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Financial Time (Free subscription) | 07/01/2008
... May-02“It could end up as quite an important deal for Babcock,” said Graham Webster, an analyst at Arden Partners. He said assuming “normal submarine margins of 10 per cent” the contract could “end up being quite a useful little earner over the next few years”.Under the contract, Babcock will provide in-service support for the country’s four Victoria class submarines. It marks the...
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Financial Time (Free subscription) | 06/30/2008
At its annual meeting in April the group was confident that profits would be at the top end of market expectations. However, after the statistics for May car registrations were published in early June, Citigroup and Arden Partners, the group’s brokers, slashed profit forecasts for 2008 and 2009 by more than 20 per cent.
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Financial Time (Free subscription) | 06/13/2008
... of stocks are trading well,” says David Larkam, an engineering analyst at Birmingham-based broker Arden Partners. “The immediate outlook is good, although what lies two to three months ahead is more uncertain.”For example, analysts fret over the outlook for the drinks dispenser division of IMI, a group capitalised at £1.6bn. A Citi research note, while rating IMI a high-risk buy,...
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The Independent (Free subscription) | 06/05/2008
... comes weeks after a number of failed deals in the sector. A £30m approach for Birmingham-based Arden Partners by Cenkos, the brokerage run by Collins Stewart founder, Andy Stewart, floundered, while Blue Oar, led by Oriel Securities founder Andrew Monk, recently failed in its approach for WH Ireland, although it did announce a small deal to buy Astaire & Partners for £1.7m...
