IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCobham Share News (COB)

  • There is currently no data for COB

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Britain's FTSE bounces off lows after mining sector turnaround

Mon, 10th Aug 2015 14:59

* FTSE 100 flat

* Miners reverse falls after weak China data on stimulusbets

* esure falls sharply after results miss consensus (Adds detail, prices)

By Alistair Smout and Liisa Tuhkanen

LONDON, Aug 10 (Reuters) - Britain's top share indexrecouped early losses on Monday, as major mining stocks that hadbeen hit by weak data from China turned higher on hopes ofstimulus.

The blue-chip FTSE 100 index was down just 2.69points, flat in percentage terms, at 6,715.80 points by 1445GMT, trimming losses after gains in early trade on Wall Street.The index is up nearly 2 percent since the start of 2015 but issome 6 percent below an April record high of 7,122.74 points.

The moves came in thin trade of just three-quarters of the90-day average volume.

Miners, which account for around a tenth of the FTSE 100 interms of market capitalisation, recouped their early losses.While weak China data had hit copper, mired at a six-year low,it rallied on hopes that it may prompt further stimulus fromChinese authorities.

Jeremy Batstone-Carr, market analyst at Charles Stanley,remained cautious on the mining sector, and said that weak datamay result in China devaluing its currency.

"The pressure is rising on China to devalue ... which wouldsupport China's equity but not help metal prices or UK-listedminers," he said.

Oil stocks were some of the most heavyweight fallers,trimming five points off the index as the poor China data alsosent Brent crude to a six month low, before rebounding slightly.

Among mid caps, insurance company esure dropped 9.8percent after its interim results marginally missed analysts'consensus forecast, hit by weakness in its motor insurancebusiness.

"The company posted a massive 81 percent drop in tradingprofit from its motor insurance arm, decidedly offsetting a risein premiums in other areas of the business," Augustin Eden,analyst at Accendo Markets, said in a note. (Editing by Robin Pomeroy)

More News
8 Apr 2019 11:18

Cairn Energy Appoints Former BAE Executive Alison Wood To Board

LONDON (Alliance News) - Cairn Energy PLC on Monday said it has hired former BAE Systems PLC executive Alison Wood as non-executive director.Wood, who will join Cairn at the start of July,

Read more
14 Mar 2019 14:20

DIRECTOR DEALINGS: Cobham Unit Vice President Armstrong Sells Shares

LONDON (Alliance News) - Cobham PLC on Thursday said Paul Armstrong, senior vice president & general manager at Cobham Aviation Services UK, sold 34,457 shares at 116.84 pence.It has on

Read more
7 Mar 2019 08:56

Cobham To Reintroduce Payout As Most Divisions Post Solid Performance

LONDON (Alliance News) - Aerospace and defence firm Cobham PLC plans to bring back its dividend in 2019, it said Thursday, as it posted a rise in profit despite revenue falling.Cobham to 1

Read more
7 Mar 2019 07:37

Cobham reinstates progressive dividend

(Sharecast News) - Defence and aerospace outfit Cobham intends to reinstate a progressive dividend policy after strengthening its balance sheet in 2018.

Read more
28 Feb 2019 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 1 March  Rightmove Full Year ResultsWilliam HillFull Year Year Fund Year

Read more
19 Feb 2019 16:59

LONDON MARKET CLOSE: HSBC Results And Stronger Pound Keep FTSE Lower

LONDON (Alliance News) - The FTSE 100 spent a second consecutive session in the red on Tuesday with Asia-focused lender HSBC dragging on the index while the pound moved higher as UK Prime Minister

Read more
19 Feb 2019 07:39

Cobham to take £160m hit from Boeing dispute

(Sharecast News) - Aerospace engineer Cobham said it would take a £160m hit from its dispute with Boeing over the KC-46 aerial refuelling contract.

Read more
29 Nov 2018 15:05

Thursday broker round-up

(Sharecast News) - Cobham: Berenberg upgrades to buy with a target price of 124

Read more
29 Nov 2018 12:18

Cobham approaching 'turning point', says Berenberg

(Sharecast News) - Analysts at Berenberg upgraded technology and services innovator Cobham to 'buy' on Thursday, noting that a "turning point" in the aerospace and defence outfit's complex history was fast approaching.

Read more
19 Nov 2018 12:13

Monday broker round-up

(Sharecast News) - Sainsbury: Berenberg reiterates buy with a target price of 369p.

Read more
7 Nov 2018 16:18

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 8 November J SainsburyHalf Year ResultsBurberry GroupHalf Year HBCQ3 9

Read more
15 Aug 2018 14:44

Cobham says FCA dropping insider dealing investigation

(Sharecast News) - Defence group Cobham said on Wednesday that the Financial Conduct Authority has decided to discontinue its investigation into the company's handling of inside information.

Read more
3 Aug 2018 07:52

Cobham reports slump in half-year sales and profits

(Sharecast News) - Cobham saw sales slump over the first half of the year as it ran into trouble with Boeing on the KC-46 tanker programme.

Read more
30 Jul 2018 17:02

Cobham Appoints Former Rolls-Royce North America Head As Non-Executive

LONDON (Alliance News) - Defence company Cobham PLC said Monday it will appoint the former administrator of the US Federal Aviation Administration to its board.Effective later this week, on

Read more
27 Jul 2018 15:48

UK Earnings, Trading Statements Calendar - Next 7 Days

Monday 30 July CranswickTrading Statement DialightHalf Year GroupHalf Year

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.