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Pin to quick picksBabcock Share News (BAB)

Share Price Information for Babcock (BAB)

London Stock Exchange
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Share Price: 514.00
Bid: 511.50
Ask: 512.50
Change: 3.50 (0.69%)
Spread: 1.00 (0.196%)
Open: 514.50
High: 520.50
Low: 509.50
Prev. Close: 510.50
BAB Live PriceLast checked at -

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Sunday newspaper round-up: Middle East, Aston Martin, Defence

Sun, 14th Apr 2024 13:31

(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph

Aston Martin chief executive officer Amedeo Felisa has come under criticism after news that he was given £1.3m to cover his expenses for the weekly commute form Italy to the Midlands on a private jet. The row follows a major revolt among AstraZeneca shareholders over the proposed pay package for its boss. Sky-high pay packages are also expected to trigger a rebellion among shareholders at Smith & Nephew and LSE Group. - The Financial Mail on Sunday

Top defence chiefs, including the heads of Airbus and Babcock, are calling for the UK to invest more in defence due to the heightened risk of conflict across the world. The UK and other countries need to take such threats seriously and respond appropriately, Airbus head of space and defence Ben Bridge said. Babcock chief David Lockwood also called for greater spending on defence, saying now was the first time that we were not taking Western freedoms for granted. - The Sunday Telegraph

Grocers are selling and then leasing back their stores in order to free up cash with which to lower their debt piles. Asda and Morrisons led the way in 2023 with transactions to sell their stores and warehouses. Indeed, such deals made up nearly half of all property deals last during the previous year, versus just 1% in 2022. - Financial Mail on Sunday

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12 Apr 2024 08:00

UK's Labour Party aims to boost defence spending to 2.5% of GDP

LONDON, April 12 (Reuters) - Britain's opposition Labour Party would aim to raise defence spending to 2.5% of GDP "as soon as resources allow", its leader Keir Starmer said on Friday.

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26 Mar 2024 09:40

LONDON BROKER RATINGS: Dr Martens cut to 'sell'; BofA likes Tullow

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

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25 Mar 2024 05:51

UK government to unveil GBP200 million nuclear investment

(Alliance News) - Prime Minister Rishi Sunak will on Monday announce GBP200 million of public investment to boost the UK's nuclear deterrent programme and its civil nuclear industry, which the government says will support 40,000 expected new jobs.

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1 Mar 2024 09:51

Babcock wins GBP560 million contract to refit HMS Victorious submarine

(Alliance News) - Babcock International Group PLC on Friday said that it would be conducting maintenance on one of the UK's nuclear submarines, deemed a critical component of the nuclear deterrent by the country's defence secretary.

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1 Mar 2024 07:28

Babcock secures £500m UK submarine contract

(Sharecast News) - Babcock International has secured a significant contract with the UK's Submarine Delivery Agency (SDA), it announced on Friday, valued at £560m.

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15 Feb 2024 09:20

IN BRIEF: John Wood Group adds Babcock CEO David Lockwood to board

John Wood Group PLC - Aberdeen, Scotland-based energy and materials engineering and consulting - Hires David Lockwood as non-executive director, joining the board on March 12. Lockwood is the chief executive officer of London-based aerospace and defence contractor Babcock International Group PLC. Prior to Babcock, Lockwood was CEO of Babcock peer Cobham PLC and of electronics firm Laird PLC. Wood Chair Roy Franklin says Lockwood "is an innovative leader who has led large-scale company transformations and consistently delivered value for shareholders, making him a strong addition to Wood's board." Babcock welcomes the appointment, believing it will be "beneficial to both organisations".

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14 Feb 2024 09:40

LONDON BROKER RATINGS: Panmure likes Nichols; Jefferies cuts Bytes

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

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8 Feb 2024 14:42

London close: Stocks slip as US jobless claims fall

(Sharecast News) - London markets experienced a downturn in trading on Thursday, with stocks relinquishing earlier gains as investors processed a decrease in jobless claims in the United States.

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8 Feb 2024 09:04

LONDON BROKER RATINGS: UBS cuts LSE; Jefferies cuts Redrow

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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8 Feb 2024 08:18

Babcock shoots higher as JPMorgan lifts price target, EPS estimates

(Sharecast News) - Babcock shot higher on Thursday as JPMorgan Cazenove lifted its price target on the shares to 630p from 610p and upped its earnings per share estimates following the company's capital markets day.

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8 Feb 2024 07:50

LONDON BRIEFING: Unilever sets new buyback; Astra profit surges

(Alliance News) - Stocks in London are called to open slightly higher on Thursday, as investors eye a busy day of earnings.

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7 Feb 2024 08:03

Babcock on track to hit targets after strong start to year

(Sharecast News) - Defence engineering group Babcock has said that it is trading in line with expectations, as it meets with institutional investors and analysts for a capital markets day.

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6 Feb 2024 12:15

Babcock wins new GBP75 million training deal for UK military vehicles

(Alliance News) - Babcock International Group PLC on Tuesday said it won a new contract to provide technical training to the British Army's armoured vehicle arm.

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2 Feb 2024 09:27

LONDON BROKER RATINGS: Barclays raises easyJet and Wizz Air

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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