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Additional Information
Market: LSE
Sector: Support Services
EPIC: BAB
Latest Price: 1,145.00p  (0.79% Ascending)
52-week High: 1,173.00p
52-week Low: 787.00p
Market Cap: 4,145.72M
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Babcock International
www.babcock.co.uk
Deal Babcock International Tax Free* Losses can exceed
your initial deposit *subject to change and depends on individual circumstances.

Babcock International Group PLC is a leading support services company and a top 200 quoted company in the UK.

The company main clients are government departments and organisations whose activities are heavily regulated by government. Babcok manage, operate and maintain an extensive range of assets, both fixed and mobile, that are...

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Full Babcock International profile here
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Babcock International on track to meet full year expectations

July 05 2012, 10:34am Babcock International said the new financial year has started well as its markets remained buoyant

Babcock International (LON:BAB) is on track to hit its full year targets and achieve an improvement in its financial performance from the previous year.

In today's interim management statement, the engineering support services group said the new financial year has started well as its markets remained buoyant.

Since May, Babcock’s bid pipeline has increased to £13 billion from £9.5 billion, while the order book remains stable at £13 billion.

The current order book given the group “excellent” visibility of future revenues with around 80 percent of the anticipated revenue for the current year currently secured.

In addition to formal contract bids currently progressed, Babcock is in talks over a number of significant long term opportunities, which should come to the market over the next 12-24 months.

“We continue to see significant opportunities being created for the group in this economic climate, as customers seek to outsource more of their technical, engineering or training support requirements to drive increased efficiency and availability of their assets,” Babcock told investors.

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