(Alliance News) - The European defence sector has a strong outlook, and London-listed BAE Systems PLC is among those that stands to benefit, German bank Berenberg predicted. Read More
(Alliance News) - London's FTSE 100 made a solid start to the final stretch of the year, though the mood was still uneasy despite a deal being struck in the US to avert a government shutdown. Read More
(Alliance News) - Britain has signed contracts worth GBP4 billion to finance a new phase of the SSN-Aukus next-generation attack submarine project, according to government officials. Read More
Babcock International Group PLC - London-based aerospace, defence and nuclear engineering services firm - Ahead of annual general meeting at 1030 BST, says trading has been encouraging since the start of its financial year that will end on March 31, noting good organic revenue growth, improved operational performance and higher cash flow compared to a year earlier. Says organic revenue growth is offsetting the effects of disposals in the prior year, including contract phasing in Marine and further growth in Nuclear infrastructure programmes. Says underlying operating profit increased, driven by revenue growth and continued operational improvement driving underlying operating margin expansion. Says operating also benefitted from "the earlier than anticipated" receipt of initial licence fees associated with the Polish Miecznik frigate programme. Says underlying operating cash flow in the period was higher than expected, largely due to contract phasing. Read More
(Alliance News) - Stock prices in London opened lower on Thursday as worries around the ailing Chinese property sector and the growing likelihood of interest rates remaining higher for longer weighed on market mood for yet another day. Read More
(Alliance News) - Stocks in London were called flat on Thursday as markets grappled with a deepening property crisis in China and the prospect of interest rates staying higher for longer. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning: Read More
James Fisher & Sons PLC - Barrow In Furness, Cumbria-based marine services - Hires Karen Hayzen-Smith to be chief financial officer, starting by December 1. At that time, Duncan Kennedy will step down as CFO and from the board but will remain at James Fisher for a short transition. Hayzen-Smith currently is director of group finance at chemicals firm Johnson Matthey PLC. She has been in that role since January 2020 and also served as interim CFO for Johnson Matthey from November of that year to April 2021. Prior to Johnson Matthey, Hayzen-Smith worked at Babcock International Group PLC and Vodafone Group PLC. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning: Read More
(Alliance News) - Stocks in London are called to open lower on Wednesday, following a slew of earnings from UK companies, as well as an interest rate decision from the US Federal Reserve. Read More
(Alliance News) - Stock prices in London made little headway at Friday's open, but look set to maintain the week's gains, boosted by Wednesday's cool inflation print. Read More
(Alliance News) - The FTSE 100 in London was higher at midday on Thursday, holding onto Wednesday's gains and boosted by commodities. Read More
(Alliance News) - Babcock International Group PLC on Thursday said its annual profit dropped following a dispute over its frigates contract with the UK Ministry of Defence. Read More
(Alliance News) - Stock prices in London opened mostly higher on Thursday, with the FTSE 100 boosted by a strong performance in mining stocks. Read More
(Alliance News) - Stocks in London are expected to edge lower on Thursday, after Wednesday's outperformance following the cooler-than-expected UK inflation data. Read More
(Alliance News) - Babcock International Group PLC on Thursday said it has signed an initial contract with the UK Submarine Delivery Agency for the multi-year refit of nuclear submarine HMS Victorious. Read More
(Alliance News) - Babcock International Group PLC on Wednesday said it has been awarded a contract by the UK Ministry of Defence to support operational requirements for Ukraine's military land assets as part of the UK's support for the country. Read More