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Cobham PLC (COB.L)

COB.L on London Stock Exchange

29 Jul 2016
Change (% chg)

-1.10p (-0.64%)
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Thu, Apr 28 2016

BUZZ-Cobham: struggles to lift off after profit warning

** Engineering firm Cobham -6.8%, the top Stoxx 600 industrial goods & services loser & on track for worst 3-day drop ever as two more brokerages cut TPs on stocks

UPDATE 3-Cobham profit warning forces emergency rights issue, shares sink

* CEO says problem at Wireless a "one-time" problem (Adds further comments from analyst call)

Cobham launches 500 mln stg rights issue after profit warning

LONDON, April 26 British engineering company Cobham proposed a 500 million pounds ($724.80 million) rights issue to strengthen its balance sheet after profit plunged in its first quarter, pushing it to reduce its debt.

UPDATE 1-Cobham sees earnings picking up in second-half 2016

March 3 British engineering firm Cobham Plc narrowly missed the earnings range it had hoped to achieve for 2015, and said earnings would pick up only towards the second half of 2016.

Cobham sees stable trading in defence business

March 3 British engineering firm Cobham Plc said it expected earnings to pick up in the second half of 2016, even as the company narrowly missed its earnings forecast for this year.

BRIEF-Cobham expects an earnings bias to second half of year

* FY underlying pretax profit 280 million stg versus 257 million stg year ago

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