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Pin to quick picksCohort Share News (CHRT)

Share Price Information for Cohort (CHRT)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 1,510.00
Bid: 1,504.00
Ask: 1,510.00
Change: 0.00 (0.00%)
Spread: 6.00 (0.399%)
Open: 1,510.00
High: 1,530.00
Low: 1,470.00
Prev. Close: 1,510.00
CHRT Live PriceLast checked at -

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Sector movers: QinetiQ leads defence stocks higher on M&A reports

Mon, 21st Oct 2013 15:44

Aerospace and defence stocks were gaining ground on Monday as deal speculation, trading updates and upbeat broker commentary lifted the sector higher.QinetiQ, the defence technology and security firm, was a high riser today on weekend reports that it is putting its US division up for sale. Hopes have now been ignited over an impending disposal after The Sunday Times reported that QinetiQ sent sale documents to potential suitors last week. "Industry sources believe the sale of the American business could spark interest in the rest of QinetiQ," the paper also said.The stock, with a current market capitalisation of around £1.34bn, was trading 4.59% higher at 202.8p on Monday afternoon.Aerospace and defence engineer Senior was trading up 1.02% after strong order books at Airbus and Boeing helped it keep profits on track since early July.Senior said adjusted pre-tax profit since July 1st was in line with its expectations and net debt at the end of September had fallen to £61m, £10m lower than at the start of the year.Sector heavyweights Rolls-Royce and BAE Systems were also making decent gains today after analysts Devang Doshi and Natalia Mamaeva from Citigroup said that remained "constructive" on civil aerospace stocks."Our positive outlook on civil aerospace is driven by ramp-up in production of new aircraft and rising production of legacy aircraft. Record backlogs, better-than-expected aircraft orders and robust air traffic trends remain supportive of an ongoing delivery cycle upturn."In contrast, the analysts said they would stay cautious on the defence sector given that defence budgets in the US and Europe are expected to be "roughly flat" over the coming years. However, they did note that the recent agreement on Capitol Hill over a short-term increase in the debt ceiling "has removed some immediate risks overhanging US defence". However, they said these would re-appear early next year.Others in the sector including Meggitt, Cobham, Ultra Electronics, Manroy and Cohort were also in positive territory in afternoon trade.Top performing sectors so far todayTechnology Hardware & Equipment 1,211.40 +2.67%Aerospace and Defence 5,141.71 +2.25%Oil Equipment, Services & Distribution 24,658.89 +2.01%General Industrials 4,313.25 +1.64%Support Services 6,341.34 +1.51%Bottom performing sectors so far todayAutomobiles & Parts 8,482.50 -2.13%Life Insurance 6,678.57 -0.44%General Retailers 2,690.80 -0.41%Mobile Telecommunications 5,280.52 -0.33%Real Estate Investment Trusts 2,540.68 -0.31%BC
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29 May 2025 12:03

Cohort reports record order book amid growth in revenue and profit

(Alliance News) - Cohort PLC on Thursday said trading in the 2025 financial year was in line with expectations as it hailed a record closing order book.

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29 May 2025 09:12

Cohort ends FY25 with record closing order book

(Sharecast News) - Independent technology group Cohort said on Thursday that it had wrapped up the year ended 30 April with a record closing order book, driven by strong growth throughout the period, in line with expectations.

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6 May 2025 14:59

CORRECT: Cohort subsidiary wins five-year contract with Thales UK

(Corrects the length of the contract, which is different to that of the 15-year MSET programme.)

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1 May 2025 14:18

IN BRIEF: Cohort subsidiary wins 15-year contract with Thales UK

Cohort PLC - Reading, England-based technology firm - Announces that its subsidiary Systems Engineering Assessment Ltd has secured a 15-year contract with Thales UK as part of the Maritime Sensor Enhancement Team programme. Says SEA will provide waterfront support maintenance, repairs and regulatory inspections on the towed array handling equipment at the Royal Navy's UK dockyards and overseas.

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1 May 2025 11:51

Cohort subsidiary SEA wins 15-year contract with Thales UK

(Sharecast News) - Cohort announced on Thursday that its subsidiary Systems Engineering & Assessment (SEA) has been awarded a 15-year contract worth £8m by Thales UK under the Maritime Sensor Enhancement Team (MSET) programme.

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28 Apr 2025 09:26

LONDON BROKER RATINGS: Berkeley and Advanced Medical Solutions raised

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

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28 Apr 2025 08:30

RBC Capital starts coverage of Cohort, Chemring and Qinetiq

(Sharecast News) - RBC Capital Markets initiated coverage of SMID UK defence companies Cohort, Chemring and Qinetiq on Monday, with a preference for products over services.

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12 Feb 2025 09:56

Cohort subsidiary wins extension to JCSAT contract

(Sharecast News) - Technology group Cohort's MASS Consultants subsidiary has been awarded an extension to its Joint Command and Staff Training contract for UK Strategic Command.

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12 Feb 2025 09:20

IN BRIEF: Cohort wins GBP17.5 million JCAST contract extension

Cohort PLC - Reading, England-based technology firm - Says its subsidiary MASS Consultants Ltd has won an extension to the Joint Command and Staff Training contract for UK Strategic Command. The extension is for a further two years, until 2027 and has a value in excess of GBP17.5 million.

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11 Feb 2025 11:39

UK dividends calendar - next 7 days

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31 Jan 2025 11:33

Cohort completes acquisition of Aussie firm EM Solutions

(Sharecast News) - Cohort announced the completed acquisition of EM Solutions on Friday, following earlier announcements in November and January.

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31 Jan 2025 08:48

IN BRIEF: Cohort completes acquisition of Australia-based EM Solutions

Cohort PLC - Reading, England-based technology firm - Completes its takeover of Brisbane, Australia-based naval communications firm EM Solutions Pty Ltd. It will operate as the seventh stand-alone business within Cohort, reporting through the Communications & Intelligence division. Cohort announced in November it had agreed to buy EM Solutions for AUD144.0 million, about GBP75 million at the time.

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9 Jan 2025 16:56

Cohort subsidiary secures Italian submarine contract extension

(Sharecast News) - Technology company Cohort announced on Thursday that its German subsidiary ELAC Sonar has been awarded a €16.4m contract amendment.

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9 Jan 2025 12:05

IN BRIEF: Cohort subsidiary wins EUR16 million contract amendment

Cohort PLC - Reading, England-based technology firm - Says its German subsidiary, ELAC Sonar GmbH, has received a contract amendment to the value of EUR16.4 million, for the delivery of a sonar system to an additional unit of the Italian Navy's new build submarine programme. The amendment brings the 2021 contract's total value up to EUR100 million, and covers the supply of sonar systems to four submarines.

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2 Jan 2025 12:06

UK dividends calendar - next 7 days

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