BAE Systems (BA.)

Sector:

Defense and Aeronautics

Index:

FTSE 100

1,562.50p
   
  • Change Today:
    -23.00p
  • 52 Week High: 1,673.00p
  • 52 Week Low: 1,145.00p
  • Currency: UK Pounds
  • Shares Issued: 3,013.19m
  • Volume: 940,545
  • Market Cap: £47,081m
  • RiskGrade: 108
  • Beta: 0.02

'No nuclear risk' from fire at BAE Systems shipyard

By Josh White

Date: Wednesday 30 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Shares in BAE Systems were in the red on Wednesday morning, as emergency services dealt with a fire at its Barrow-in-Furness nuclear submarine shipyard, briefly hospitalising two people and leading to the evacuation of the facility's main building, Devonshire Dock Hall.
According to the BBC, emergency services were alerted to the incident around 0044 GMT, while local residents nearby were urged to stay indoors and keep windows and doors closed.

The two individuals taken to the hospital with suspected smoke inhalation were later released, and all workers on site had since been accounted for.

Authorities confirmed there was "no nuclear risk" from the incident.

"Emergency services remain in attendance at BAE at a significant fire at the site - there is no nuclear risk," the Cumbria Constabulary said in a statement at 0815 GMT.

"Whilst people living nearby are no longer being advised to remain indoors, the message remains to keep doors and windows closed.

"If you are in a road vehicle and travelling within the vicinity of BAE, please close your vehicle's windows, air vents and sunroof and turn off fans. Turn off fans and air conditioning if you have them.

"People are also asked to avoid the area whilst emergency services continue with their work."

The blaze, which left visible smoke damage to the facility, impacted operations at the shipyard.

BAE instructed non-essential personnel at Devonshire Dock Hall to work from home for the day, while others were advised to report as usual and monitor the employee hotline for further updates.

Although the fire had reportedly been extinguished, the emergency response team, including the fire service, was expected to remain on-site throughout the day as a precaution.

BAE's Barrow-in-Furness site houses construction for both the Dreadnought-class submarines, intended to succeed the Vanguard-class in the early 2030s, and the final vessel in the Astute-class.

At 0851 GMT, shares in BAE Systems were down 2.03% at 1,253.5p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BAE Market Data

Currency UK Pounds
Share Price 1,562.50p
Change Today -23.00p
% Change -1.45 %
52 Week High 1,673.00p
52 Week Low 1,145.00p
Volume 940,545
Shares Issued 3,013.19m
Market Cap £47,081m
Beta 0.02
RiskGrade 108

BAE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.91% below the market average93.91% below the market average93.91% below the market average93.91% below the market average93.91% below the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Price Trend
86.11% above the market average86.11% above the market average86.11% above the market average86.11% above the market average86.11% above the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average
Income
51.15% below the market average51.15% below the market average51.15% below the market average51.15% below the market average51.15% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
8.12% above the market average8.12% above the market average8.12% above the market average8.12% above the market average8.12% above the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average

What The Brokers Say

Strong Buy 6
Buy 6
Neutral 6
Sell 2
Strong Sell 0
Total 20
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BAE Dividends

  Latest Previous
  Final Interim
Ex-Div 17-Apr-25 24-Oct-24
Paid 02-Jun-25 02-Dec-24
Amount 20.60p 12.40p

Trades for 02-Apr-2025

Time Volume / Share Price
11:46 112 @ 1,562.50p
11:46 34 @ 1,562.00p
11:46 767 @ 1,562.00p
11:46 210 @ 1,562.00p
11:46 2 @ 1,562.00p

BAE Key Personnel

CEO Charles Woodburn
Chair Cressida Hogg

Top of Page