Meggitt chairman Rudd to stay on during crisis
25th Mar 2020 09:19
(Sharecast News) - Meggitt has put its search for a new chairman on hold and is keeping incumbent Nigel Rudd in place during the coronavirus crisis.
Read moreAirbus pulls dividend, secures fresh credit to shore up cash reserves
23rd Mar 2020 12:00
(Sharecast News) - Airbus has pulled its dividend and secured a €15bn credit facility as it looks to bolster cash reserves during the coronavirus crisis.
Read moreFTSE 100 movers: Travel stocks up, Meggitt and Polymetal follow
20th Mar 2020 16:20
(Sharecast News) - Stocks were higher again at the end of the week, with some investors apparently eyeing a possible opportunity to wade into the market, although many also remained wary.
Read moreFTSE 100 movers: Travel & Leisure stocks find a bid, but Meggitt still unloved
19th Mar 2020 17:29
(Sharecast News) - Travel-related issues paced gains on the top-flight index as central banks on both sides of the Atlantic, including the Bank of England, US Federal Reserve, and European Central Bank carried out simultaneous emergency actions to help smooth over the dislocations in financial markets.
Read moreThursday broker round-up
19th Mar 2020 11:33
(Sharecast News) - Barratt Developments: Jefferies upgrades to buy with a target price of 729p.
Read moreMeggitt assures on finances as it leads ventilator consortium
19th Mar 2020 07:35
(Sharecast News) - Aerospace and defence engineering company Meggitt updated the market on its trading, and its financing and liquidity position on Thursday, reporting that in light of the Covid-19 coronavirus pandemic and its impact on the global economy and the aerospace sector, its focus in recent weeks had been on ensuring the safety of its employees and the continuity of our operating businesses worldwide.
Read moreCredit Suisse says not all Aerospace and Defence firm dividends at risk
18th Mar 2020 14:43
(Sharecast News) - Those aerospace firms with higher exposure to Defence and enjoying a "strong" cash position were at a lower risk of having to "review" their policies on dividend payouts, Credit Suisse said.
Read moreFTSE 100 movers: Grocers pace gains, Meggitt hit by air travel woes
18th Mar 2020 14:38
(Sharecast News) - Grocers topped gains on the top-flight index amid indications of very strong demand in its stores as Britons made preparations for the coming lockdown.
Read moreBerenberg downgrades Meggitt on 'constrained' valuation
10th Mar 2020 09:57
(Sharecast News) - Berenberg downgraded its stance on Meggitt to 'hold' from 'buy' on Tuesday and slashed the price target to 490p from 695p, arguing that the valuation is constrained.
Read moreMeggitt secures multi-million dollar contract extension with GE Aviation
9th Mar 2020 08:47
(Sharecast News) - Engineer Meggitt said on Monday that it has secured a multi-million dollar, five-year contract extension with GE Aviation.
Read moreMeggitt signs $73m, five-year contract with Bell Textron
28th Feb 2020 07:28
(Sharecast News) - Aerospace components and subsystems provider Meggitt has signed a contract with Bell Textron for an estimated value of $73m, it announced on Friday, to supply composite deicing propeller rotor blankets, heated spinners, fairings and pendulums to the Bell Boeing V-22 Osprey helicopter.
Read moreWednesday broker round-up
26th Feb 2020 12:48
(Sharecast News) - Associated British Foods: Berenberg downgrades to hold with a target price of 2,700p.
Read moreMeggitt says coronavirus, 737 Max suspension to slow growth
25th Feb 2020 07:07
(Sharecast News) - Meggitt said the suspension of Boeing's 737 Max aircraft and the impact of coronavirus would slow revenue growth in 2020 as the aerospace-focused engineer reported an 11% increase in 2019 profit.
Read moreThursday broker round-up
20th Feb 2020 13:40
(Sharecast News) - Travis Perkins: Citigroup upgrades to buy with a target price of 1,900p.
Read moreCredit Suisse lowers target price on Meggitt over 737 MAX concerns
20th Feb 2020 12:27
(Sharecast News) - Analysts at Credit Suisse lowered their target price on components and sub-systems manufacturer Meggitt from 550.0p to 520.0p on Thursday, citing concerns regarding Boeing's 737 MAX aircraft.
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