Meggitt issues $300m in private placement debt
23rd Nov 2020 09:04
(Sharecast News) - Aerospace, defence and energy technology company Meggitt announced the successful issuance of new private placement debt on Monday.
Read moreCiti downgrades Meggitt, says further upside limited
12th Nov 2020 09:26
(Sharecast News) - Citi downgraded aerospace engineer Meggitt to 'neutral' from 'buy' on Thursday after the share priced surged this week on the back of positive news about a Covid-19 vaccine being developed by Pfizer and BioNTech.
Read moreFTSE 250 movers: Energy and Financials wanted, Meggitt downgraded
11th Nov 2020 15:37
(Sharecast News) - Energy and Financials paced gains on the second-tier index on Wednesday as investors continued to shift towards cyclicals after Pfizer and BioNTech announced two days before a greater than 90% efficacy for the Covid-19 vaccine.
Read moreSocGen cuts Meggitt to 'sell' after shares leap on vaccine hopes
11th Nov 2020 11:49
(Sharecast News) - Societe Generale downgraded Meggitt to 'sell' after the company's shares jumped following the news that an effective Covid-19 vaccine was in the pipeline.
Read moreMeggitt sees FY profit of £180m - £200m despite weaker aero demand
10th Nov 2020 08:03
(Sharecast News) - Aerospace engineering company Meggitt said it expected to report underlying profit of £180m - £200m despite a weaker civil airline sector due to Covid-19 travel restrictions.
Read moreBoeing to reduce workforce by 20% in the face of Covid-19
28th Oct 2020 12:51
(Sharecast News) - Aerospace giant Boeing laid out plans to streamline the manufacturer in the face of the brutal headwinds from the Covid-19 pandemic that were buffeting the entire sector.
Read moreFriday broker round-up
25th Sep 2020 13:54
(Sharecast News) - Pets At Home: Berenberg reiterates buy with a target price of 450.0p.
Read moreWednesday broker round-up
9th Sep 2020 13:11
(Sharecast News) - Ocado Group: Berenberg reiterates buy with a target price of 2,420.0p.
Read moreMeggitt scraps divi as Covid airline shutdown hits aerospace unit
8th Sep 2020 07:57
(Sharecast News) - UK aerospace engineer Meggitt said on Tuesday scrapped its interim dividend to save cash in the teeth of the coronavirus crisis, as it slumped to a heavy half-year loss.
Read moreMeggitt signs multi-million pound contract with MODEC
24th Aug 2020 07:36
(Sharecast News) - Aerospace and defence engineer Meggitt has signed a multi-million pound contract with Japan's MODEC - a specialist of floating production systems for the offshore oil and gas industry - for the supply of pioneering printed circuit heat exchanges.
Read moreMeggitt says it's exploring options after equity raising speculation
6th Aug 2020 08:19
(Sharecast News) - Defence engineering firm Meggitt insisted on Thursday that its financial position is "strong" as it said it was considering its options following a press report that it is looking at an equity offering to counter the economic fallout from the coronavirus pandemic.
Read moreMeggitt wins $20m US fuel bladder supply contract
30th Jul 2020 08:50
(Sharecast News) - Defence supplier Meggitt said it signed a $20m three year continuation contract with Northrop Grumman for fuel bladders on the F/A-18 Super Hornet aircraft.
Read moreFriday broker round-up
3rd Jul 2020 13:15
(Sharecast News) - Next: Goldman Sachs downgrades to sell with a target price of 4,400.0p.
Read moreMeggitt profits impacted by Covid-19 travel restrictions
2nd Jul 2020 08:34
(Sharecast News) - Engineering company Meggitt warned on Thursday that first-half profits were set to fall due to impacts stemming from coronavirus-related travel restrictions.
Read moreMeggitt sells US subsidiary for $146m
1st Jul 2020 08:06
(Sharecast News) - Meggitt has sold its US subsidiary, Meggitt Training Systems, to US private investment firm Pine Island Capital Partners for $146m in cash.
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