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Babcock International Group PLC

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  • Monday, 17 January, 2022
    PwC
    UK accounting regulator extends probe into PwC over Babcock audits

    Watchdog to investigate defence contractor’s accounts of 2019 and 2020 as well as 2017 and 2018

  • Monday, 17 January, 2022
    Aerospace & Defence
    Babcock boss fears anti-defence lobby is hijacking ethical agenda

    The industry needs to be more robust about the important role it plays in protecting democracy, says David Lockwood

  • Monday, 13 September, 2021
    Aerospace & Defence
    Rolls-Royce and Babcock sell shares in AirTanker to boost balance sheets

    Private equity group Equitix to pay £315m for stake in RAF’s fleet of refuelling planes

  • Friday, 30 July, 2021
    Babcock shares tumble after it reveals £1.6bn loss

    Head of UK’s second-biggest defence company says group can be strengthened without an equity issue

  • Tuesday, 4 May, 2021
    Babcock prepares sale of rail business as overhaul continues

    Defence group also looks at disposal of parts of aerial emergency services division

  • Tuesday, 13 April, 2021
    Lex
    Babcock: positively buoyant with rights at bay Premium content

    Attack may be the best form of defence

  • Tuesday, 13 April, 2021
    Babcock to take £1.7bn writedown after contract review

    Shares surge as Britain’s second-biggest defence contractor avoids rights issue to shore up finances

  • Thursday, 8 April, 2021
    Aerospace & Defence
    Babcock braced for big asset writedown

    New chief executive expected to draw line under previous management

  • Thursday, 11 March, 2021
    Babcock in talks to sell offshore helicopter business to US group

    UK defence company agrees conditional deal with CHC amid strategic review

  • Monday, 8 March, 2021
    Babcock parts ways with long-term auditor PwC

    UK’s second biggest defence contractor signals fresh start under new management

  • Friday, 29 January, 2021
    Investments
    Next insider sells as retailer weathers the storm

    The retailer continues to impress despite market turmoil

  • Friday, 15 January, 2021
    Lex
    Babcock: crash dive Premium content

    Warning from defence services outsourcer fits with trend for wider UK outsourcing sector

  • Friday, 15 January, 2021
    Babcock warns of potential hit to balance sheet after contract review

    Shares dive 18% as UK defence company provides no financial guidance for this year

  • Wednesday, 1 July, 2020
    Babcock signals drive for change with chief executive appointment

    David Lockwood prepares to refocus business when he takes job in September

  • Thursday, 11 June, 2020
    Babcock defers dividend as group to miss profit margin targets

    UK defence contractor faces uncertainty from pandemic and deterioration in oil and gas market

  • Wednesday, 5 February, 2020
    Babcock chair unveils sweeping changes at top

    Chief executive of UK defence contractor to stand down in reshuffle

  • Thursday, 12 September, 2019
    UK defence industry
    Doubts over Type 31 frigate work for struggling yards

    H&W and Ferguson can bid on new contracts but without guarantees, warns Babcock

  • Thursday, 12 September, 2019
    UK defence spending
    Babcock group wins contract to build Royal Navy frigates

    Deal throws potential lifeline to collapsed shipyards in Northern Ireland and Scotland

  • Monday, 17 June, 2019
    LombardMatthew Vincent
    Serco’s approach for Babcock was a mismatch of missiles and mops

    Babcock offered a chance to move up to higher-margin defence engineering work

  • Monday, 17 June, 2019
    Serco Group PLC
    Babcock rebuffs approaches from rival Serco

    Defence contractor says the prospect of a deal has ‘no strategic merit’

  • Wednesday, 22 May, 2019
    Lex
    Babcock/defence: stock stress monster Premium content

    Submerged shares will eventually have to rise

  • Wednesday, 22 May, 2019
    Babcock operating profit drops 47% on one-off charges

    Costs take toll on defence contractor and shares fall nearly 10%

  • Wednesday, 15 May, 2019
    Babcock rebuts second attack from Boatman

    Defence contractor dismisses new report as ‘inaccurate and misleading’

  • Sunday, 12 May, 2019
    UK defence industry
    US defence groups in running to take over Royal Navy training

    Raytheon and Lockheed Martin up against Babcock for £2bn contract

  • Friday, 5 April, 2019
    Inside LondonNeil Collins
    Babcock can still find its way out of deep water

    UK’s Ministry of Defence still engaged in its usual fantasy financing

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