Engineering services firm Babcock has secured a three-year, £225m extension to its existing support contract with Canada's fleet of four Victoria Class submarines.
Babcock International said it was positioned for further growth as the defence contractor posted record annual profit.
G4S: Kepler Cheuvreux initiates at buy with at a target price of 310p.
JustEat: JP Morgan downgrades to underweight with a target price of 656p.
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.
Outsourcing group Capita has shelved its dividend and plans a rights issue this year, alongside select disposals as new boss Jon Lewis finds the business "too complex", inflexible and indisciplined in structure and "short-term" in focus.
Engineering services company Babcock International has been awarded a "significant" national contract by the Italian Ministry of Interior for a fully outsourced aerial firefighting service.
Babcock on Monday said it would lead a bespoke team of industry partners in a bid for the UK Ministry of Defence's new £1.25bn Type 31e general purpose light frigate programme.
Babcock International has announced the retirement of Bill Tame, the engineering services group's chief executive of global growth and operations.
Babcock subsidiary Cavendish Nuclear, the UK's largest nuclear services business, has been awarded a 10-year contract to supply Sellafield with specialist handling and containment systems to process nuclear material.
Babcock on Monday said the adoption of new accounting rule IFRS 15 would not require a change in contract revenue or profit recognition.
Analysts at Morgan Stanley have downgraded their recommendation on Babcock on the back of both sector-wide and company specific headwinds pertaining to the company's growth prospects and margins, in particular.
Royal Mail: Deutsche Bank downgrades to Sell with a target price of 359p.
DS Smith, Just Eat and Halma will join the FTSE 100 next month after the latest quarterly index reshuffle was confirmed, with ConvaTec Group, Merlin Entertainments and Babcock International Group all demoted to the FTSE 250.
Thomas Cook: Berenberg downgrades to Sell with a target price of 100p.
Goldman Sachs has removed engineering and outsourcing group Babcock International from its Conviction List following the company's first-half results, in which it cut FY19 growth to the low end of its mid-single digit target range due to delays in some land government contracts.
Just Eat, DS Smith, Wood Group and Halma could gain a prestigious promotion to the FTSE 100 index in the quarterly reshuffle that will be decided next week.
Support services group Babcock International said it was "continuing to deliver" in its half-year report on Tuesday, with a £146m increase in underlying revenue to £2.64bn - a 6% improvement year-on-year.
Engineering services company Babcock has been awarded three "significant" new regional contracts by the UK Ministry of Defence to provide technical support services to the Royal Air Force.
Babcock reiterated its guidance for the year on Wednesday as it said trading has been in line with its expectations.