Naval Support Contract for Australian Anzac Class Frigates
2nd Mar 2012 11:00
A consortium formed by engineering and support services firm Babcock International and UGL Infrastructure has been declared as the preferred tenderer for the Royal Australian Navy's Group Maintenance Contract (GMC) for its eight Anzac class frigates. The contract is expected to be valued at A$300m
Read moreWH Smith Chief sells 40% of her shares in the firm
2nd Feb 2012 15:31
Kate Swann, Chief Executive of WH Smith, the books and stationary retailer, has sold a sizeable chunk of her stake in the firm to raise capital to buy herself more property, according to a company spokesperson. Swann, who is widely held responsible for turning the company around since her arrival
Read moreWednesday tips round up: National Grid, Babcock, Kcom
1st Feb 2012 06:51
In the Times, Tempus tests the currents for National Grid. The firm's 8% dividend growth promise will expire this year, to be replaced by a 4% commitment. This will not please investors thinks Tempus The company's attempts to grow in the US are also dawdling, with National Grid finding it hard to m
Read moreLondon pre-open: EU decision sparks rise
31st Jan 2012 07:23
City sources predict the FTSE 100 will open up 26 points from yesterday's close of 5,671, buoyed by news that heads of government across the European Union have given their backing for great fiscal integration in the continent. With the exception of two EU member states, on Monday all voted in favou
Read moreCash generation remains strong at Babcock
31st Jan 2012 07:03
There is little sign of orders drying up at Babcock International, with the engineering and support services firm saying it is in discussions with its major customers about their plans for future outsourcing initiatives. The group said it traded in line with expectations in the final quarter of 201
Read moreTuesday preview: BSkyB, ARM, Babcock
30th Jan 2012 15:13
So-called 'triple-play' (pay TV, phone and Internet service provider) British Sky Broadcasting (BSkyB) updates the market on Tuesday on how it fared in the final three months of 2011. Credit Suisse, which is neutral on the stock, thinks the company faces multiple structural and cyclical headwinds i
Read moreBabcock hits new high on BBC contract win
12th Jan 2012 08:48
Babcock International, the engineering and support services firm, hit a 52-week high on Thursday morning after announcing two contract wins. The BBC World Service is to pay Babcock £200m over the next ten years for providing services related to the transmission and distribution of radio and televis
Read moreFTSE 100 Movers: RBS in top spot after cost-saving measures leaked
11th Jan 2012 12:08
Royal Bank of Scotland (RBS) was on the up after it was reported that its Irish unit is preparing its second round of job cuts in four years as part of an effort to save about €50m ($63.9m), according to two people with knowledge of the plan, a Bloomberg News report said. Meanwhile, SSE became the
Read moreLondon open: Footsie pulls back early on
11th Jan 2012 08:16
The FTSE 100 nudged lower in early trading on Wednesday despite a decent start for retailers, as investors pause for breath following yesterday's sharp rise, which was sparked by the announcement that Fitch does not intend to downgrade France this year. After a strong showing yesterday, the heavywe
Read moreAMEC, Babcock awarded extension to National Grid contract
11th Jan 2012 07:05
AMEC and Babcock's five-year Electricity Alliance West contract with National Grid has been extended by a further five years, the companies announced today. The contract - awarded to the joint venture between the two engineering firms and Mott MacDonald Group - involves the upgrade of overhead powe
Read moreMonday broker round-up - UPDATE
19th Dec 2011 09:10
Randgold Resources: Goldman Sachs downgrades to sell from neutral. Aggreko: Investec puts 1,950p target under review, buy rating retained. Carnival: Evolution Securities keeps buy recommendation and 2,850p target. Ocado: Panmure Gordon keeps sell rating and 50p target. Babcock: Panmure Gordon r
Read moreBabcock wins contract with the London Fire Brigade
25th Nov 2011 11:55
Babcock International has been selected by the London Fire Brigade as the preferred bidder for its new 25-year training contract expected to be worth in the order of £500m. Babcock will be working with the London Fire Brigade, the UK's largest fire and rescue service, to develop and deliver train
Read morePreferred bidder named for Scottish nuclear site
23rd Nov 2011 10:31
Babcock Dounreay Partnership (BDP) has been named as preferred bidder in Scotland's largest nuclear clean-up and demolition project. The Nuclear Decommissioning Authority (NDA) said BDP would take ownership through share transfer of DSRL, the company that manages the decommissioning and clean-up of
Read moreTuesday tips round-up: Catlin, Babcock and Majestic
15th Nov 2011 07:14
On first sight insurance group Catlin has had a tough third quarter, seeing losses rise from $534m to $670m on the back of flooding in Denmark and Thailand and Hurricane Irene which swept through the Caribbean, the US and Canada back in August. The Times's Tempus, however, notes the guidance in Ca
Read moreBabcock down despite big profits growth
8th Nov 2011 15:32
Babcock, the engineering services company has seen a slight drop in its share price today following the release of its results for the six months to the end of September. Revenues were up 30% on the same period of 2010 at £1,588m and profit before tax was up 46% at £132.8m. Basic earnings per share
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