logo
Plus   Neg
Share
Email

Babcock International H1 Trading In Line With View; Backs FY View - Quick Facts

Aerospace and defence company Babcock International Group Plc. (BAB.L) Wednesday reported that its trading for the period from April 1 has been in line with expectations.

In its trading update, the company reported that Marine sector is performing well with increased activity across its UK warship support business and strong orders across technology businesses.

In Nuclear, activity levels have increased across defence though the civil nuclear market remains challenging.

The company said it continued to win work across all sectors in the period, with win rates in line with targets.

Looking ahead for the fiscal year, the company said it confirms guidance for revenue, operating profit and free cash flow as set out in May 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Former Google engineer Anthony Levandowski was sentenced by a U.S. judge to eighteen months in prison for stealing trade secrets from Google's self-driving car unit before he defected to Uber's rival unit. Levandowski admitted that from 2009 to 2016, he worked in Google's self-driving car program, known then as Project Chauffer. JetBlue has strengthened its face covering policy, by prohibiting face masks with vents or exhalation valves, starting August 10. It will also no longer allow customers to claim exemptions from wearing a face covering altogether. Home Depot, Inc. is set to open three new distribution centers in Georgia over the next 18 months, which is expected to create an additional 1,000 new jobs in Greater Atlanta, including full-time and part-time positions. The home improvement retailer has already created more than 5,000 new jobs in Georgia over the last five years.
Follow RTT