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Cobham Share News (COB)

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Cobham tumbles as it swings to full year loss

Thu, 03rd Mar 2016 10:53

(ShareCast News) - Cobham shares slid on Thursday after the aerospace and defence group said it swung to a loss in 2015 and sounded a cautious note on the current year.For the year to the end of December, Cobham posted a pre-tax loss of £40m compared with a £24m in 2014, despite revenue rising to £2.07bn from £1.85bn.Cobham said some of its commercial markets are currently experiencing headwinds, driven primarily by slowing economic growth in Asia-Pacific and weakness in oil, gas and other natural resource markets.Chief executive Bob Murphy said: "We have delivered a robust performance in 2015 in challenging conditions with increased headwinds in some of our commercial markets towards the end of the year which had an adverse impact on earnings and cash generation."We have continued to deliver on our strategic objectives and made excellent progress with the integration of the Aeroflex business. In addition, we have enhanced our focus by divesting a number of businesses in certain markets and with technologies which did not fit our growth strategy, although this will have a dilutive impact on earnings this year."The company said it expects trading in its defence and security portfolio to be stable this year, as overall trends in global spending remain the same.It said demand conditions in some of its commercial markets were still subdued and, with the current macroeconomic uncertainty, it does not expect to see any underlying improvement in these markets.At 1110 GMT, Cobham shares were down 8.2% to 237.90p.

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

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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

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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