Sector movers: Meggitt, Cobham lift defence stocks
23rd Nov 2016 16:00
(ShareCast News) - Price gains for some key steel-making ingredients such as iron ore and thermal coal as well as in Chinese rebar futures kept pushing shares in Evraz and many of the main mining groups higher. Overnight, spot iron ore prices at Tianjin advanced from $69.0 a tonne to $71.5 a tonne,
Read moreMeggitt gains on bid speculation
23rd Nov 2016 12:19
(ShareCast News) - Aerospace and defence group Meggitt got a boost on Wednesday amid speculation it may have received a bid approach. According to the FT Alphaville Blog, Meggitt has been on the receiving end of "a firm offer" recently, with France's Safran said to have tabled an offer at 560p that
Read moreMeggitt´s Sir Nigel Rudd adds to stake
21st Nov 2016 20:49
(ShareCast News) - Meggitt´s non-executive chairman bought 1,450 more shares of the company at an individual price of 454p, taking his stake to 122,000 shares or 0.016% of the firm´s issued share capital. He was followed by his spouse who picked-up another 1,050 shares at an identical price, the com
Read moreSunday newspaper round-up: OBR, Saudi Aramco, Tesco, BAT, bonds vigilantes
20th Nov 2016 15:57
(ShareCast News) - The Office for Budget Responsibility is likely to cut its forecast for UK growth next year by the biggest margin since the peak of the eurozone debt crisis. Philip Hammond's Autumn Statement this week will see the Chancellor set out his multi-billion pound infrastructure plans and
Read moreFTSE 250 movers: Oil services stocks bounce, Kaz knocked off high
15th Nov 2016 16:00
(ShareCast News) - The FTSE 250 index was on the up again on Tuesday, rising almost 0.5% to over 17,550 by mid-afternoon as oil-related stocks inflated on hopes of more oil price gains. Oil service companies Petrofac and Wood Group were among the top risers, with engineer Amec Foster Wheeler a
Read moreMeggitt remains in line with expectations, appoints new COO
15th Nov 2016 07:16
(ShareCast News) - Aerospace, defence and energy component and subsystem company Meggitt issued a scheduled trading update on Tuesday, saying trading since the half year had been in line with expectations. The FTSE 250 firm said third quarter revenue growth of 6% on an organic basis - excluding effe
Read moreMeggitt awarded MoD contracts worth $20m
10th Nov 2016 08:14
(ShareCast News) - Meggitt's Training Systems division has been awarded two contracts from the UK Ministry of Defence worth around $20m in total. The FTSE 250 defence and aerospace company said it will manufacture and deliver 866 BlueFire convertible wireless versions of the UK's SA80 main infantry
Read moreMeggitt wins $48m helicopter contract
26th Oct 2016 07:51
(ShareCast News) - FTSE 250 aerospace engineer Meggitt has been awarded a $48m contract for a health and usage monitoring system (HUMS) from engineering and maintenance organisation Guangzhou Hangxin Avionics, for its helicopters. The programme lifetime contract covers the design, development and de
Read moreSector movers: Construction and aerospace lead advance
4th Oct 2016 15:36
(ShareCast News) - Construction and industrial engineering stocks led the way higher, with shares in aerospace and defence close behind thanks to the favourable tailwind from the pound's depreciation. Activity in the UK construction sector bounced back in September, with Markit's purchasing manag
Read moreMonday broker round-up
5th Sep 2016 15:25
(ShareCast News) - BAE systems: Goldman Sachs reiterates buy with a target price of 671p. Morrison: Jefferies maintains buy with a 210p target. Compass Group: UBS keeps at neutral with a 1485p target. Rio Tinto: Macquarie reiterates outperform with a 2900p target. Cobham: Goldman Sachs keeps at n
Read moreSector movers: Big Oil, Industrial Metals pace gains on heels of G-20
5th Sep 2016 15:21
(ShareCast News) - Big Oil again lent its heft to the market´s advance after Russia and Saudi Arabia unveiled an agreement to collaborate in the energy space. In a statement issued at the Group of 20 meeting in Hangzhou,China the oil producers said they would set up a working group to monitor the ma
Read moreTuesday broker round-up
30th Aug 2016 09:24
(ShareCast News) - Glencore: Jefferies reiterates hold with a target price of 180p. British American Tobacco: UBS maintains buy with a 5300p target. Smiths Group: Barclays reiterates overweight with a 1300p target. South 32: Exane BNP Paribas reiterates outperform with a 130p target. Diageo: Bere
Read moreBroker tips: EasyJet, Rentokil, Meggitt
9th Aug 2016 15:56
(ShareCast News) - EasyJet flew higher on Tuesday after Cantor Fitzgerald upgraded the stock to 'buy' from 'hold' and lifted the price target to 1,300p from 1,200p. The brokerage said EasyJet's low-cost business model is resilient and has generated strong profits and taken significant market share i
Read moreTuesday newspaper share tips: Smith & Nephew, Meggitt
9th Aug 2016 12:46
(ShareCast News) - Smith&Nephew offers investors exposure to good market positions, especially in the emergng markets space, and a way to tap into the company´s successful acquistion track record, The Times´s Tempus says. To take note of, the business is always facing one headwind or another - be it
Read moreTuesday broker round-up
9th Aug 2016 12:42
(ShareCast News) - Aviva: Goldman Sachs reiterates buy with a target price of 480p. Antofagasta: RBC maintains sector perform with a 500p target. Informa: Numis reiterates buy with a 845p target. Astrazeneca: JP Morgan stays at neutral with a 4900p target. Topps Tiles: Berenberg reiterates hold w
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