STOCKS NEWS UK-Babcock falls on post-results profit taking

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12:50GMT 10Nov2009-Babcock falls on post-results profit taking

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Shares in Babcock International (BAB.L) fall 5.5 percent as investors pocket profits after the engineer reports an expected 30 percent rise in first-half profit on Tuesday, driven by growth in its marine and defence units.

"This drop seems to be profit taking to me. Investors may be thinking it's better to travel than arrive," says Investec analyst John Lawson, who notes that Babcock's shares have jumped a third in the last quarter.