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Cobham Share News (COB)

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Cobham firm on expectations despite Boeing payment delays

Thu, 26th Jul 2018 09:22

(Sharecast News) - Defence and aerospace manufacturer Cobham's shares dropped on Thursday after Boeing withheld payment over the KC-46 aircraft refueling tanker program.Cobham said that the US aerospace giant has made "as yet unquantified" claims for damages relating to the programme and has withheld payment of Cobham's invoices for its supply of drogue and wing aerial refuelling pods (WARP) elements of the refueling system, a move which Cobham will formally dispute.In an update on project progress, a statement from Cobham said steps such as qualification testing on the centerline drogue system have been completed, while federal aviation administration conformed WARP pods were delivered in June to support testing.Cobham is supplying hose and drogue systems to the project which had Boeing scheduled to deliver the first KC-46 Pegasus tanker to the US Air Force in October. A drogue is the part of the aerial refuelling system which stabilises the hose in flight and provides a funnel to aid insertion of the receiver.In further news, project delays will mean an estimated additional non-underlying charge of approximately £40m in Cobham's interim results for 2018, which are set for release on 3 August.However, a statement from the FTSE 250-listed company stressed that no change to its full year 2018 underlying profit guidance should be expected.Cobham's shares were down 9.35% at 119.25p at 0852 BST on Thursday.

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1 Mar 2018 15:23

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1 Mar 2018 13:38

LIVE MARKETS-Kindly step away from the sector

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1 Mar 2018 12:59

LIVE MARKETS-European banks' stress tests: spoiler alert!

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1 Mar 2018 12:22

LIVE MARKETS-UK retail: now is the winter of our discontent

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1 Mar 2018 11:10

LIVE MARKETS-It's not you, it's me: how stock markets threaten the global economy

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1 Mar 2018 10:45

LIVE MARKETS-Italy's vote, the day after: how could markets react?

LONDON, March 1 (Reuters) - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Kit Rees. Reach

1 Mar 2018 09:00

UPDATE 1-UK's Cobham boosted as turnaround gains pace

LONDON, March 1 (Reuters) - British aerospace and defence company Cobham posted annual profit ahead of forecasts and stuck to its 2018 outlook, pushing up its shares that it a

1 Mar 2018 08:58

LIVE MARKETS-Results drag European shares, investors warm to UK domestics

LONDON, March 1 (Reuters) - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Kit Rees. Reach

17 Feb 2017 09:19

Friday broker round-up

(ShareCast News) - AstraZeneca: Jefferies reiterates Buy with a target price of 5250p. BT Group: Jefferies reiterates Hold with a target price of 325p. Standard Life: Macquarie reiterates Outperform with a target price of 450p. Cobham: Goldman Sachs reiterates Sell with a target price of 88p. Dra

16 Feb 2017 17:08

UPDATE 1-European shares retreat after 7 sessions of gains, Cobham plunges

* STOXX Europe 600 index down 0.4 pct * Cobham plunges 20 pct after profit miss * Miners track weaker copper prices * Air France rallies after strong update (Adds details, closing prices) By Atul Prakash LONDON, Feb 16 (Reuters) - European equities fell on Thursday

16 Feb 2017 17:05

LONDON MARKET CLOSE: Sterling Rebound, Ex-Divs Send UK Stocks Lower

16 Feb 2017 16:59

Britain's FTSE retreats from one-month peak, mid-cap index snaps winning streak

* FTSE 100 down 0.3 pct * Energy, auto shares fall * Ex-divs weigh * Cobham slumps after results * FTSE 250 snaps 7-day winning streak By Kit Rees and Helen Reid LONDON, Feb 16 (Reuters) - Britain's top share index retreated from a one-month high on Thursday, w

16 Feb 2017 14:53

Sector movers: Aerospace & Defence and Oil & Gas drag market lower

(ShareCast News) - Stocks in the aerospace and defence space bore the brunt of selling after Cobham warned on profits for the fifth time in just over a year. The FTSE 250 aerospace and defence group took a total of £179m in charges, including £150m from the KC-46 air tanker contract with Boeing, whi

16 Feb 2017 10:30

Britain's FTSE retreats from one-month peak, commodity-linked stocks weigh

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) * FTSE 100 down 0.4 pct * Miners, energy shares fall * Ex-divs weigh * Cobham slumps after results By Kit Rees

16 Feb 2017 10:13

European shares retreat after 7 sessions of gains, Cobham plunges

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets) * STOXX Europe 600 index down 0.3 pct * Cobham plunges 20 pct after results * Miners track weaker metals prices By Atul Pr