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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: 528.00
Bid: 528.00
Ask: 529.50
Change: 2.00 (0.38%)
Spread: 1.50 (0.284%)
Open: 525.50
High: 528.00
Low: 525.50
Prev. Close: 526.00
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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30 May 2023 12:53

Jefferies reiterates 'buy' rating on Babcock

(Sharecast News) - Jefferies reiterated its 'buy' rating on Babcock on Tuesday and lifted the price target to 460p from 450p as it assumed coverage of the shares and took the opportunity "to revisit the case and provide an update on the Type 31 situation".

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30 May 2023 09:14

LONDON BROKER RATINGS: RBC cuts Dr Martens to 'sector perform'

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

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2 May 2023 09:34

LONDON BROKER RATINGS: HSBC raises Rightmove to 'buy' from 'hold'

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

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20 Apr 2023 09:26

Babcock begins cost dispute over UK Ministry of Defence contract

(Alliance News) - Babcock International Group PLC on Thursday said it has begun a dispute resolution process regarding its Type 31 contact with the UK Ministry of Defence.

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20 Apr 2023 09:01

LONDON MARKET OPEN: Stocks head lower as global outlook weakens

(Alliance News) - Stock prices in London edged into the red, following tepid trade in the US and Asia, while oil prices continued to fall on a weak global demand outlook, dragging down oil company shares.

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20 Apr 2023 08:04

Babcock warns on potential £100m hit from UK frigate contract

(Sharecast News) - UK defence engineer Babcock on Thursday said it may have to take a hit of up to £100m on a Royal Navy frigate contract after inflation pushed build costs higher as it argued with the government over who should pick up the bill.

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20 Apr 2023 07:53

LONDON BRIEFING: Haleon sales up; Babcock warns of possible profit hit

(Alliance News) - Stocks in London were called to open flat on Thursday, as tepid trade in equities continued globally.

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8 Mar 2023 11:42

UK Financial Reporting Council fines PwC for two Babcock audits

(Alliance News) - The UK Financial Reporting Council on Wednesday announced it fined PricewaterhouseCoopers for its 2017 and 2018 annual earnings audits of defence contractor Babcock International Group PLC.

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8 Mar 2023 08:11

PwC slapped with £7.5m fine over Babcock audits

(Sharecast News) - PwC has been hit with a £7.5m fine by the UK's accounting regulator for "serious breaches" on audits of engineer Babcock.

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2 Mar 2023 11:36

Citi cuts rating on Babcock to 'neutral'

(Sharecast News) - Citi has downgraded Babcock International Group to 'neutral' on concerns about legacy issues.

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2 Mar 2023 09:48

LONDON BROKER RATINGS: Numis cuts BT to 'sell'; Citigroup cuts Babcock

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

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1 Mar 2023 10:15

Babcock now mostly defence contractor as completes disposal programme

(Alliance News) - Babcock International Group PLC on Wednesday said it completed the sale of aerial emergency services businesses to Ancala Partners LLP for EUR136.2 million.

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1 Mar 2023 09:52

LONDON BROKER RATINGS: Canaccord says sell Future; Investec likes RWS

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

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20 Feb 2023 12:25

IN BRIEF: Babcock signs agreement on digital manufacturing

Babcock International Group PLC - London-based defence contractor, focused on aerospace, defence and nuclear engineering services, specialising in managing complex assets and infrastructure - Signs framework agreement with Daresbury, Cheshire-based 3D metal printing company Additure. Agreement aims to enhance Babcock's digital manufacturing capability within its Land business.

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15 Feb 2023 12:02

LONDON MARKET MIDDAY: Stocks stall, sterling remains weak on inflation

(Alliance News) - Stock prices in London were trading sideways at midday on Wednesday as investors mulled the future of interest rates in the UK, following fresh data that revealed inflation cooled in January.

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