Company
Babcock International PLC
LON:BAB
Babcock is a FTSE 100 defence company operating in our focus countries of the UK, Australasia, Canada, France and South Africa, with exports to additional markets with potential to become focus countries. We meet our customers’ key requirements of affordability, availability, and capability by delivering engineering, support and critical systems to defence and civil markets.
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Babcock International maintains full-year guidance driven by strong order book
Interim revenue totalled £2.14bn compared to a restated figure of £2.13bn last year while pre-tax profits fell to £51.2mln, down from a restated figure of £58.8mln
Babcock completes takeover of Australian naval joint venture
Defence contractor will spend £32mln to buy remaining 50% stake in Australian Naval Ship Management
Babcock sells UK power business for £50mln
The sale is part of Babcock’s plan to streamline its business
Transatlantic Tuesday with British American Tobacco and US-focused Ashtead on the agenda
Some economic data in the form of UK retail sales and house price data fills out the day's agenda
Archive
FIVE at FIVE: Copper buzz for 2022, cryptos hit by the Grinch, how to bet on BT and house builders (oh, and the FTSE)
Here’s Proactive’s round-up of the day’s news with helpful links taking you our up-to-the-minute news analysis.
Babcock International shares: Is it now plain sailing for investors? Take a look at what this investment bank has to say
A builder of aircraft carriers and submarines is headed for calmer waters, according to a leading City bank.
Builders and building materials
Babcock to offload Frazer-Nash Consultancy for £293mln
The deal is part of a disposal programme to raise at least £400mln
Babcock’s new management have credible turnaround plan, says JP Morgan
Analysts at the bank said the defence firm's plans to sell five businesses over the next 12 months will provide "near-term pain, long-term gain" for the group
Babcock shares tumble on losses and cautious outlook
"We have a plan in place to strengthen the group without the need for an equity issue,"
Babcock and the rights issue that never was
The changes announced today after the newish CEO's strategic review bear a startling resemblance to the changes being called for by mysterious short-seller Boatman Capital in 2018 and 2019
Babcock shares rally amidst restructuring aimed to avoid equity raise
“Through self-help actions, we aim to return Babcock to strength without the need for an equity issue,” said chief executive David Lockwood.
Babcock sinks as Barclays double-downgrades its rating to 'underweight' from 'overweight'
The bank also slashed its target price for the FTSE 250 listed firm's shares to 145p from 347p, with the stock currently trading at 207.10p
Babcock sinks as it continues to withhold guidance, profits drop by a third
The defence firm highlighted more weakness in its civil aviation business due to the COVID-19 pandemic, adding that it has begun a “detailed review” of its balance sheet and contract profitability
Babcock International holds fire on dividend as profits plunge
The order book decreased to circa £17bn from the year-end level of £18bn