Babcock International
Coverage of Babcock International in the Nexus archive.
- Defence shares rise after Andy Burnham appoints John Healey as chancellor
Defence company shares increased following Andy Burnham's appointment of John Healey as chancellor, with Babcock, BAE Systems, and Rolls-Royce among the top risers on the FTSE 100. Investors anticipate higher military spending under the new chancellor.
- Burnham cuts VAT on household electricity bills; UK borrows less than expected in June – business live
Burnham reduced VAT on household electricity bills, and the UK borrowed less than expected in June. Defense stocks like Babcock International and BAE Systems rose amid a former defense secretary taking a new role.
- Burnham cuts VAT on household electricity bills; UK borrows less than expected in June – business live
The UK chancellor cuts VAT on household electricity bills, while the UK borrows less than expected in June. The FTSE 100 index opens 0.3% lower, but defense stocks like Babcock International and BAE Systems rise due to a former defense secretary's new role.
- Stockpickers: Babcock International, Telecom Plus, Moonpig
Experts discuss stock recommendations for Babcock International, Telecom Plus, and Moonpig, advising whether to buy, sell, or hold these companies this week.
- Babcock says Brexit and Covid beset Royal Navy contract as profits plunge
Babcock International's annual profits fell by nearly 20% due to a £140m charge on its Royal Navy Type 31 frigate-building contract, which incurred losses. The firm attributed the decline to challenges posed by Brexit and the Covid-19 pandemic.