6th Jun 2014 08:34
- ECB moves still in focus - Markets await jobs report this afternoon - Smith & Nephew pauses after strong run - Centrica lifted by bid speculation techMARK 2,834.66 +0.35% FTSE 100 6,830.78 +0.25% FTSE 250 16,044.41 +0.31% UK markets bounced off a two-and-a-half week low on Friday following anoth
Read more6th Jun 2014 07:39
UK markets were set for a slightly positive start on Friday, with the tone set by another record finish on Wall Street, as investors gear up for the all-important US jobs report later on. City sources expect London's FTSE 100 to open around eight points higher than Thursday's close of 6,813.49, its
Read more6th Jun 2014 07:25
Defence services firm Ultra Electronics has won a three-year contract worth $19m with the US Navy. The work, awarded to Ultra's Ocean Systems business (UEOS) based in Massachusetts, is for the production of the Naval Acoustic Electromechanical Beacon expendable countermeasure. NAE Beacon is a dev
Read more15th May 2014 08:24
It was a triple contract win for Ultra Electronics's 3 Phoenix business (3Pi), all of which are with the US Navy. The scope of the contracts, which have a combined value of more than $21m, includes work packages for torpedo warning systems (TWS), submarine towed anti-submarine warfare arrays and r
Read more14th May 2014 07:10
FTSE 250-listed Ultra Electronics revealed it has received US regulatory approval for the acquisition of Forensic Technology WAI and as such the transaction is now complete. The defence and security group paid 94m Canadian dollars, and will pay up to an additional 6m depending on earnings growth du
Read more6th May 2014 08:14
FTSE 250-listed Ultra Electronics has paid an initial 8.6m dollars for the acquisition of aerospace products manufacturer ICE Corp., funded from its existing facilities. The firm, for which Ultra will pay up to an additional $3m, was acquired from private investors, which includes the original fou
Read more30th Apr 2014 08:26
- Overall trading, full-year expectations unchanged - Expects H2 defence orders and revenue to higher than usual - Confident of progress in year ahead, if currency headwinds remain stable Defence, security, transport and energy electronics company Ultra Electronics said overall conditions in its ma
Read more28th Apr 2014 07:58
Defence, security, transport and energy group Ultra Electronics is to buy Forensic Technology, a company based in Canada which helped policy to combat gun crime. FTSE 250-listed Ultra said it would be paying an initial consideration of CAD$94m (£50.8m) in cash for the Montreal-headquartered firm, w
Read more4th Mar 2014 09:37
Abcam: Numis cuts target price from 560p to 510p downgrading from add to hold. Amlin: Deutsche Bank shifts target price from 484p to 491p and keeps a hold recommendation. Arrow Global: Canaccord Genuity shifts target price from 300p to 309p maintaining a buy recommendation. Numis moves target pric
Read more3rd Mar 2014 07:45
- Full-year IFRS profit and orders slump - Challenging US defence market conditions - Increases dividend payment Defence, security, transport and energy electronics company Ultra Electronics said pre-tax profit, on IFRS basis, slumped nearly 40 per cent as overall uncertainty and delays in the US
Read more21st 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 more20th 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 more20th Feb 2014 08:49
Anglo American: Jefferies increases target price from 1450p to 1700p maintaining a neutral rating. BHP Billiton: Jefferies takes target price from 2300p to 2400p and stays with its buy recommendation. Big Yellow Group: Jefferies raises target price from 540p to 618p and retains a buy recommendatio
Read more20th Feb 2014 08:02
Some opportunities only come along once in a lifetime and Ultra Electronics seems to have been quick to spot one of these. In its biggest acquisition since 2008, the technology firm bought US-based 3 Phoenix Inc. for $70m down and another $17m in earn-outs. That is a very hefty price tag to pay fo
Read more19th Feb 2014 07:18
- FTSE to fall 10 points at opening bell - Focus on BoE and Fed minutes - Jobless claims expected to hold at 7.1 per cent The FTSE is set to open slightly lower today following yesterday's strong finish, a mixed picture in both the US and Asia overnight, and ahead of the release of minutes from the
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