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• VT Group sells out of shipbuilding for Pounds 380m

  - 2009-01-29

  VT Group has brought forward its decision to sell out of its 150- year-old shipbuilding business because the current economic climate presents good opportunities for cash-rich companies looking for bargains. The group will sell its 45 per cent stake in BVT Surface Fleet to its joint venture partner,...

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• VT sets a sensible course to outsourcing

  - 2008-11-12

  Investment Column Our view: Hold for now Share price: 539.5p (-19p) Change is in the air at VT Group. In its previous incarnation as Vosper Thornycroft, the company has a rich history as one of the UK's premier naval ship builders. In the...

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• UK MoD Gives Green Light To Building Two Aircraft Carriers

  - 2008-05-22

  A joint venture between the United Kingdom's BAE Systems and the VT Group is expected to shortly sign a contract with the United Kingdom's Ministry of Defence MoD for the Royal Navy's next two super aircraft carriers, according to the MoD. The MoD announced Tuesday the...

  Tags: BAE Systems Plc., VT Group Plc.

• VT expects end to delays over Pounds 3.8bn aircraft carrier project

  - 2008-05-14

  VT Group expects the Ministry of Defence to end years of delays to the building of two Royal Navy aircraft carriers by giving the go- ahead to the 3.8bn programme "within weeks". The company was forced to extend the timeframe to consummate a shipbuilding venture with BAE Systems,...

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• EADS consortium clinches 13 billion pound air tankers contract

  - 2008-03-27

  LONDON AFP — European aerospace giant EADS and its partners on Thursday won a massive contract to replace Britian's ageing fleet of military inflight refueling tankers, just weeks after it scooped an even bigger US order. The contract, worth 13 billion pounds (16.6 billion euros, 26 billion dollars), was...

  Tags: EADS, Rolls-Royce, VT Group Plc.

• Main movers

  - 2008-01-25

  ARoyal Bank of Scotland 400.25p (up 33.75p, 9.21 per cent) Sentiment turns in favour of the banks. ARoyal & Sun Alliance 141.8p (up 9.6p,7.26 per cent) JP Morgan upgrades stock to "overweight". AAnglo American 2,729p (up 180p, 7.06 per cent) Upped to "buy" at Citigroup. ...

  Tags: Bank of Scotland, Citigroup Inc., VT Group Plc.

• VT Group close to carrier contract.

  - 2008-01-25

  VT Group says negotiations with BAE Systems are very advanced, while the government has given a signed commitment to the proposed terms of a business agreement to build two new aircraft carriers. Stephen Gunnion Worries about delays in a contract to build...

  Tags: BAE Systems Plc., VT Group Plc.

• VT sinks on delay talk.

  - 2008-01-14

  Shares in the ship builder and support services group fell on unconfirmed media reports that there could be a delay to its contract to build two new aircraft carriers. Stephen Gunnion Shares in VT Group fell over 8 per cent following media...

  Tags: BAE Systems Plc., VT Group Plc.

• VT Group enters waste management.

  - 2007-11-29

  VT Group has won its first waste management contract as it secures its position as a support services provider. Stephen Gunnion VT Group has been named preferred bidder on a large waste recycling contract, helping to cement its transition from ship building to support ...

  Tags: Stephen Gunnion VT Group, VT Group Plc.

• VT's Air Force deal faces delay

  - 2007-11-22

  Business News IN BRIEF --VT Group, a member of the consortium finalising a 13bn contract with the Air Force to supply mid-air refuelling planes, said the deal was now likely to be delayed until the first quarter of next year. Banks offering funds for the project are thought...

  Tags: Air Force, VT Group Plc.