Babcock FY revenue rises but profit hit by frigate charge
22nd Jun 2026 07:47
(Sharecast News) - Babcock backed its FY27 expectations on Monday as it posted a rise in annual revenue but a dip in underlying operating profit as it took a hit from a charge on a contract.
Read moreSweden to buy four Naval Group frigates in €4bn deal
19th May 2026 11:36
(Sharecast News) - Sweden is to buy four navy frigates from France in a deal worth around €4bn, the Nordic country confirmed on Tuesday.
Read moreCharge on frigate contract dents profits at Babcock
13th May 2026 07:02
(Sharecast News) - Babcock International posted a jump in annual revenues on Wednesday, but confirmed profits had been hit by a one-off charge on a contract to build five ships for the Royal Navy.
Read moreBabcock inks naval support bridging contract with UK govt
1st Apr 2026 07:17
(Sharecast News) - Shares in Babcock International surged on Wednesday after the defence company agreed an interim contract with the UK government to maintain naval base and nuclear submarine fleet support services and Citi upgraded the stock to 'buy' from 'neutral'.
Read moreCiti downgrades Babcock to 'neutral' from 'buy'
5th Feb 2026 09:04
(Sharecast News) - Citi downgraded Babcock on Thursday to 'neutral' from 'buy' as it increased its price target and said the company's medium-term guidance is conservative.
Read moreLondon close: Stocks finish volatile week in the red
23rd Jan 2026 16:40
(Sharecast News) - London stocks closed lower on Friday as investors paused after a busy and volatile week, with gains capped as attention turned to a fresh surge in gold prices that pushed the yellow metal close to the $5,000-an-ounce mark.
Read moreBabcock CEO to retire at end of year; To be replaced by nuclear unit boss
23rd Jan 2026 07:13
(Sharecast News) - UK defence firm Babcock International said CEO David Lockwood would retire at the end of 2026 after almost five years in the job and be replaced by Harry Holt, currently head of the company's nuclear division.
Read moreBabcock posts solid profit growth as nuclear revenues jump
21st Nov 2025 07:04
(Sharecast News) - Babcock International delivered a big jump in profits over the first half ended 30 September, driven by double-digit organic growth in its nuclear division and an improvement in group margins.
Read moreBerenberg lifts target for Babcock, sees further upside to forecasts
26th Sep 2025 11:31
(Sharecast News) - Berenberg has hiked its target price for Babcock from 1,360p to 1,440p and reiterated a 'buy' rating on the stock after raising estimates for the defence engineering business after this week's positive AGM update.
Read moreBabcock reiterates outlook on strong first half
25th Sep 2025 07:03
(Sharecast News) - Defence contractor Babcock International reaffirmed its full-year outlook on Thursday after an "encouraging" start to the year.
Read moreLondon close: Stocks firmer as US CPI comes in hot
11th Sep 2025 17:35
(Sharecast News) - London stocks advanced on Thursday as investors weighed a stronger-than-expected US inflation reading and its implications for global interest rate policy.
Read moreRBC backs Babcock on strong marine outlook
8th Sep 2025 12:58
(Sharecast News) - RBC Capital Markets has reiterated its 'outperform' rating on Babcock International Group, on the back of a strong outlook for the engineer's marine business.
Read moreLondon close: Stocks maintain gains despite global jitters
3rd Sep 2025 17:46
(Sharecast News) - London stocks ended higher on Wednesday after a muted start, even as UK government bond yields climbed to fresh multi-decade highs amid a global debt market selloff.
Read moreUK in advanced talks to build warships for Denmark, Sweden - report
3rd Sep 2025 09:32
(Sharecast News) - The UK is reportedly in advanced talks to build warships for Denmark and Sweden.
Read moreLondon close: Defence plays, gold miners lead stocks higher
1st Sep 2025 17:30
(Sharecast News) - London stocks eked out modest gains on Monday, with strength in defence firms and precious metals miners helping the market to a positive close.
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