Advertisement
UK markets close in 6 hours 36 minutes
  • FTSE 100

    8,108.17
    +29.31 (+0.36%)
     
  • FTSE 250

    19,808.82
    +206.84 (+1.06%)
     
  • AIM

    756.03
    +2.91 (+0.39%)
     
  • GBP/EUR

    1.1661
    +0.0005 (+0.04%)
     
  • GBP/USD

    1.2531
    +0.0020 (+0.16%)
     
  • Bitcoin GBP

    51,342.49
    +426.11 (+0.84%)
     
  • CMC Crypto 200

    1,389.44
    -7.09 (-0.51%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CRUDE OIL

    83.71
    +0.14 (+0.17%)
     
  • GOLD FUTURES

    2,360.90
    +18.40 (+0.79%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,046.70
    +129.42 (+0.72%)
     
  • CAC 40

    8,043.05
    +26.40 (+0.33%)
     

Babcock sees slowdown in defence revenue

(Removes reference to size of defence and security division, paragraph 2)

LONDON, July 30 (Reuters) - British engineering and support services firm Babcock said it was on track to continue the growth trend of previous years, despite revenue from its defence and security division coming in lower in the first half of the year.

The company said on Thursday that it expected revenue from the division to improve over the second half of the year and would achieve low single digit growth for full 2015/16 financial year.

Babcock, whose largest customer is Britain's Ministry of Defence, said its order book had remained stable at 20 billion pounds ($31.2 billion). Its bid pipeline has also remained stable at 10.5 billion pounds.

($1 = 0.6414 pounds) (Reporting by Li-mei Hoang; Editing by Kate Holton)