Company
LON:BAB
Babcock is a FTSE 100 defence company operating in our focus countries of the UK, Australasia, Canada, France and South Africa, with exports to additional markets with potential to become focus countries. We meet our customers’ key requirements of affordability, availability, and capability by delivering engineering, support and critical systems to defence and civil markets.
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“Although Babcock's FY19 results were in line with the (reduced) expectations set out at the February trading update, the scale of revenue and profit attrition indicated in the company's FY20 guidance surprised”
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The UK's index of leading shares finished the first day of the trading week around 46 points higher at 7,378
"We have sharpened our focus on our three key markets of defence, aerial emergency services and civil nuclear”
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The Footsie closed out at 7,334 - up around five points, while mid-cap index was firmly lower- down 129 points at 19,307
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Economists are expecting the consumer price index to be well below the recent growth in average earnings at around 1.8% year-on-year in April
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The Week Ahead will also bring news from power firm SSE and water groups Severn Trent and United Utilities, plus the latest UK inflation and retail sales numbers
In a second research report, Boatman has accused Babcock of overstating a key contract by as much as £75mln, and of underplaying its rocky relationship with the MoD
The group said Ruth Cairnie has extensive experience of the engineering sector gained from a 37-year international career spanning senior functional and line roles Shell
A look at the day's major movers, including Persimmon, Quadrise Fuels International, Travis Perkins, and Babcock
Babcock maintained its guidance for underlying earnings for the year as an improved margin is expected to offset a dip in estimated revenue
Footsie closed down around 32 points at 7,151, while the FTSE 250 added 23 at 19,270
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Aside from the 2018 results from the emerging markets-focused bank, FTSE 100-listed housebuilder Persimmon and speciality chemicals blue chip Croda International will also report numbers
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The Week Ahead will also bring a trading update from AB Foods, plus final results from Standard Chartered, IAG, Persimmon, Rightmove, as well as the latest US GDP data
The JV will become asset steward of the largest vessels in the Royal Australian Navy: Two flagship Canberra Class Landing Helicopter Docks (LHD) and their 12 associated amphibious LHD landing crafts
The Wildfire Suppression Services contract from the Manitoba government marks Babcock's first firefighting work outside of Europe
The premier index of UK shares finished down nearly 59 points at 6,980. Mid-cap cousin FTSE 250 shed over 128 points at 18,480.
Babcock has taken a £120mln one-off hit on the value of its Avincis helicopter business, which it bought for £1.6bn back in 2014, just before oil prices plunged
Mid-cap cousin FTSE 250 was also higher. It surged over 218 points to close at 18,584.
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A relative cornucopia of firms are scheduled to report results on Wednesday ahead of the US holiday, with a sprinkling of and UK and US economic data to taste
Sky News reported that the engineering firm would announce a £100mln hit on the value of the Avincis helicopter business it bought in 2014 for £1.6bn in its half-year results on Wednesday
The chief negotiator for the EU, Michel Barnier, has proposed extending the transition period for the UK to leave the bloc until as late as 2022. Theresa May said she was not keen on the idea
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Aside from the inevitable Brexit drama, the Week Ahead will be dominated by another batch of corporate updates from the likes of Kingfisher, Centrica, easyJet, and Compass Group
Babcock said a report by Boatman Capital Research included “many false and malicious statements, which the group strongly refutes”
The Canadian bank also chopped back its target price for the FTSE 250-listed stock back to 700p from 1,000p, with the shares currently trading at 584.60p, down 5.5% on Friday’s close
A look at some of the biggest risers and fallers in the UK market on Wednesday
The FTSE 250-listed group says its engineering order book and pipeline “remain strong” with a combined value of around £32bln
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DIY retailer Kingfisher has seen a decent performance by B&Q and Screwfix blighted by seemingly irreparable problems at its Castorama chain in France
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Aside from the UK data and the retail updates, the Week Ahead will also bring news from the likes of Diageo, Dairy Crest, Smiths Group, Lamprell, and SIG
Babcock said: "There has been no change to the company's expectations for underlying revenue and underlying earnings as detailed in its recent trading statement and no change to the bid pipeline”
The FTSE 250-listed defence contractor said it now expected to see low single-digit underlying revenue growth for the full year, compared with a previous forecast of "low mid-single digit" growth
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Footsie closed up around seven points, or 0.10% at 7,683 on Thursday
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The day ahead includes full year results from Sports Direct, a first quarter trading update from SSE and UK retail sales data
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The week ahead includes updates from Royal Mail, Unilever, Sports Direct, Rio Tinto and Anglo American along with official UK data on jobs, inflation and retail sales
The UK engineering group met expectations, albeit those expectations were previously dampened by a February profit warning
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Global markets are in the red after Donald Trump said he was not happy with the progress of talks with China.
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M&S announced shop closures a day ahead of its results announcement; was that to spread the bad news over two days or to ensure the bad news did not overshadow a decent trading performance?
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Aside from the retails, the week ahead includes results from utilities Pennon PLC, Severn Trent PLC, United Utilities PLC, and SSE PLC, plus updates from Ryanair PLC and Britvic PLC, and the latest UK inflation numbers
Well, it could have been worse but the worry is, it soon will be
FTSE 100 closed 2.64% lower, or 193 points, at 7,141 amid chaotic US trading
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The day ahead sees full year results from BP and Ocado, interims from Hargreaves Lansdown and trading updates from Carpetright and Babcock
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After November's hike, another UK rate rise is unlikely this month, although some Bank of England MPC members may vote for a rise after a unanimous vote in December
Carillion's contracts, joint venture partners and lenders are hanging in the balance after confirming its collapse
Babcock’s Naval Ship Management joint venture will take care of planning, scheduling, management and preventative and corrective maintenance for the ANZAC fleet and its support system
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The FTSE 100 closed the day higher, as the weak pound helped, while other European indices lagged
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UK stocks could do with a catalyst and tomorrow's US jobs numbers might provide it
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The Week Ahead diary includes the December US jobs data, plus corporate updates from Stagecoach PLC, Ferguson PLC, IG Group PLC, and Berkeley Group PLC
Morgan Stanley cut its rating on Babcock to ‘equal-weight’ from ‘overweight’
In a review of the European takeaway sector, the US bank reiterated an ‘overweight’ stance on the UK firm with an increased price target of 967p, up from 841p previously
Just Eat has seen its share price more than treble to 820p over the past three years, as it continues to deliver impressive order, revenue and user growth
Around 3.10pm, the FTSE 100 index was down about 6 points at 7,411, below the day’s peak of 7,425.19, but above the low of 7,389.54
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With little news due from London’s listed companies, at least there are always the Black Friday sales to keep investors occupied
The FTSE 100 managed to turn away from earlier losses to edge slightly higher at the close
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The day ahead includes full year results from EasyJet and a trading update from Kingfisher
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The week ahead centres on the Autumn Budget but also sees updates from EasyJet, William Hill, Kingfisher, United Utilities, Mothercare and Fuller Smith & Turner
In a trading update, the FTSE 100-listed firm said revenue visibility has also "continued to improve" with 89% of revenue in place for the financial year ending March 2018, and 57% of revenue is in place for the following year
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Sterling's strength weighed on FTSE 100 stocks today
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Trading can change as fast as the weather for a home improvements retailer; not many are expecting it to have changed for the better for Kingfisher
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Week ahead includes Federal Reserve interest rate announcement, UK retail sales data, second quarter results from Kingfisher PLC, and trading update from Ocado PLC
The UK blue chip index Around 12 points lower at 7,411 well above the day’s low of 7,388.92
The FTSE 100-listed firm said trading has been in line with expectations in the new financial year, which started on April 1, and said visibility has continued to improve.
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Footsie was becalmed throughout the day, leaving the mid-cap FTSE 250 to claim the limelight
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Thursday's trading update comes immediately after news of Premier's new Mexico discovery.
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The top-shares index pushed on again in the afternoon session despite an indifferent showing on Wall Street
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Week ahead: Marks & Spencer, Burberry, JD Wetherspoon...
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Analysts are worried clothing arm is relapsing in spite of vow to fix it by Steve Rowe
Despite events, the FTSE 100 remained relatively strong throughout the day but ended lower
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Week ahead: Marks & Spencer, Dixons Carphone, Kingfisher, De la Rue...
The FTSE 100-listed firm will become a Marine Systems Support Partner for the Royal Navy's new Queen Elizabeth Class Aircraft Carriers and Type 45 Destroyers
Babcock said the change to the contract will result in the removal of around £800mln from its £20bln order book, “creating an annual step down in revenue of around £100m (less than 2% of the Group's turnover) from financial year 2020/21"
Liberum’s analysts raised their stance on the defence contractor to ‘buy’ from ‘hold’ with an unchanged share price target of 960p
Babcock is confident of reaching full year targets and expects a stronger second half
FTSE 100 stocks ended on a high on Tuesday after rangebound trading for much of the session, with engineers leading light gains
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Rather than give the annual State of the Union address, Trump is instead going to give a speech to both parts of Congress - the Senate and the House of Representatives – which is quite normal for first-year presidents.
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Having seen the big drugs, oils, and banking sectors dominate over the past few weeks, investors will have less FTSE 100 results to digest in the coming week.
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FTSE 100 shares ended higher on Tuesday thanks to a trio of miners, further lifted by Wall Street marking a flurry of record highs, and the Dow Jones Industrial Average spiking above 19,000 for the first time. The Dow hit a record 19,014.73
Kingfisher Plc, Homeserve PLC, Rotork PLC and Babcock International Group PLC are all in Tuesday's agenda
The new chancellor of the exchequer gets to set out his stall
Ascent Resources topped the small cap leader boards amid confirmation of a possible merger with Ukraine focussed Cadogan Petroleum.
Drug giant says Andrew Witty will go in March 2017
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Petrofac, Debenhams, Interserve...
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The shooting-down of a Russian jet by Turkey unsettled traders
The FTSE 100 Index dropped 79.95 points to 6225 at lunchtime
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Concern about higher fuel costs hit shares in airlines
Kingfisher and Cineworld will update on their respective third quarters on Tuesday
Kingfisher and Cineworld will catch the eye but George Osborne will be the headline maker next week
Critics say power from new plant will cost more than renewable energy
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Below are the main new-driven share price movements at 4pm.
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Shell and InterContinental Hotels were the stand-out stocks on a busy day for trading updates from Footsie firms
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Tern jumped as a non-executive director left the board while TalkTalk lost as BT posted good first half results.
The Anglo-Dutch index heavyweight fuelled gains for the Footsie
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No shortage of big names reporting this week, including the state-controlled lenders Lloyds and RBS, plus integrated oil giants BP and Shell
Contract wins and acquisitions helped defence support services group Babcock International (LON:BAB) boost annual underlying pre-tax profit by 32% to £417.7mln. Babcock’s order book rose during the year to £20bn at the end of March from abo