Edition:
United Kingdom

Babcock International Group PLC (BAB.L)

BAB.L on London Stock Exchange

443.60GBp
19 Jul 2019
Change (% chg)

6.30 (+1.44%)
Prev Close
437.30
Open
442.90
Day's High
446.50
Day's Low
438.50
Volume
1,256,284
Avg. Vol
2,251,688
52-wk High
752.35
52-wk Low
410.10

Latest Key Developments (Source: Significant Developments)

St. James's Place Discloses 2.7 Pct Stake In Babcock As Of July 2 Vs Prior Stake Of 4.7 Pct
Tuesday, 2 Jul 2019 

July 2 (Reuters) - :ST. JAMES'S PLACE DISCLOSES 2.7 PERCENT STAKE IN BABCOCK AS OF JULY 2 VERSUS PRIOR STAKE OF 4.7 PERCENT - FILING.  Full Article

Serco CEO Looking At M&A Opportunities
Thursday, 27 Jun 2019 

June 27 (Reuters) - Serco ::CEO SOAMES SAYS WILL MAKE A DECISION ON RESUMING THE DIVIDEND ONCE WE SEE HOW 2019 PLAYS OUT, MATTER OF WHEN NOT IF.CEO SOAMES, ASKED ABOUT BID FOR BABCOCK, SAYS WE ARE STILL LOOKING AT M&A OPPORTUNITIES.  Full Article

Babcock Sees Earnings Growth Of 3-4% CAGR In Medium Term
Wednesday, 5 Jun 2019 

June 5 (Reuters) - Babcock International Group PLC ::SEES EARNINGS GROWTH OF 3% TO 4% CAGR IN MEDIUM TERM.SEES SUSTAIN MARGINS AT AROUND 11% FOR MEDIUM TERM.TO GENERATE AROUND £1.4 BILLION OF FREE CASH FLOW OVER NEXT FIVE YEARS.GUIDANCE FOR GROUP FOR YEAR ENDED 31 MARCH 2020 REMAINS UNCHANGED.EXPECTS TO GROW INTERNATIONAL REVENUE FROM 30% OF GROUP REVENUE TODAY TO OVER 40% IN MEDIUM TERM.NAVAL NUCLEAR BUSINESS HAS BEEN COMBINED WITH CAVENDISH NUCLEAR TO CREATE A NEW NUCLEAR SECTOR.NEW NUCLEAR SECTOR PLACED UNDER A SINGLE MANAGEMENT TEAM LED BY SIMON BOWEN.  Full Article

Gulf Marine To Appoint Babcock Chairman Michael Turner As Independent Non-Executive Director
Thursday, 16 May 2019 

May 16 (Reuters) - Gulf Marine Services PLC ::GULF MARINE SERVICES - DIRECTORATE CHANGE.GULF MARINE- SIMON BATEY, SENIOR INDEPENDENT NON-EXECUTIVE DIRECTOR, AND CHAIRMAN OF AUDIT,RISK COMMITTEE SINCE 2014, WILL NOT STAND FOR RE-ELECTION.GULF MARINE - MICHAEL TURNER,FORMERLY CEO OF BAE SYSTEMS, CHAIRMAN OF GKN, CHAIRMAN OF BABCOCK WILL JOIN AS SENIOR INDEPENDENT NON-EXECUTIVE DIRECTOR.GULF MARINE SERVICES PLC - DAVID BLEWDEN, CURRENTLY CFO OF SUNNY HILL ENERGY, WILL JOIN BOARD AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR ON 1 JUNE 2019.  Full Article

Babcock says Trading Since April 1 In Line With Expectations; FY Outlook Unchanged
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - Babcock International Group PLC ::TRADING UPDATE.TRADING IN LINE, OUTLOOK UNCHANGED.ORDER BOOK AND PIPELINE REMAIN STRONG WITH A COMBINED VALUE UNCHANGED AT AROUND 32 BILLION POUNDS.HAVE NOW EXITED OUR NORTH AMERICAN MINING AND CONSTRUCTION SUPPORT BUSINESS.EXPECT TO CONTINUE TO REDUCE DEBT DURING YEAR, EXPECT NET DEBT TO EBITDA RATIO TO BE AROUND 1.4 TIMES BY END OF YEAR.AND HAVE AGREED SALE OF OUR MEDIA SERVICES BUSINESS FOR AROUND 30 MILLION POUNDS.EXPECT TO EXIT POWERLINES BUSINESS IN SOUTH AFRICA.WILL RESHAPE OIL AND GAS CREW CHANGE BUSINESS TO IMPROVE PERFORMANCE.  Full Article

Babcock To Bid For UK Ministry Of Defence's 1.25 Bln Stg Contract With Team Of Partners
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Babcock International Group Plc ::BABCOCK INTERNATIONAL - TO LEAD A TEAM OF INDUSTRY PARTNERS IN A BID FOR UK MINISTRY OF DEFENCE'S (MOD) NEW £1.25 BILLION TYPE 31E GENERAL PURPOSE LIGHT FRIGATE PROGRAMME​.  Full Article

UK's Babcock H1 revenue up 6 pct, sees more progress beyond this year
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Babcock International Group Plc six months ended 30 September 2017:‍profit before tax 181.9 million pounds​.‍we expect a slight improvement in overall group margin during second half​.‍revenue 2,316.7 million pounds​.‍Babcock remains confident that full year results will be in line with our expectations​.‍we will make further good progress beyond this year​.‍£146 million increase in underlying revenue; up 6%​.‍£11 million increase in underlying profit before tax; up 5%​.‍order book and bid pipeline increased to c£31 billion (fy17: c£30 billion)​.‍92% of revenue in place for this financial year; 59% of revenue in place for 2018/19​.‍despite volatile background, we continue to see opportunities across all our markets​.‍board continues to expect full year results to be in line with expectations​.‍we remain confident of making good progress this year and beyond.​.  Full Article

Babcock International Group awarded new regional contracts by UK Ministry of Defense
Friday, 17 Nov 2017 

Nov 17 (Reuters) - BABCOCK INTERNATIONAL GROUP PLC :CONTRACT AWARD.‍AWARDED THREE NEW REGIONAL CONTRACTS BY UK MINISTRY OF DEFENCE UNDER TECHNICAL SUPPORT SERVICES PROVISION FOR 17 SITES ACROSS WHOLE OF UK​.‍WORTH TOTAL AROUND £160 MILLION FOR FIRST FIVE YEARS FOR ALL THREE REGIONS, WITH OPTIONS FOR FURTHER TWO ONE-YEAR EXTENSIONS WHICH COULD INCREASE VALUE TO AROUND £220 MILLION​.  Full Article

Babcock Intl trading in line, outlook unchanged​
Wednesday, 20 Sep 2017 

Sept 20 (Reuters) - Babcock International Group Plc :‍group is trading in line with our expectations and outlook for year is unchanged​.‍revenue visibility has continued to improve, with 89% of revenue now in place for 2017/18 and around 57% for 2018/19​.‍order book and bid pipeline of opportunities have remained stable, and continue to provide confidence in our ability to grow revenue as expected over medium term​.  Full Article

Ex-divs to take 5.3 points off FTSE 100 on July 4

MILAN, July 1 The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take around 5.3 points off the index. RIC COMPANY DIVIDEND STOCK IMPACT (pence) OPTION AVEVA GRP