Private equity takeover of Ultra Electronics set to be approved
24th Jun 2022 07:04
(Sharecast News) - The £2.6bn takeover of British defence manufacturer Ultra Electronics by a US private equity firm looks set to be waved on by the UK government after the Department for Business said it was minded to accept the deal.
Read moreDirector dealings: Insig AI chair invests, Ultra Electronics CEO covers tax bill
26th Apr 2022 16:15
(Sharecast News) - Insig AI was at the top of the list of buys on Tuesday, after its chairman spent almost £80k on its shares.
Read moreUltra Electronics underlying FY up as co awaits decision on Advent offer
23rd Mar 2022 07:15
(Sharecast News) - UK defence company Ultra Electronics reported a rise in annual profits as it awaits a UK government decision on whether US buyout specialist Advent can take over the firm.
Read moreUltra Electronics secures major contract with Indian Navy
12th Jan 2022 07:39
(Sharecast News) - Application-engineered solutions provider Ultra Electronics has been awarded a major contract with the Indian Navy, in partnership with Mahindra Defence Systems.
Read moreSunday newspaper round-up: Ukraine, Ultra Electronics, British Airways
9th Jan 2022 11:46
(Sharecast News) - Top diplomats from the US and Russia are set to meet in Geneva on Sunday and Monday to discuss Moscow's demands set out in December in two draft treaties, one with the US and another with NATO. Many of their stipulations are unacceptable to Washington and the alliance, particularly the pledged that Ukraine will never join the latter. Few diplomatic observers anticipate a quick deal that would resolve the crisis this week and a complete breakdown of talks is possible. The talks are scheduled to begin on Monday but a less formal meeting between the two delegations was expected to take place on Sunday evening. - Guardian
Read moreUltra Electronics wins £65m UK defence contract
4th Nov 2021 08:12
(Sharecast News) - Ultra Electronics said it had won a £65m communications contract with the UK's Ministry of Defence.
Read moreBroker tips: LondonMetric, Ultra Electronics, JTC
24th Sep 2021 15:58
(Sharecast News) - Citi upgraded LondonMetric to 'buy' from 'neutral' on Friday, saying it remains confident of structural tailwinds for logistics, estimating a doubling of space requirements over around 10 years.
Read moreCMA confirms it will investigate Cobham takeover of Ultra Electronics
19th Aug 2021 13:18
(Sharecast News) - The Competition and Markets Authority confirmed on Thursday that it will investigate the proposed takeover of defence company Ultra Electronics by Cobham.
Read moreUK govt orders probe into £2.6bn Ultra Electronics takeover
19th Aug 2021 07:39
(Sharecast News) - UK Business Secretary Kwasi Kwarteng on Thursday ordered an inquiry into the proposed takeover of Ultra Electronics by Cobham Group.
Read moreCobham to buy Ultra Electronics for £2.57bn
16th Aug 2021 07:04
(Sharecast News) - Defence group Cobham on Monday said its £2.57bn offer for UK-based rival Ultra Electronics had been agreed.
Read moreBerenberg expects Ultra Electronics takeover to proceed, hikes target price
26th Jul 2021 16:17
(Sharecast News) - Analysts at Berenberg hiked their target price for shares of Ultra Electronics sharply, from 2,730.0p to 3,500.0p and labelled the takeover proposal tabled by Cobham "attractive".
Read moreMonday broker round-up
26th Jul 2021 13:31
(Sharecast News) - Ultra Electronics: Berenberg keeps at 'buy' but hikes target price from 2,730.0p to 3,500.0p.
Read moreUltra Electronics 'minded' to recommend £2.58bn Cobham offer
23rd Jul 2021 07:27
(Sharecast News) - UK defence company Ultra Electronics on Friday said it was minded to recommend a £2.58bn takeover bid from Cobham to shareholders.
Read moreWednesday broker round-up
21st Jul 2021 11:56
(Sharecast News) - Morgan Advanced Materials: Liberum starts at 'buy' with 470.0p target price.
Read moreMonday broker round-up
19th Jul 2021 13:40
(Sharecast News) - BP: Morgan Stanley stays at 'underweight' and revises target price from 285.0p to 305.0p.
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