Babcock Share News (BAB)

BofA trims Babcock price target, reiterates 'buy' rating

(Sharecast News) - Bank of America Merrill Lynch reiterated its 'buy' rating on Babcock International on Thursday while trimming its price target.

TOP NEWS: Babcock reinstates dividend after four years as profit jumps

(Alliance News) - Babcock International Group PLC on Tuesday reinstated dividend payments as it reported a significantly higher first-half profit.

Babcock backs FY expectations, reinstates dividend

(Sharecast News) - Aerospace and defence firm Babcock backed its full-year expectations on Tuesday, as it reported a rise in first-half revenue and profit, and reinstated its dividend.

LONDON MARKET CLOSE: Europe and New York diverge after hawkish Powell

(Alliance News) - Stocks in Europe suffered on Friday, as US interest rate worries cast a dark cloud over equity markets, though counterparts in New York had a more resilient start to the day.

TOP NEWS: Babcock inks GBP750 million deal with UK Ministry of Defence

(Alliance News) - Babcock International Group PLC on Friday said that it signed a contract with the UK Ministry of Defence's Submarine Delivery Agency.

Babcock secures £750m contract with MoD

(Sharecast News) - Defence company Babcock International said on Friday that it has signed a four-year £750m contract with the UK Ministry of Defence's (MOD) Submarine Delivery Agency (SDA).

UK earnings, trading statements calendar - next 7 days

Sunday newspaper round-up: Middle East, Heathrow, Aviva

(Sharecast News) - The conflict in the Middle East and the resulting humanitarian crisis could trigger a global recession by compounding the challenges that are already facing the precarious world economy. That is the diagnosis of two of the biggest names on Wall Street. Larry Fink, who heads asset manager BlackRock, believes the 7 October Hamas atrocities, the attack on Gaza and the Ukraine invasion mean the world has been pushed to "almost a whole new future". For his part, J.P.Morgan head Jamie Dimon said that: " [...] these geopolitical matters are very serious - arguably the most serious since 1938." - Guardian

LONDON BROKER RATINGS: Barclays ups Rio Tinto; Liberum likes Indivior

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

BAE Systems secures £3.95bn funding for submarine contract

(Sharecast News) - Defence contractor BAE Systems has been awarded £3.95bn of funding from the Ministry of Defence for the next phase of the UK's next-generation nuclear-powered attack submarine programme, known as SSN-AUKUS.

LONDON MARKET OPEN: Stocks rise; United Utilities and Pennon impress

(Alliance News) - London's FTSE 100 made a solid start to the final stretch of the year, though the mood was still uneasy despite a deal being struck in the US to avert a government shutdown.

UK invests GBP4 billion in nuclear-powered submarine project

(Alliance News) - Britain has signed contracts worth GBP4 billion to finance a new phase of the SSN-Aukus next-generation attack submarine project, according to government officials.

London close: Stocks mixed as interest rate concerns simmer

(Sharecast News) - London stocks finished with a varied performance on Thursday as investors pored over the latest US jobless claims data, with underlying anxieties regarding interest rates still bubbling away.

Broker tips: Drax, Croda, Babcock

(Sharecast News) - JPMorgan Cazenove cut its price target on Drax on Thursday to 740p from 830p as it lowered its valuation for the stock.

IN BRIEF: Babcock notes encouraging trading since financial year start

Babcock International Group PLC - London-based aerospace, defence and nuclear engineering services firm - Ahead of annual general meeting at 1030 BST, says trading has been encouraging since the start of its financial year that will end on March 31, noting good organic revenue growth, improved operational performance and higher cash flow compared to a year earlier. Says organic revenue growth is offsetting the effects of disposals in the prior year, including contract phasing in Marine and further growth in Nuclear infrastructure programmes. Says underlying operating profit increased, driven by revenue growth and continued operational improvement driving underlying operating margin expansion. Says operating also benefitted from "the earlier than anticipated" receipt of initial licence fees associated with the Polish Miecznik frigate programme. Says underlying operating cash flow in the period was higher than expected, largely due to contract phasing.