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Industrial
Navantia Acquires Harland & Wolff, Reviving a Historic Shipbuilding Legacy
December 19, 2024 09:22 PM AEDT| By Team Kalkine MediaHighlights:,Harland & Wolff's shipyards in Northern Ireland, Scotland, and Devon saved by Navantia's acquisition.,Spanish defence group secures improved terms on a £1.6bn contract for Royal Navy fleet solid support vessels.,The rescue safeguards 1,20...
UK Manufacturing Suffers Largest Output Drop Since 2020 Amid Weak Demand and Policy Uncertainty
December 19, 2024 09:22 PM AEDT| By Team Kalkine MediaHighlights:,Britain’s manufacturing output fell sharply by a balance of -25% in Q4 2024, the fastest decline since mid-2020.,Order books experienced a significant drop from -19% in November to -40% in December.,A combination of weakening external dem...
Assessing Smiths Group's (LON:SMIN) Fundamentals Amid Stock Decline
December 19, 2024 09:13 PM AEDT| By Team Kalkine MediaHighlights,Recent Stock Decline,Smiths Group (SMIN) saw a 4.2% decline in its stock price over the last three months.,Solid ROE Performance,The company's 11% ROE surpasses the industry average of 8.6%.,Balanced Profit Distribution,A 65% payout ratio...
Serco Group Reports Solid Performance in 2024 with Positive Outlook for 2025
December 19, 2024 09:02 PM AEDT| By Team Kalkine MediaHighlights:,Serco projects 2024 revenue at £4.8 billion, reflecting a 3% decline but a 9% rise in operating profit to £270 million.,Strong second-half momentum, especially in North America, supported margin growth to 5.60% and robust cash generation...
British Airways Suspends Heathrow-Abu Dhabi Route Amid Rolls-Royce Engine Delays
December 19, 2024 09:02 PM AEDT| By Team Kalkine MediaHighlights:,British Airways suspends Heathrow-Abu Dhabi flights from March to October 2025 due to Rolls-Royce Trent 1000 engine delays.,Passengers redirected to alternative routes via Doha, Dubai, or London Gatwick, with efforts to minimize disruptio...
Boeing Resumes Full Jet Production Following Pacific Northwest Strike Resolution
December 19, 2024 03:17 AM AEDT| By Team Kalkine MediaHighlights:,Production Resumes:,Boeing restarts manufacturing for all jet programmes, including the 737, 767, and 777/777X, after a worker strike disrupted operations.,Training and Inventory Optimisation:,The company focused on employee training and...
Melrose Industries Rises on Renewed Defence Spending Commitments
December 19, 2024 03:17 AM AEDT| By Team Kalkine MediaHighlights:,Shares Surge:,Melrose Industries gains 2.5%, topping FTSE 100 risers following renewed defence spending commitments.,Defence Budget Focus:,Labour Prime Minister Keir Starmer pledges a path to increasing UK defence spending to 2.5% of GDP....
Spirax-Sarco Engineering (LON:SPX) Price Target and Market Performance Insights
December 19, 2024 01:27 AM AEDT| By Team Kalkine MediaHighlights,Analyst,Average 12-month target price set at GBX 8,672.50 for Spirax-Sarco Engineering (SPX).,Market Movement,Shares traded down 1.7%, opening at GBX 7,020 with significant annual highs and lows.,Operational Focus,Provides thermal and flui...
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Goodwin PLC's Ownership Structure A Breakdown of Stakeholders and Market Implications
December 19, 2024 01:14 AM AEDT| By Team Kalkine MediaHighlights,Goodwin PLC (GDWN) reaches a market cap of UK£542 million, benefiting private and institutional shareholders.,Private companies hold the largest stake, with 50% ownership, offering potential for significant gains or risks.,Institutional ow...
BAE Systems' Strong Order Pipeline Underpins Positive Outlook for 2025
December 18, 2024 04:27 AM AEDT| By Team Kalkine MediaHighlights:,Revised Target Price:,Deutsche Bank lowered its target to 1,510p while reaffirming a ‘buy’ rating.,Order Growth Outlook:,Strong 2025 order intake is expected, led by Foreign Military Sales (FMS) and Eurofighter orders.,Global Exposure Str...
Inspired PLC Secures £21 Million Oversubscribed Equity Raise, Boosting Growth Prospects
December 18, 2024 04:27 AM AEDT| By Team Kalkine MediaHighlights:,Successful Fundraising:,Inspired PLC closed an oversubscribed £21 million equity raise at a premium.,Cornerstone Support:,GHAM and Regent Gas took the majority of the stock, alongside significant director participation.,Strong Outlook for...
Royal Mail Owner IDS Receives Upgrade as EP Group Takeover Nears Approval
December 18, 2024 04:27 AM AEDT| By Team Kalkine MediaHighlights:,Broker Upgrade:,Panmure Liberum upgrades IDS to "hold" and raises its target price to 368p following takeover news.,Golden Share Concerns:,Analysts question the government’s use of a golden share to safeguard national interests.,Service C...
Rolls-Royce Upgraded by Deutsche Bank Amid Promising Outlook and Sector Growth
December 18, 2024 04:27 AM AEDT| By Team Kalkine MediaHighlights:,Target Price Boosted:,Deutsche Bank raised Rolls-Royce’s share price target to 630p, citing improved cash flow and earnings estimates.,Transformation Programme Key:,Progress in Rolls-Royce’s transformation plan is vital to align with riva...
Royal Mail’s Future Under Foreign Ownership: Government Greenlights Kretinsky’s Takeover
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Government Approval Secured:,Daniel Kretinsky's £3.6 billion bid for Royal Mail gains conditional approval under national security laws.,Binding Commitments Required:,Assurances include maintaining the universal service obligation, UK hea...
Royal Mail Faces £10.5 Million Fine Amid Delivery Failures and Leadership Changes
December 13, 2024 09:48 PM AEDT| By Team Kalkine MediaHighlights:,Royal Mail fined £10.5 million by Ofcom:,The penalty stems from missed delivery targets in the 2023/24 financial year.,Performance below required benchmarks:,First and Second Class mail delivery rates significantly lagged behind regulator...
International Consolidated Airlines Group (LON:IAG) Receives Upgraded Stock
December 13, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,Deutsche Bank upgrades International Consolidated Airlines Group (IAG) to a rating.,Target price raised from GBX 215 to GBX 400, indicating a potential upside of 37%.,Stock performance shows volatility with recent lows and highs within the...
Severfield (LON:SFR) Stock Crosses Below 200-Day Moving Average
December 13, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,Severfield’s (SFR) share price fell below the 200-day moving average.,Stock volume during Thursday's session was 746,808 shares traded.,Dividend announcement reflects a payout yield of 1.61%.,Severfield plc (LON:SFR), a leading structural...
SThree Issues Profit Warning for 2025 Amid Market Challenges
December 12, 2024 10:26 PM AEDT| By Team Kalkine MediaHighlights:,SThree forecasts a significant profit dip for 2025, with expectations of £25 million pre-tax profit versus £66 million previously projected.,Weak client demand and macroeconomic uncertainty cited as factors delaying new business activity....
EasyJet Insider Activity and Market Dynamics
December 12, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,Insider Kenton Jarvis acquired 26 shares of easyJet plc (EZJ).,easyJet’s stock has fluctuated between a 52-week low of GBX 404.70 and a high of GBX 591.07.,The company announced a dividend increase for March 2024, signaling potential confi...
Insider Activity and Stock Performance of Melrose Industries PLC (LON:MRO)
December 12, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,Insider David Lis sold 7,950 shares of Melrose Industries (MRO) on December 9, 2024.,Melrose’s stock shows volatility, with a 52-week low of GBX 413.58 and a high of GBX 681.20.,Analysts have varied outlooks on the stock, with target price...
AI on the Rise: A Look at Top AI Companies and Their Stocks