Ultra Electronics reports flat first half revenue and profit
5th Aug 2013 07:36
Ultra Electronics posted broadly flat pre-tax profit and revenue for the first half as procurement process constraints and uncertainty in the US and UK defence markets affected orders. The company, which serves the defence, security, transport and energy markets, reported underlying pre-tax profit
Read moreMonday broker round-up UPDATE
5th Aug 2013 07:06
Anglo American: Citi increases target price from 1400p to 1500p reiterating a neutral rating. Atkins: Jefferies raises target price from 950p to 1075p and retains a hold recommendation. Capita: Berenberg takes target price from 955p to 1060p, while downgrading from buy to hold. Cineworld Group: N
Read moreUltra Electronics plans to double Indonesian naval deal
4th Jul 2013 07:59
Defence and security group Ultra Electronics has won a 32m pounds contract from the Indonesian ministry of defence. The FTSE 250 company has been charged with the mid-life modernisation of one of the Indonesian navy's Fatahillah destroyers. Ultra said the exact start-time of the modernisation prog
Read moreLondon open: Gains extended into fourth day
28th Jun 2013 08:38
The FTSE 100 looked set to deliver its fourth consecutive day of gains on Friday, as it begins the final day of trading in the second quarter in a positive fashion. Since hitting a five-month low of 6,029 on Monday, the benchmark index has rebounded strongly over the past few sessions, gaining nea
Read moreLondon pre-open: FTSE 100 expected to consolidate recent gains
28th Jun 2013 07:32
The FTSE 100 is expected to open flat to slightly higher on Friday morning as markets head into the final trading day of the second quarter. City sources predict the FTSE 100 will open up around six points from yesterday's close of 6,243. The index has delivered solid gains over the past three con
Read moreUltra Electronics wins contract extension with Ministry of Defence
28th Jun 2013 07:07
Ultra Electronics has been awarded a 14m pound contract extension with the UK's Ministry of Defence (MoD) for its End Cryptographic Unit Replacement Programme (ECURP). The group's Communication and Integrated Systems business is providing MoD with high grade cryptographic capability. Cryptographic
Read moreLondon pre-open: Strong rebound expected early on
25th Jun 2013 07:44
Markets are expected to open with solid gains on Tuesday morning, rebounding after having closed at levels not seen since early January the day before. Renewed concerns over a slowdown in China and ongoing fears about a scaling back of stimulus in the States prompted another steep sell-off across g
Read moreUltra Electronics wins UK nuclear-power contract with EDF Energy
25th Jun 2013 07:33
Defence, security, transport and energy electronics company Ultra Electronics is to help EDF Energy with the construction and support of nuclear-reactor instrumentation at sites across the UK. The £16.1m contract is the first to benefit from Ultra's recent investment in a state-of-the-art nuclear-i
Read moreLondon midday: Markets rangebound with focus on central banks
6th Jun 2013 11:39
Markets were rangebound on Thursday morning as traders awaited announcements from the Bank of England (BoE) and European Central Bank (ECB) on monetary policy. There were just 16 points separating the index's intraday low (6,416) and high (6,432), as markets paused for breath following a heavy sell
Read moreUltra Electronics bolts on earnings-enhancing acquisition
6th Jun 2013 07:14
Defence and security group Ultra Electronics has acquired specialist computing expert Varisys for up to 18m pounds cash. Paying £16m cash up front from its existing bank facilities for profitable Varisys, Ultra said it expected the acquisition to be earnings enhancing in the current financial year.
Read moreUltra Electronics keeps costs down to offset UK defence cuts
26th Apr 2013 08:03
Ultra Electronics expects a greater second-half weighting of defence orders and revenues despite uncertainties in the market. The international defence, security, transport and energy company said it has kept a tight rein on costs to offset the effects of a tough economic climate. The UK's Minis
Read moreFriday broker round-up UPDATE
8th Mar 2013 07:42
Advanced Computer Software Group: Canaccord Genuity raises target price from 80p to 108p and reiterates a buy recommendation. Aggreko: Jefferies raises target price from 2000p to 2200p keeping its buy recommendation. Cantor Fitzgerald takes target price from 2020p to 2200p and stays with its buy re
Read moreTuesday broker round-up UPDATE
5th Mar 2013 07:15
Abcam: Investec raises target price from 466p to 484p and keeps a buy recommendation. Numis revises target price from 470p to 530p and maintains its buy ratng. Access Intelligence: Merchant Securities initiates with a target price of 7p and a buy recommendation. Amlin: Canaccord Genuity raises tar
Read moreLondon close: Chinese data and Italian uncertainty weigh on stocks
4th Mar 2013 17:16
UK stocks ended the session moderately lower on Monday, pushed into decline by concerns over a stricter mortgage policy introduced in China, in an effort to curb soaring property prices, and political tensions in Italy. The news out of Asia prompted declines amongst resources stocks on fears demand
Read moreLondon midday: Chinese mortgage policy puts FTSE in the red
4th Mar 2013 12:00
UK stocks were sitting firmly in negative territory by midday on Monday, pushed into decline by concerns over a stricter mortgage policy introduced in China in an effort to curb soaring property prices. The news prompted declines amongst resources stocks on fears demand for building materials coul
Read more