MARKET TALK: Babcock Reports Good Start To Year - Arden

8th Jul 2010 08:00

0700 GMT [Dow Jones] Babcock (BAB.LN) has reported a good start to the year, with cash generation remaining strong and debt reducing, says Arden Partners. Notes the order book has remained stable at GBP8.3B, with no changes to workload coming through. Says the VT Group (VTG.LN) bid is expected to complete Thursday following a final court hearing and the increased scale and capabilities are expected to enhance the group's growth opportunities. "The shares remain fundamentally undervalued compared to other major support services companies." Has the stock at buy. Shares +0.8% at 624p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 08, 2010 03:00 ET (07:00 GMT)