BAE Systems

Ticker BA.

Today's data summary

Market closed
% change
-0.06%
Price Pence
628.40
Change
-0.40
As of 22:17 22 Sep 2018
Market cap. Pound sterling
20,070.79 million
As of 22:17 22 Sep 2018

Latest updates

Fire crews called after smoke alert in submarine at yard

Fire crews were called to the BAE shipyard last night after the engine room on a submarine in Barrow docks filled with smoke.

The incident happened just after 19:00 last night but details have only just been made public.

The boat, Audacious, was evacuated while the smoke was cleared, and the civilian firefighters from Barrow, Walney and Ulverston left the scene after 50 minutes.

A BAE spokesman said the Cumbria fire service was called as a precaution but the incident was dealt with by staff on the scene before they arrived, and that no one was hurt and no damage was caused.

Ellie's smile says she's got the A grades she needs

Students across Cumbria are opening envelopes today to see if they have the A level grades they need for the next step in gtheir careers or education.

Ellie Nicholson opening A levels envelope
BBC

Ellie Nicholson was the first to open her envelope at Barrow Sixth Form College, to find she had A*, A and C, more than enough for her apprenticeship at BAE.

TUI Travel tops FTSE fallers

TUI plane
Getty Images

Holiday group TUI Travel led the FTSE 100 fallers on Monday morning after its shares fell 3.4% to £15.11.

In subdued trading, BAE Systems is the morning's biggest riser, up 1% at 631.8p.

The FTSE 100 is down 0.7% at 7,614.8 points.

On the mid-market FTSE 250, shares in fund manager Ashmore fell 5.4% to 337.4p.

Shipping services group Clarkson led the risers, up 7.3% to £27.65 reporting a fall in interim pre-tax profits and a "challenging trading environment".

The FTSE 250 is down 0.56% at 20,552.5 points.

Good morning!

Welcome to Business Live and the first day of August.

The first of the major UK retail banks - Lloyds Banking Group - will report its interim figures at 7.00am. It will be followed by Barclays on Thursday and RBS on Friday.

Defence giant BAE Systems will show investors on its latest financials this morning as will high street retailer Next which will publish a trading update.

Later on Tesla - the electric carmaker headed by Elon Musk- will reveal figures. After Tesla asked suppliers for refunds, its shareholders will be asking a lot of questions.

The Federal Reserve is holding its rate-setting meeting but no change is expected.

As always, we'd love to hear from you. Email us at bizlivepage@bbc.co.uk

Opposition over BAE sites

Lee Blakeman

Journalist, BBC Radio Stoke

There are calls for plans for four new warehouses near Alsager to be scrapped.

BAE Systems wants to build the units close to its Radway Green munitions factory.

Dozens of people have objected to the plans, which go before Cheshire East Council next month.

Sites proposed in Alsager, BAE Systems
Cheshire East Council

BAE Systems says it held a public consultation where it listened to opinions from the local community, and considered those as part of its planning application.

New fighter jet set to be unveiled

Today Programme

BBC Radio 4

BAE's Typhoon fighter jet
Getty Images

More from the Farnborough Airshow now and in a couple of hours defence minister Gavin Williamson is due to unveil a model of the UK's new fighter jet, which will eventually replace the Typhoon.

On Today, BAE chief executive Charles Woodburn was asked about the new generation of fighter aircraft.

He said the company had developed a range of concepts", one of which would be revealed today. "It's not just the airframe, it's all of the sensors, the avionics, the technologies that go with that.

"We already have the Typhoon platform which forms the absolute bedrock of European air defence and that'll be in service for decades to come

"The important thing about the new concept is that it will illustrate a direction of travel and many of those technologies that will be embodied in that will first see their service through the Typhoon. For example, upgrades on the avionics, upgrades in the weapons systems, upgrades in the radar will be deployed through the Typhoon and will be deployed there and then... in the mid-2030s when we're looking to deploy a new fighter capability that will be the sort of time that we'll see those come through."

Warships deal boosts BAE shares

BAE Systems conference
Getty Images

BAE Systems is trading around 2.5% higher this morning, after confirming a deal to make nine warships for Australia.

The contract will see BAE take a share of the country's £19.6bn defence budget.

Lucy MacDonald, Chief Investment Officer of Global Equities at Allianz Global Investors, told BBC Radio 4's Today programme the deal should lead to around 2% earnings growth for the company over two years.

Glasgow arms fair draws protest
Protesters have gathered outside a controversial military defence fair in Glasgow.