Defence contractors such as Babcock, Ultra Electronics and QinetiQ were rattled by an official report that the budget to arm Britain's military could be facing a funding shortfall of anywhere between £4.9bn and £20.8bn.
Avon Rubber has received an order from the US Department of Defense for 47,000 M50 mask systems worth $12.6m.
British manufacturer Avon Rubber saw it operating profits rise to £25.8m in the year ending 30 September thanks to a 22.2% year-on-year increase in its order book.
Shares in Avon Rubber bounced more than 3% higher after winning a contract to supply about 37,000 of its FM50 respirators together with a range of related spares and accessories to an unnamed customer.
Shares in Avon Rubber rose more than 4% as investors liked its improved revenue, pre-tax profit and dividend for the half year.
Avon Rubber posted its audited results for the year to 30 September on Wednesday, with revenue up 6% to £142.9m.
The Times' Tempus doesn't think all the bad news from Royal Bank of Scotland is out yet.
Continuing soft conditions in the dairy market have hit Avon Rubber in the first quarter of the year, exacerbated by the timing of orders in the defence business.
Kaz Minerals: Goldman Sachs downgrades to sell, cuts target price to 110.00p.
Avon Rubber has completed the acquisition of Argus thermal imaging camera business from e2v technologies for £3.5m.
Avon Rubber bought an Italian dairy equipment producer in a 29.75m deal, sending shares upward.
Engineering group Avon Rubber has completed the acquisition of electronic control systems manufacturer Hudstar Systems for $5.1m.
Stella Pirie, non-executive director at Avon Rubber, on Monday sold 10,000 shares in the company at an individual price of 757.5p.
Broker WH Ireland is advising investors to inflate their portfolios with Avon Rubber after the maker of gas masks and milking equipment lifted its annual profits by 21.2% to £16.6m.
African Minerals: Canaccord Genuity lowers target price from 20p to 15p with a hold recommendation.
Anite: Investec places its target price (prev.: 90p) under review maintaining a hold recommendation.
ASOS: Goldman Sachs reduces target price from 6250p to 5750p, while upgrading to strong buy.
Consumer confidence registered a big jump last summer and has continued improving ever since. That is what the latest results from Howden Joinery seem to show. This is because consumers need to be quite confident before splashing out on an investment such as a kitchen. Furthermore, the company continues to invest in new depots, as it did throughout the downturn, adding about 30 per year. This is standing it in good stead as each new establishment typically takes about seven years to reach its full potential.
Strong sales of gas masks and a recovery in the dairy industry are set to inflate profits at Avon Rubber.
888 Holdings: Deutsche Bank lowers target price from 166p to 160p retaining its hold recommendation.