logo
Plus   Neg
Share
Email

Babcock Updates Guidance - Quick Facts

Babcock International Group plc (BAB.L) said, for the current fiscal year, it now expects underlying operating profit around 540 million pounds, updated from prior guidance range of 540 million pounds to 560 million pounds. The Group said its expectations for underlying earnings per share are in line with current consensus expectations. For the fiscal year, Babcock continues to project underlying revenue of around 4.9 billion pounds.

Babcock said the Group is implementing improvement and restructuring programmes to ensure it remains on track to deliver for the medium term. The Group will write down assets and leases in its oil and gas business. Babcock expects to incur an exceptional charge of around 85 million pounds, predominantly in oil and gas.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Twitter Inc. on Friday unlocked the New York Post's Twitter account after a two-week stalemate over posting links to its reporting about Hunter Biden. Walmart has removed guns and ammunition from its store shelves in the U.S. as a precautionary measure following the unrest in Philadelphia after a Black man was fatally shot by police, according to reports. While the firearms will be available for purchase at the Walmart stores, customers will be required to specifically request for them. Regeneron Pharmaceuticals Inc. (REGN) said Friday that the independent data monitoring committee or IDMC for the REGN-COV2 antibody cocktail treatment trials for COVID-19 has recommended to hold further enrollment in hospitalized patients requiring high-flow oxygen or mechanical ventilation.
RELATED NEWS
Follow RTT