Bae 'Set for Shopping Spree' On Airbus Cash ; Market Report

Evening Standard - London (April 10, 2006)

Author: Sarah Marks

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Summary

IT SHOULD be a quiet week - a short week, certainly, with many City desks depleted by the Easter holidays. But those tantalising merger rumours are unlikely to go away.

Expect the spotlight to turn on midcap defence stocks such as Cobham, Meggitt, Smiths and Hampson. The rationale is that BAE's wallet, fattened by the proceeds of its Airbus stake sale, will have to be slimmed down by new acquisitions.

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Bae 'Set for Shopping Spree' On Airbus Cash ; Market Report

New Star Asset Management fund manager Tim Steer says BAE boss Mike Turner is, contrary to recent reports, still interested in Europe. "...

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