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    BA.   GB0002634946

BAE SYSTEMS PLC

(BA.)
  Report
Real-time Estimate Cboe Europe  -  08:23 2022-12-09 am EST
821.40 GBX   -1.20%
07:26aJapan, Britain and Italy to build jet fighter together
RE
06:26aUK, Japan, Italy fighter jet project door still open to others: BAE CEO
RE
12/08Japan, Britain and Italy to build joint jet fighter
RE
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London stocks slip with focus on Fed decision

09/21/2022 | 03:29am EST
FILE PHOTO: Pedestrians leave and enter the London Stock Exchange in London

(Reuters) - UK's benchmark FTSE 100 dipped on Wednesday as investors assessed the likelihood of another aggressive interest rate hike from the U.S. Federal Reserve later in the day.

The blue-chip FTSE 100 and the domestically focussed mid-cap index slipped 0.2% each by 0706 GMT, tracking weakness in their European and Asian peers.

Banks slipped 0.7% while consumer staples such as Diageo and Unilever fell 0.8% and 0.5%, respectively, and weighed most on the benchmark index.

Capping losses on the commodity-heavy index, oil majors BP and Shell climbed 0.7% and 1%, respectively, as crude prices rose on supply concerns. [MET/L]

Worries of a global economic slowdown lingered ahead of an expected 75-basis-point interest rate hike by the U.S. Fed around 1800 GMT, weighing on commodities and the broader market.

Financial markets expect the Bank of England to follow suit on Thursday, pricing in a 73.4% chance of a 75-basis-point increase in rates to 2.5%, and a 26.6% chance of a smaller 50-basis-point increase. [IRPR]

The sterling briefly dipped to its lowest against the U.S. dollar since 1985 after data showed Britain's budget deficit was bigger than expected in August.

Shares of BAE Systems gained 3.7%, tracking upbeat defence peers in Europe, after Russian President Vladimir Putin ordered Moscow's first military mobilisation since World War Two.

(Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Sherry Jacob-Phillips)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.23% 0.67894 Delayed Quote.-7.37%
BAE SYSTEMS PLC -1.15% 821.4 Delayed Quote.51.22%
BRENT OIL -0.08% 76.4 Delayed Quote.-1.85%
BRITISH POUND / AUSTRALIAN DOLLAR (GBP/AUD) 0.22% 1.80982 Delayed Quote.-2.59%
BRITISH POUND / CANADIAN DOLLAR (GBP/CAD) 0.55% 1.67294 Delayed Quote.-2.50%
BRITISH POUND / JAPANESE YEN (GBP/JPY) -0.25% 166.757 Delayed Quote.6.91%
BRITISH POUND / NEW ZEALAND DOLLAR (GBP/NZD) -0.02% 1.91846 Delayed Quote.-2.83%
BRITISH POUND / SWISS FRANC (GBP/CHF) 0.13% 1.14676 Delayed Quote.-7.02%
BRITISH POUND / US DOLLAR (GBP/USD) 0.44% 1.22883 Delayed Quote.-9.76%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.10% 0.73449 Delayed Quote.-7.41%
DIAGEO PLC -0.42% 3759 Delayed Quote.-6.44%
EURO / BRITISH POUND (EUR/GBP) -0.41% 0.85901 Delayed Quote.2.46%
EURO / US DOLLAR (EUR/USD) 0.03% 1.05561 Delayed Quote.-7.55%
FTSE 100 0.09% 7478.38 Delayed Quote.1.19%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.03% 0.012149 Delayed Quote.-9.45%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.42% 0.6405 Delayed Quote.-7.09%
UNILEVER PLC -0.32% 4146 Delayed Quote.5.46%
WTI -0.19% 71.922 Delayed Quote.-3.72%
All news about BAE SYSTEMS PLC
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Analyst Recommendations on BAE SYSTEMS PLC
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Financials
Sales 2022 22 975 M 28 080 M 28 080 M
Net income 2022 1 530 M 1 871 M 1 871 M
Net Debt 2022 2 862 M 3 498 M 3 498 M
P/E ratio 2022 16,9x
Yield 2022 3,20%
Capitalization 25 601 M 31 290 M 31 290 M
EV / Sales 2022 1,24x
EV / Sales 2023 1,16x
Nbr of Employees 91 400
Free-Float 92,9%
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Technical analysis trends BAE SYSTEMS PLC
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 831,40 GBX
Average target price 922,30 GBX
Spread / Average Target 10,9%
EPS Revisions
Managers and Directors
Charles Nicolas Woodburn Group Chief Executive Officer & Director
Brad Greve Group Finance Director & Director
Roger M. Carr Chairman
Julian Frederick Charles Cracknell Chief Technology & Information Officer
Marc Gomes Casseres Vice President-Operations
Sector and Competitors