2014 15:30
Centamin rose strongly on the back of hopes a change in the law could resolve the Egyptian mining row. After a claim was made against the company's licence for the Sukari mine, in 2012 a court ruled the company did not have the right to mine with the licence, a decision since appealed by the group
Read moreCobham appoints new non-executive director
24th Apr 2014 10:15
Aerospace communications group Cobham has appointed Birgit Norgaard as a non-executive director. Norgaard will join the board at the conclusion of the annual general meeting and will also become a member of the remuneration committee. She currently holds a number of non-executive roles and is non-e
Read moreCobham group expects return to revenue growth from 2015
24th Apr 2014 08:03
Cobham shares moved higher on Thursday as the group it predicted a return to mid-single digit organic revenue growth from next year. The group also assured investors it was taking action to offset the impact of the translation of foreign currency headwinds on the group's revenue and earnings. The
Read moreCobham offloads last remaining non-core business
17th Apr 2014 08:11
Cobham, the British manufacturing company, has completed the divestment of its last remaining non-core businesses. The group, which is mainly focused on the defence and aerospace sectors, said that the disposal related to a small division which manufactures a range of displays and navigation and sa
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