BAE Systems (BA/ LN) FY (GBP): Underlying EBIT 3.32bln (exp. 3.27bln), Div/shr 36.3p (exp. 35.5p), Revenue 30.7bln (exp. 30.7bln); guides FY26 underlying EBIT +9-11%, Revenue +7-9%
BAE Systems reported a strong FY with underlying EBIT surpassing expectations, indicating robust operational performance.
Additional European Equity News
Mohamed A. El-Erian writes, following the dovish UK jobs report earlier in the week, "today's inflation numbers reinforce the likelihood that the Bank of England will resume interest rate cuts next month."
BAE Systems (BA/ LN) FY (GBP): Underlying EBIT 3.32bln (exp. 3.27bln), Div/shr 36.3p (exp. 35.5p), Revenue 30.7bln (exp. 30.7bln); guides FY26 underlying EBIT +9-11%, Revenue +7-9%
Iran and Russia are reportedly said to conduct navy drills in the Sea of Oman and Northern Indian Ocean on February 19th
Glencore (GLEN LN) FY (USD): Revenue 247.5bln (exp. 233.9bln); Adj. EBITDA 13.51bln (exp. 13.22bln), Adj. EBIT 5.98bln (exp. 5.72bln), is to return USD 2bln to shareholders
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The positive guidance for FY26 suggests management is confident in continued growth, likely boosting investor sentiment in the defense sector. This could benefit both BAE's stock and sentiment in related equities as investors assess the resilience and growth potential of defense spending.
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