Advertisement
UK markets closed
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • FTSE 250

    19,884.73
    +74.07 (+0.37%)
     
  • AIM

    743.26
    +1.15 (+0.15%)
     
  • GBP/EUR

    1.1692
    -0.0002 (-0.02%)
     
  • GBP/USD

    1.2615
    -0.0007 (-0.05%)
     
  • Bitcoin GBP

    55,675.26
    -234.71 (-0.42%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • CAC 40

    8,205.81
    +1.00 (+0.01%)
     

BUZZ-Ultra Electronics: Sparton deal off, shares tank

** British defence contractor Ultra Electronics (Frankfurt: 909716 - news) falls 12.1 pct in heavy volume

** Co terminates $234 million acquisition of Sparton Corp following an unfavourable anti-trust review outcome from the U.S. Department of Justice

** Ultra Electronics also says FY underlying operating profit fell to 120.1 mln pounds, from 131.1 mln pounds a year earlier, weighed down by lower defence orders in the UK

** "The Sparton news is likely to overshadow the results, which are as expected in profit terms and ahead on cash," Investec (LSE: INVP.L - news) says

** Co announces a 134 mln pound buyback

** ULE shares have fallen 35 pct since the deal with Sparton was announced in July last year

** Stock easily bottom performer on the FTSE 250 & most actively traded stock on the index