Cobham PLC (COB.L)
18 Aug 2017
MILAN, Aug 3 UK blue chips rose to a one-week high on Thursday after the Bank of England kept rates on hold, hitting the pound and lifting export-oriented stocks accordingly.
* H1 sales beat expectations, shares rise 5 pct (Adds CEO comments, shares)
LONDON, Aug 3 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 of its turnaround plan.
* Commencement of Cobham/Aeroflex litigation in Kansas District Court; Trial is expected to be completed next month Source text for Eikon: Further company coverage:
March 28 British aerospace and defence electronics company Cobham, 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.
March 28 Aerospace and defence company Cobham said on Tuesday it would raise about 512.4 million pounds ($642.6 million) through its rights issue to pay down debt.
* Was informed orally by FCA that it was being referred for investigation
LONDON, March 27 British engineer Cobham is being investigated by the country's Financial Conduct Authority in connection with its handling of inside information ahead of a trading update and rights issue announcement in April last year, the company said.
* Says rights issue will reduce debt ratio, reassure customers
LONDON, March 2 British engineer Cobham 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.