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(ShareCast News) - Shares in FTSE 250 aerospace and defence group Cobham tanked after it proposed a £500m rights issue in the second quarter of the year as it reported a big drop in first-quarter trading profit. Profit fell to £15m from £50m in the first quarter of 2015, missing the board's expectat
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LONDON, April 26 (Reuters) - British engineering company Cobham proposed a 500 million pounds ($724.80 million) rights issue to strengthen its balance sheet after profit plunged in its first quarter, pushing it to reduce its debt. Cobham, which specialises in aerial refuelling equipment, sa
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(ShareCast News) - Aerospace and defence firm Cobham got a boost on Wednesday as Barclays upgraded the stock to 'overweight' from 'equalweight' in light of the recent performance. It noted the stock has significantly de-rated since a small profit warning in the third quarter and lacklustre full year
Read more(ShareCast News) - Aerospace and defence firm Cobham got a boost on Wednesday as Barclays upgraded the stock to 'overweight' from 'equalweight' in light of the recent performance. It noted the stock has significantly de-rated since a small profit warning in the third quarter and lacklustre full year
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