Babcock pre-tax profit storms ahead, boosted by acquisitions, contract wins
18th May 2015 07:31
Babcock posted a 47% rise in pre-tax profit for the year ended March 31st 2015 on Monday, to £313.1m from £218.8m, with revenue up 37% on the year at £4.5bn. The company said that revenue growth came both organically, through major contract wins and by expanding and enhancing existing contracts, as
Read moreMarket overview: Stocks surge on election results
8th May 2015 08:56
1630: Close Stocks ended day sharply higher following the surprise win by the Conservatives. Various issues received a significant boost as traders readjusted their positions to the prospect that the current economic policy settings would be maintained and the implications that would have for those
Read moreFTSE 100 movers: Kingfisher surges on store closures, tobacco stocks lower
31st Mar 2015 13:22
DIY retailer Kingfisher soared as it impressed investors with plans to close 60 stores, as new chief executive Véronique Laury announced full-year results and set out her plans for a "very different" company. The company announced a £200m cash return for the coming financial year as it revealed adju
Read moreBabcock expects annual result to be in line with expectations
30th Mar 2015 08:29
Engineering support services group Babcock International said it expected full-year results to be in line with guidance it offered in February. The company's expectations have remained unchanged throughout the year. While it hasn't offered any detailed figures, the company said it was confident of m
Read moreWednesday tips round-up: Babcock International, Halma
11th Feb 2015 09:24
Some of the frothiness has now come out of the share price of engineering support services firm Babcock International, making them a buy, says The Times's Tempus. Investors are chiefly worried about the implications for its business of the looming elections. However, concerns regarding its exposure
Read moreLondon pre-open: Flat start expected, Chinese inflation at five-year low
10th Feb 2015 07:58
A subdued start was expected for equity markets in the UK on Tuesday as investors focused on economic data and kept an eye on developments in Greece. City sources predict the FTSE 100 will open five points higher than Monday's close of 6,837.15. Figures out overnight showed that the annual rate of
Read moreBabcock maintains guidance despite "uncertainty" in oil business
10th Feb 2015 07:17
UK engineering group Babcock expects to hit forecasts for the full year after strong trading momentum continued into the third quarter, despite the collapse in oil prices causing "uncertainty" in some divisions. The company, which serves markets such as defence, energy, telecommunications and transp
Read moreBabcock International extends EDF nuclear contract
20th Jan 2015 14:52
Engineer Babcock International has won an extension to its contract to service EDF Energy's nuclear power stations in the UK. Babcock's Cavendish Nuclear subsidiary will continue to provide fuel route and other services to the EDF fleet of advanced gas-cooled (AGR) reactor and pressurised water reac
Read moreBabcock acquires £140m Defence Support Group
17th Dec 2014 08:18
Engineering support company Babcock has agreed contracts with the Ministry of Defence to buy its Defence Support Group and associated service provision contract. According to the terms of the agreement, Babcock will exclusively provide the maintenance, repair, overhaul and storage of a range of curr
Read moreLondon close: Markets extend losing streak as miners fall
11th Dec 2014 16:23
London's stock market declined for the fourth straight day on Thursday as ongoing concerns about global growth and heavy falls in the mining sector erased earlier gains. The FTSE 100 finished 0.6% lower at 6,462, closing at its lowest level since 4 November when it settled at 6,453.97. Mining stock
Read moreFTSE 100 movers: Travel companies soar as miners sink
11th Dec 2014 16:21
Travel companies Easyjet and International Consolidated Airlines Group were boosted by the fall in oil prices, on hopes that lower fuel costs will boost profitability. Dixons Carphone was also among the risers after it emerged earlier this week that it surpassed its Christmas store opening targets.
Read moreLondon midday: Mining stocks drag markets lower on ECB loan disappointment
11th Dec 2014 12:06
UK stocks retreated into the red after a positive start on Thursday as renewed concerns about the health of the Eurozone pressured mining stocks lower. Markets had edged higher early on after finishing the previous session at a five-week low, but gains were quickly erased after it was revealed that
Read moreLondon open: Stocks rebound from five-week low as energy shares gain
11th Dec 2014 08:21
UK stocks edged higher on Thursday after sinking to a five-week low, though gains were only modest ahead of a data-heavy session. The FTSE 100 was up 0.3% at 6,520 early deals, helped by a small rebound in the energy sector. A three-day sell-off wiped 3.5% off the value of the Footsie and sent the
Read moreFriday tips round-up: Centrica, Babcock
21st Nov 2014 13:41
There are far too many sources of uncertainty around integrated energy company Centrica right now. The company's businesses have been hit by warm weather and declining oil and gas prices. An improvement can be expected next year, but it will be largely offset by a change in the tax regime governing
Read moreFTSE 100 movers: Miners hit by weak data, but Babcock and Johnson Matthey jump
20th Nov 2014 14:00
Mining stocks were suffering steep losses on Thursday as a wave of disappointing economic data prompted investors to scale back their appetite for risk. Figures from top metals consumer China in particular were weighing on sentiment, as its manufacturing sector stagnated in November. Rio Tinto, Angl
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