|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||1.74 - 1.74|
|52-week range||1.74 - 1.74|
|PE ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
Former Airbus UK President Paul Kahn is set to be appointed to a top sector position at Cobham Plc, helping Chief Executive David Lockwood lead a turnaround of the struggling British defence supplier, ...
Paul Kahn, the former boss of Airbus's UK operations, is to resurface in a senior role at Cobham (Other OTC: CBHMF - news) , the embattled defence and aerospace group. Mr Kahn has been a vocal critic of Britain's decision to leave the European Union, arguing during his time at Airbus that the company would have no choice but to relocate some of its 15,000 UK-based jobs. Cobham was forced to turn to investors to raise £500m in a rights issue in May, and is now looking to offload a number of divisions to raise further capital.
British aerospace and defence electronics group Cobham (Other OTC: CBHMF - news) said it may sell two wireless businesses in the next stage of its turnaround plan. Chief Executive David Lockwood, who took over in December after a string of profit warnings left the group in a precarious position, said there was little overlap between the Wireless and AvComm units and the rest of the business, and there were a number of options for the units, including a sale or a joint venture. The Wireless unit, which does 5G mobile network testing, and communications equipment maker AvComm, together account for around 10 percent of Cobham's revenue.
** Aerospace and defence company Cobham's shares up 5.2 pct, near top of Stoxx 600 ** H1 sales rose from 917 mln stg to 1.003 bln stg, a beat according to brokers in pre-market; co backs its FY guidance ...
Cobham, the struggling British aerospace and defence electronics company, said on Thursday it was reviewing the future of its wireless business, which accounts for 10 percent of revenue, in the next stage ...
British police on Monday said they were attending an incident at a motorway service station on the busy M25 in Surrey, just outside of London. "We are currently dealing with an incident at Cobham ...
British aerospace and defence electronics company Cobham (Other OTC: CBHMF - news) said first-quarter trading was in line with expectations on Thursday, seeking to reassure investors that it could recover from a string of profit warnings. A sharp downturn in Cobham's performance over the past year and a half has forced the group to turn to shareholders to raise cash in a rights issue. Cobham also said last month it was being investigated by the UK's Financial Conduct Authority in connection with its handling of inside information ahead of a trading update and announcement of an earlier rights issue in April last year.
British aerospace and defence electronics company Cobham (Other OTC: CBHMF - news) , which is being investigated by the country's Financial Conduct Authority, said on Tuesday it would raise 512.4 million pounds ($642.6 million) in its latest rights issue. The company launched the emergency rights issue earlier this month, to shore up its balance sheet after a "deeply disappointing" operating performance in 2016. "This rights issue will significantly strengthen Cobham's balance sheet and, together with other actions, will provide us with a sustainable platform for the future," Chief Executive David Lockwood said in a statement.
GKN (Frankfurt: 694194 - news) , the FTSE-100 automotive and aerospace group, is kicking off a search for a successor to its veteran chief executive in a move that will herald fresh leadership at one of Britain's industrial powerhouses. Sky News has learnt that GKN's board has appointed headhunters to identify a successor to Nigel Stein, who has run the company since 2012. Mr Stein's departure is not thought to be imminent, and may not take place until next year, according to insiders.
British engineer Cobham (Amsterdam: CH6.AS - news) said it would raise 500 million pounds ($614 million) in a rights issue to put the company on a stronger footing after a "deeply disappointing" performance in 2016. "Given the reality of Cobham (Other OTC: CBHMF - news) 's current financial performance and our high leverage coming into the year, we have announced actions today to strengthen the balance sheet," Chief Executive David Lockwood said on Thursday. Cobham, which is best known for its air-to-air refuelling technology, reported a statutory pretax loss of 848 million pounds, reflecting the impairments.
European equities fell on Thursday after seven straight sessions of gains, with weaker metal prices weighing on miners and a poor update battering shares in engineering group Cobham. Companies like NN ...
Britain's top share index retreated from a one-month high on Thursday, weighed down by a fall among oil firms and those trading ex-dividend, while mid-cap engineer Cobham slumped after results. The blue-chip ...
British engineer Cobham (Other OTC: CBHMF - news) said it would have to take drastic action to turn around its fortunes after cutting its profit forecast for the fifth time in 15 months and warning 2017 could get even worse, wiping as much as a fifth off its market value. New Chief Executive David Lockwood said on Thursday he would set out plans on March 2 to help the company, best known for its air-to-air refueling technology, to fight back from an ill-fated acquisition, contract problems, tough markets and high debts. "Investors are ditching the stock as it looks like the problems at Cobham go further than anyone realised," said Neil Wilson (Oslo: WILS.OL - news) , senior market analyst at ETX Capital.
Britain's top share index retreated from a one-month high on Thursday, weighed down by a fall among mining firms and those trading ex-dividend, while mid-cap engineer Cobham slumped after results. The ...
European shares steadied on Thursday after rising for the past seven sessions, with gains in airlines stocks offset by weaker miners and a slump in British engineering group Cobham following a poor update. ...
British engineering group Cobham (Amsterdam: CH6.AS - news) said it would take a 150 million pound ($187 million) charge on its work on Boeing (NYSE: BA - news) 's troubled KC-46 tanker program and downgraded its likely 2016 trading profit again. The company said on Thursday its trading profit for 2016 was expected to be 225 million pounds, after deducting 20 million pounds of year-end adjustments from the forecast given last month. Cobham (Other OTC: CBHMF - news) said "undoubted" uncertainties in the market meant its ability to forecast its performance was not as strong as it should be, and it was difficult to predict the year ahead.
HSBC has said it is to shut a further 62 UK branches in 2017, just weeks after a report said the bank had led the sector in site closures over the past two years. The lender, which used to style itself ...