- Today's Hot Chat Topics
- Member Benefits
- Manage your personalised Watchlist.
- Set up an online Virtual Portfolio.
- Participate in Share Chat.
- See more trades and director dealings.
- Play the Fantasy Share Trading Game.
Share:
HomeShare PricesStock PickerFinancial DiaryUK IndicesUK Industry SectorsCompany LookupShare RisersShare FallersBroker RatingsFinance GlossarySMS ServicesShare ChatFinance NewsBlogsLive PricesShares BookshopFinance ToolsMembers
Latest Share Chat
Cobham ShareCast News (COB)
ShareCast News for Cobham (COB)
| Share Price: 282.30 | Bid: 281.60 | Ask: 281.70 | Change: 0.30 (+0.11%) |  | ||||||
| ||||||||||
Cobham CFO announces departure
Thu, 26th Apr 2012 08:26
Aerospace and defence firm Cobham has announced the departure of its Chief Financial Officer (CFO), Warren Tucker.
Tucker has been Cobham's CFO since May 2003 will stand down at the 2013 annual general meeting, having served 10 years on the board.
The news of his leaving was delayed until after the announcement earlier this week of the appointment of a new Chief Executive, Robert Murphy.
Thursday's trading update says expectations for 2012 remain unchanged. On top of "modestly positive" organic revenue growth in the first three months of 2011, a cost cutting drive appears to be on track to deliver £8m in efficiency savings by the end of the year.
Order intake in the quarter is described as "encouraging" and at the end of March the order book stood at £2.5bn.
Net debt decreased to £215m by the end of the quarter (December 31, 2011: £232m) and, due to UK legislation changes Cobham expects its underlying tax rate will be lower than previously expected for a few years starting in 2012.
Since the start of the year Cobham shares have risen 27%, although they were down 2.4% by 09:24.
BS
Tucker has been Cobham's CFO since May 2003 will stand down at the 2013 annual general meeting, having served 10 years on the board.
The news of his leaving was delayed until after the announcement earlier this week of the appointment of a new Chief Executive, Robert Murphy.
Thursday's trading update says expectations for 2012 remain unchanged. On top of "modestly positive" organic revenue growth in the first three months of 2011, a cost cutting drive appears to be on track to deliver £8m in efficiency savings by the end of the year.
Order intake in the quarter is described as "encouraging" and at the end of March the order book stood at £2.5bn.
Net debt decreased to £215m by the end of the quarter (December 31, 2011: £232m) and, due to UK legislation changes Cobham expects its underlying tax rate will be lower than previously expected for a few years starting in 2012.
Since the start of the year Cobham shares have risen 27%, although they were down 2.4% by 09:24.
BS
Cobham awarded 165m-pound UK MoD contract extension
Cobham has been awarded a five-year base contract extension worth 165m pounds by the UK Ministry of Defence (MoD) for essential operational readiness training.[Yesterday 08:08]
Monday broker round-up UPDATE
Alent: Credit Suisse initiates with a target price of 430p and an outperform rating.[Mon 08:32]
London pre-open: FTSE to edge higher in early trade
City sources predict the FTSE 100 will open up two points from yesterday's close of 6,694, rising modestly after stronger gains in the US overnight.[16 May '13]
Cobham wins extension to B717 QantasLink contract
Defence technology company Cobham has been awarded an extension of its current B717 QantasLink contract through to 2018.[16 May '13]
London pre-open: Stocks to edge higher ahead of balance of trade report
City sources predict the FTSE 100 will open up seven points from yesterday's close of 6,593, and as such largely ignoring declines seen in the US last night ahead of today's balance of trade reading.[10 May '13]
Cobham acquires Axell Wireless
Defence technology group Cobham has acquired Axell Wireless, a privately-owned supplier of wireless communications for commercial and public safety markets.[10 May '13]
Thursday broker round-up UPDATE
Alkane Energy: Liberum Capital initiates with a target price of 44p and a buy recommendation.[9 May '13]
ITV CEO sells 2.3m shares post exercise
A round-up of the biggest director deals today so far.[30 Apr '13]
