Plus   Neg

Babcock Says Q4 Trading In Line, Excl. Impact Of COVID-19

While updating on its operations and business amid the global pandemic, aerospace and defence company Babcock International Group Plc. (BAB.L) Monday said its trading for the fourth quarter was in line with its expectations, excluding the impact of COVID-19. The group added that coronavirus had a minimal impact on its trading in the final quarter.

Following the uncertainty of the impact of COVID-19 for the next financial year, the board said it will consider the final ordinary dividend for this financial year ahead of its full year results, taking into account developments over the next two months.

The Group also noted that it postponed the annual pay increase for the senior management team and taking actions to mitigate the financial impact of COVID-19, without impacting customer delivery.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Volkswagen Group were gaining around 3 percent in German trading after the automotive giant Thursday reported market recovery in the third quarter with improved deliveries in the month of September. For the first nine months of fiscal 2020, the company, meanwhile reported sharply lower earnings with weak revenues and sales volume. Comcast Corp. on Thursday reported a 37 percent decline in profit for the third quarter from last year, hurt primarily by revenue decline at NBCUniversal. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also declared a quarterly dividend. In the pre-market trade, CMCSA is trading at $42.83, up $0.85 or 2.02 percent. Regeneron announced positive results from its late stage COVID-19 outpatient trial, indicating that its antibody cocktail therapy significantly reduced virus levels and need for further medical attention. The trial results showed that investigational antibody cocktail, REGN-COV2, met the primary and key secondary endpoints.
Follow RTT