Wednesday broker round-up UPDATE
26th Mar 2014 08:51
Aberdeen Asset Management: Citi reduces target price from 455p to 390p and stays with its neutral rating. Acta: Cantor Fitzgerald places both its target price (prev.: 16p) and its buy recommendation under review. Alliance Pharma: Numis shifts target price from 38p to 39p upgrading to add. APR Ene
Read moreThursday broker round-up UPDATE
20th Mar 2014 09:19
Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target
Read moreMonday broker round-up UPDATE
10th Mar 2014 08:43
African British Foods: UBS raises target price from 2890p to 3300p and keeps a buy recommendation. BBA Aviation: Citi ups target price from 335p to 385p and reiterates a buy recommendation. Capita Group: Liberum Capital increases target price from 880p to 1100p upgrading to hold. Centrica: Credit
Read moreCobham's annual pre-tax profit falls on tight US defence spending
6th Mar 2014 10:18
- Pre-tax profit plunges on tight US defence spending - Revenue boosted by acquisitions - Dividend lifted 10 per cent UK defence supplier Cobham posted a 38 per cent fall in pre-tax profit to 127m pounds against a challenging US defence spending market. Group revenue, however, increased 2% to £1.7
Read moreAircraft makers look to keep pace with demand
26th Feb 2014 17:37
With air travel showing every sign of being able maintain continuing good growth over 2014, it is not surprising that aircraft makers are experiencing greater demand as the confidence amongst carriers, not to mention their orders, feed through to them. Only last month ADS, the trade association fo
Read moreN+1Singer highlights tough defence outlook after GKN warning
25th Feb 2014 11:04
A trader at N+1Singer highlighted more bad news in defence after engineer GKN said demand for military aerospace kit was likely to keep falling. GKN said military spending remained under pressure, largely driven by cutbacks throughout the USA and Europe, with the ramp-up of new programmes being del
Read moreCobham alerts US DoJ on potential sales irregularities at TracStar unit
25th Feb 2014 07:57
Defence supplier Cobham revealed it has "voluntarily" contacted the US Department of Justice to inform it that the group has undertaken an internal investigation into potentially irregular sales practices concerning sales to Asia of certain products manufactured by its TracStar Systems business. O
Read moreFriday tips round-up: BAE Systems, Cobham, Rolls Royce, Ultra
21st Feb 2014 08:17
Markets hate uncertainty and BAE Systems still has quite a bit of it. Indeed, the picture regarding the outlook for defence spending Stateside is now much clearer, crisp and clean even - but also quite sombre. Back in the UK, things are just about as clear, and sombre too. This is a company whose re
Read moreSector movers: Gloomy guidance from BAE hits aerospace/defence stocks
20th Feb 2014 15:13
Gloomy guidance from heavyweight blue chip BAE Systems dragged the aerospace and defence sector into the red on Thursday. The share price of military hardware manufacturer BAE Systems dropped sharply today after it warned that profits in 2014 could fall by up to 10% on the back of pressures on US g
Read moreSector movers: Rolls-Royce profit warning hits defence stocks
13th Feb 2014 16:27
Aerospace and defence stocks were hammered on Thursday by a profit warning from sector heavyweight Rolls-Royce, after the company said that cuts in government defence spending would keep a lid on profits this year. The world's second-largest maker of aircraft engines revealed an estimated 15-20% dr
Read moreBroker snap: UBS ups defence targets after US budget deal
13th Jan 2014 09:58
UBS has lifted its target prices for European aerospace and defence stocks, saying that the budget deal in the States reduces the uncertainty hanging over the sector. After being passed by Congress in mid-December, President Barack Obama signed a two-year budget deal at the start of the year that e
Read moreMonday broker round-up UPDATE
13th Jan 2014 09:04
Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin
Read moreLondon close: Stocks erase gains as investors weigh US budget, Fed policy
11th Dec 2013 17:01
- Taper speculation picks up after budget deal - Imagination Technologies drops sharply on H2 guidance - RBS, Lloyds lead banks lower - Defence stocks rise on US budget techMARK 2,674.83 +0.08% FTSE 100 6,507.72 -0.24% FTSE 250 15,396.12 -0.10% After a choppy session, UK markets sank into the red
Read moreFTSE 250 movers: Imagination Tech plummets on cautious outlook
11th Dec 2013 16:17
The share price of chip group Imagination Technologies sank sharply on Wednesday after the firm said that shipment growth from its partners for the second half would be at a "slightly lower rate than previously seen", due to slowing growth in the higher-end smartphone market. Oxford Instruments was
Read moreSector movers: Defence stocks gain after US budget
11th Dec 2013 15:45
Aerospace and defence stocks were on the rise on Wednesday after a budget deal in Washington removed some uncertainty in the sector, which is heavily dependent on state funding in the States. Chief Congressional negotiators Senator Patty Murray and Representative Paul Ryan last night worked out a d
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