Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  BAE Systems    BA.   GB0002634946

BAE SYSTEMS (BA.)
My previous session
Most popular
  Report  
Delayed Quote. Delayed  - 10/23 05:35:00 pm
536.2 GBp   -0.41%
06:03pBAE : announces £3.5m electric propulsion development
PU
10/22BELGIUM CHOOSES : Belga
RE
10/22Belgium chooses Lockheed's F-35 over Eurofighter -Belga
RE
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

BAE : UK PM’s Husband’s Capital Group Is Largest Shareholder in BAE, Shares Soar Since Syrian Airstrikes

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/18/2018 | 08:19pm CEST

The company, Capital Group, is also the second-largest shareholder in Lockheed Martin – a US military arms firm that supplies weapons systems, aircraft and logistical support. Its shares have also rocketed since the missile strikes last week, RT reported.

The fact has not gone unnoticed by some on Twitter, who agree that BAE Systems has done very well out of the UK-US-France allied airstrikes on Syria, which were sanctioned by May.

It has been reported that the UK’s contribution to military strikes was to fire eight ‘Storm-Shadow’ missiles at an alleged chemical weapons facility, each of which cost £790,000 ($1.13 million) – totaling £6.32 million ($9 million). The missiles were manufactured by BAE Systems.

May’s husband has worked as a relationship manager for the research investment company Capital Group since 2005.

The Tory-BAE links go even deeper, however. The former chancellor of the exchequer and present editor-in-chief at the Evening Standard, George Osborne’s other employer Black Rock is the fifth-largest shareholder in BAE Systems.

Figures revealed as of March 31, 2018 discover that the Capital Group has amassed over 360,000 shares in the company, up over 11 percent on the previous quarter, which may have contributed to a hefty rise in BAE’s share price, which currently stands at around 600p.

Philip May’s Capital Group was linked to the Paradise Papers scandal in 2017. News and current affairs magazine, Private Eye, suggested at the time that Philip May's company used offshore law firm Appleby to devise investments in tax havens.

When asked at the time of the scandal about her husband's role, a Spokesperson for Prime Minister told reporters that "Mr. May is involved in the development of Capital Group’s retirement solutions. He is not an investor but consults with other Capital associates on retirement products and solutions for clients.”

The latest news came on the back of a recent deal agreed by BAE Systems and the Saudi government for the provisional sale of 48 Typhoon jets to the Kingdom.

The deal was welcomed by the relevant government officials from the UK and Saudi Arabia, who said it would help safeguard jobs. However, it was criticized by arms campaigners worried about the ongoing war in Yemen.

Companies profiting from war – not a new concept, but many may question how this all sits with Philip May, the PM’s supposedly ‘closest political ally.’

(c) 2018 Fars News Agency. All rights reserved Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BAE SYSTEMS
06:17pBAE : Duke of York inspires graduate students in capital
AQ
06:03pBAE : announces £3.5m electric propulsion development
PU
10/22BELGIUM CHOOSES LOCKHEED'S F-35 OVER : Belga
RE
10/22Belgium chooses Lockheed's F-35 over Eurofighter -Belga
RE
10/19Trump to meet heads of Boeing, Lockheed, Northrop at Arizona air base
RE
10/19BAE : Defence Secretary welcomes Qatari counterpart to UK
AQ
10/19BAE : Demonstrates Software For US Military Cyber Security
AQ
10/18BAE : Ballard Fuel Cell Modules to Power Yard Trucks at Port of L.A. in CARB-Fun..
AQ
10/18BAE SYSTEMS : Ex-dividend day for interim dividend
FA
10/17BAE : Britain's BAE Systems to send senior representatives to Saudi conference
RE
More news
News from SeekingAlpha
10/19Trump set to meet Boeing, Lockheed, Northrop CEOs today in Arizona 
08/02BAE Systems PLC ADR 2018 Q2 - Results - Earnings Call Slides 
04/18Lockheed enhances German partnerships for 'must-win' military helicopter bid 
03/21Powell Enters The Spotlight, Salesforce Makes A Buy, Tesla Enters A Bear Mark.. 
03/21WALL STREET BREAKFAST : Jerome Powell In The Spotlight 
Financials (GBP)
Sales 2018 18 417 M
EBIT 2018 1 889 M
Net income 2018 1 100 M
Debt 2018 772 M
Yield 2018 4,14%
P/E ratio 2018 15,17
P/E ratio 2019 14,15
EV / Sales 2018 0,98x
EV / Sales 2019 0,91x
Capitalization 17 201 M
Chart BAE SYSTEMS
Duration : Period :
BAE Systems Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BAE SYSTEMS
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 6,95  GBP
Spread / Average Target 29%
EPS Revisions
Managers
NameTitle
Charles Nicolas Woodburn Chief Executive Officer & Director
Roger M. Carr Chairman
Peter John Lynas Executive Director & Group Finance Director
Nigel Whitehead Chief Technology Officer
Steve N. Millward Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
BAE SYSTEMS-6.04%22 678
UNITED TECHNOLOGIES CORPORATION0.87%103 164
LOCKHEED MARTIN CORPORATION2.21%93 408
GENERAL DYNAMICS-6.48%56 655
RAYTHEON1.68%54 673
NORTHROP GRUMMAN CORPORATION0.25%53 665