The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Cobham Share News (COB)

Cobham Information

There is currently no data for COB

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

Thu, 16th Feb 2017 14:53

(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, which together reflect increased estimates of costs to complete contracts and, in some cases, lower recovery from customers.The news sent its shares crashing lower by 15.36%.In parallel, BP and Royal Dutch Shell weighed on the Oil&Gas space after going ex-dividend.Going the other way, interest rate-sensitive defensive issues were in greatest demand as markets came under pressure from profit-taking following their recent strong run.Pharmaceuticals led the pack, with stock in Shire putting in the best performance after the drugs firm reported fourth quarter sales and earnings that printed ahead of analysts' forecasts.Revenues for the quarter came in £3.81bn, versus the consensus $3.77bn, while earnings per share of $3.37 beat the forecast $3.24.Shares in Vectura also did well after the firm said it hit its royalty cap on sales of GlaxoSmithKline´s Ellipta range of products in 2016, one year ahead of forecasts.The value of the cap was equivalent to £9.0m.Among non-life inusrers, it was Lancashire Holdings which did best after it reporting that its bottom line held up in 2016.Lancashire did caution that "market conditions remain difficult for the foreseeable future" but said it was confident about 2017.As of 1605 GMT the yield on the benchmark 10-year Gilt was off by three basis points to 1.27%.Top performing sectors so far todayPharmaceuticals & Biotechnology 13,935.14 +1.00%Forestry & Paper 19,905.47 +0.98%Fixed Line Telecommunications 3,585.48 +0.74%Insurance (non-life) 2,816.43 +0.61%Mobile Telecommunications 4,451.25 +0.58%Bottom performing sectors so far todayAerospace and Defence 4,608.01 -2.01%Oil & Gas Producers 7,886.91 -1.57%Automobiles & Parts 8,103.74 -1.08%Chemicals 12,543.89 -1.02%Electricity 9,029.89 -0.92%

More News

1 Mar 2018 15:23

LIVE MARKETS-Rising rates and the benefits of a zombie apocalypse

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

1 Mar 2018 13:38

LIVE MARKETS-Kindly step away from the sector

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 12:59

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

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 12:22

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

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 11:10

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

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 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 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