Cobham PLC (COB.L)
27 May 2016
** 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
* CEO says problem at Wireless a "one-time" problem (Adds further comments from analyst call)
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.
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.
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.