logo
Plus   Neg
Share
Email

Babcock Says Remains Confident Of Delivering Good Progress This Year

Babcock International Group Plc (BAB.L) provided interim management statement for the period from October 1, 2011.

The company noted that trading conditions for the Group remain positive and its performance remains consistent with its expectations at the time of half year results announced on November 8, 2011.

Babcock stated that within its markets, customers continue to experience financial and budgetary constraints and this economic environment is creating opportunities for the company's distinctive engineering based, long-term support model. Besides, order book and bid pipeline have remained stable at around 12 billion pounds and 10 billion pounds, respectively, since last reported in November.

Looking forward, the company said it remains confident of delivering good progress this year, in line with its expectations, and looks forward to building on this further in 2012/13.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Member of Congress have reportedly been told President Donald Trump's administration has reached an agreement to put Chinese telecom giant ZTE Corp. back in business. Reports from the New York Times and Reuters said the deal brokered by the Commerce Department would require ZTE to pay a substantial... Delta Air Lines will resume non-stop flights between the U.S. and India next year, almost a decade after it exited the Indian market. The airline said Thursday that its decision to resume non-stop flights from the U.S. to India follows agreements between the U.S. and the governments of the United Arab Emirates and Qatar to address the issue of government subsidies provided to state-owned carriers. Mortgage rates continued their upward trend this week and hit a seven-year high, even as housing demand remained robust. According to data released Thursday by mortgage finance provider Freddie Mac, the 30-year fixed-rate mortgage rose to 4.66 percent in the week ending May 24, from 4.61 percent in the prior week and 3.95 percent a year ago. This is also the highest level since May 5, 2011.
Follow RTT