logo
Share SHARE
FONT-SIZE Plus   Neg

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 RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After a long gap of fifty years, the first direct commercial flight from U.S. will land in Cuba on Wednesday. JetBlue Flight 387 will be creating a new history by reconnecting direct travel link between the two countries. U.S. Transportation Secretary Anthony Foxx and JetBlue Chief Robin Hayes are there among the first set of travelers to Cuba. Google reportedly plans to expand a car-pooling program to commuters in San Francisco, edging closer to a potential clash with ride-hailing service Uber Technologies Inc. Google, a unit of Alphabet Inc., commenced a pilot car-pooling program around its California headquarters in May this year. Tim Hortons, the Canadian fast-food restaurant chain known for its coffee and doughnuts, has announced plans to launch in Great Britain as part of its efforts to expand internationally. Restaurant Brands International Inc., the parent company of Tim Hortons, said Tuesday that it has established a master franchise joint venture with an investor in Great Britain.
comments powered by Disqus
Follow RTT