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

Editors Pick
Internet giant Google Inc. (GOOGL, GOOG) has launched a new online flight search tool that makes it easy to find out the best flight deal. The tool dubbed "Google Flights" provides a calendar that one can scroll through and see the lowest fare highlighted for each day. One can also use the lowest... Hyperloop Transportation Technologies, a start-up that has adopted Elon Musk's ambitious project of high-speed transportation system, plans to build a Hyperloop test track in California and completed as early as 2016. Hyperloop Test Technologies, a crowd-funded company, plans to take Musk's dream... Colors have set the social media afire after an otherwise innocuous photo of a bodycon dress kept users guessing as to what hues permeate it. Opinions are divided, with some seeing the dress as white and gold, and others as blue and black. The photo was posted on Tumblr by a user called Swiked.
comments powered by Disqus
Follow RTT