Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  BAE Systems    BA.   GB0002634946

BAE SYSTEMS (BA.)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

BAE, financials pick FTSE up from four-month low

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/18/2017 | 05:55pm CET
Pedestrians leave and enter the London Stock Exchange in London

LONDON (Reuters) - The UK's top share index advanced on Monday, rebounding from the previous session's four-month low as shares in financials rose and higher oil prices boosted energy shares, while late comments from Bank of England governor Mark Carney helped cement gains.

The blue-chip FTSE 100 <.FTSE> index was up 0.5 percent at 7,253.28 points, joining a broader rally in risky assets across European bourses.

Last week a surge in sterling to its highest level since the Brexit vote sent the FTSE 100 to its lowest since the end of April, as its predominantly international, dollar-earning firms were hit.

On Monday the pound eased back, extending losses after afternoon comments from Bank of England governor Mark Carney reiterating that the central bank would raise rates in the coming months, but adding that hikes would be limited and gradual.

Sterling's slide boosted the FTSE to end at a session high.

"The prospect of a softer Brexit and rising expectations of an interest rate hike could lead to a further appreciation of the GBP against the EUR. Conversely, a stronger GBP is weighing on UK equities," analysts at Credit Suisse Wealth Management said in a note.

"We remain negative on UK equities given their high overseas exposure."

Financials, which tend to be more volatile than other sectors, added the most to gains, with shares in HSBC (>> HSBC Holdings), Standard Chartered (>> Standard Chartered) and Barclays (>> Barclays) gaining 0.5 percent to 1.6 percent.

Other cyclical sectors, such as energy, also rose, with heavyweights BP (>> BP) and Royal Dutch Shell <RDSa.L> both up 0.7 percent as oil prices hit $50 per barrel. [O/R]

Defence firm BAE Systems (>> BAE Systems) was among the biggest individual risers, jumping 4.2 percent after Qatar signed a deal to buy 24 Typhoon aircraft from the company.

"We believe the market was not expecting a Qatar order for Eurofighter – considering its previous orders for Rafales and F-15 military jets," analysts at UBS said in a note.

"Furthermore we believe the market could now allocate a higher probability for further orders from new/existing customers going forward," UBS analysts added.

Engineering firm GKN (>> GKN) was another top gainer, jumping around 3 percent following an upgrade from Exane BNP Paribas to "neutral" from "underperform", with the broker citing benefits from possible future disposals.

Defensive shares including tobacco companies Imperial Brands (>> Imperial Brands) and British American Tobacco (>> British American Tobacco) and precious metals miner Randgold Resources (>> Randgold Resources) brought up the rear on the FTSE.

Among mid-caps a jump in esure's (>> Esure Group PLC) shares helped the index <.FTMC> gain 0.3 percent.

Shares in esure soared 6.1 percent following a media report that the insurer's biggest shareholder Peter Wood was looking to sell his 30.8 percent stake.

Shares in Provident Financial (>> Provident Financial) fell 5.5 percent, taking their year-to-date losses to 74 percent, fresh from the company's demotion to the mid-cap index.

A trader said its slide could be related to the index change and souring investor sentiment after RBC downgraded the stock last week.

(Reporting by Kit Rees and Helen Reid; Editing by Andrew Roche)

By Kit Rees and Helen Reid

Stocks mentioned in the article
ChangeLast1st jan.
BARCLAYS -0.57% 209.8 Delayed Quote.3.30%
BP 0.46% 476.1 Delayed Quote.-8.92%
BRITISH AMERICAN TOBACCO 2.42% 4460 Delayed Quote.-11.12%
ESURE GROUP PLC -0.26% 231.6 Delayed Quote.-6.80%
FTSE 100 INDEX 0.28% 7234.11 End-of-day quote.-5.90%
GKN 0.35% 426.5 Delayed Quote.33.53%
HSBC HOLDINGS -0.65% 723.4 Delayed Quote.-5.67%
IMPERIAL BRANDS 0.19% 2614.5 Delayed Quote.-17.42%
PROVIDENT FINANCIAL -0.06% 656.6 Delayed Quote.-26.88%
RANDGOLD RESOURCES -1.89% 6014 Delayed Quote.-18.84%
STANDARD CHARTERED -0.05% 829.6 Delayed Quote.6.35%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BAE SYSTEMS
02/23BAE : Patent Application Titled "Improvements in and Relating to Drivers" Publis..
AQ
02/23BAE : Al's Specialties achieves Supplier of the Year
AQ
02/23BAE : Cammell laird and bae systems showcase 'huge' export potential of type 31e..
AQ
02/23BAE : Sales and profits up at BAE but orders fall
AQ
02/23BAE : profits dip with earnings expected to flatline in 2018
AQ
02/23BAE : Correction to BAE Systems Earnings Article Thursday
DJ
02/23BAE : dented by flat 2018 forecast
AQ
02/22BAE : chief sees encouraging outlook for Typhoon orders in Middle East
AQ
02/22BAE : Misses Profit Forecast But Sees U.S. Growth Potential -- Earnings Review
DJ
02/22BAE : 16-- The Government intends to solicit and negotiate with only one source,..
AQ
More news
News from SeekingAlpha
02/23BAE Systems PLC ADR 2017 Q4 - Results - Earnings Call Slides 
02/22BAE Systems PLC ADR reports FY results 
01/30Tweedy, Browne Fund Q4 2017 Commentary 
01/12MY INVESTMENT PERFORMANCE IN 2017 : A Very Long Review 
01/05Pick commercial aerospace over defense - Bernstein 
Financials ( GBP)
Sales 2018 19 245 M
EBIT 2018 2 012 M
Net income 2018 1 116 M
Debt 2018 1 133 M
Yield 2018 3,74%
P/E ratio 2018 16,65
P/E ratio 2019 15,72
EV / Sales 2018 1,06x
EV / Sales 2019 1,02x
Capitalization 19 270 M
Chart BAE SYSTEMS
Duration : Period :
BAE Systems Technical Analysis Chart | BA. | GB0002634946 | 4-Traders
Technical analysis trends BAE SYSTEMS
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 6,52  GBP
Spread / Average Target 8,4%
EPS Revisions
Managers
NameTitle
Charles Nicolas Woodburn Chief Executive Officer & Director
Roger M. Carr Chairman
Peter J. Lynas Executive Director & Group Finance Director
Steve N. Millward Chief Information Officer
Harriet Green Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
BAE SYSTEMS-1.40%26 869
UNITED TECHNOLOGIES CORPORATION1.32%103 379
LOCKHEED MARTIN CORPORATION11.22%101 966
AIRBUS SE17.71%93 046
GENERAL DYNAMICS8.50%65 548
RAYTHEON14.88%62 260