BAB.L - Babcock International Group plc

LSE - LSE Delayed price. Currency in GBp
784.00
+19.60 (+2.56%)
At close: 4:38PM BST
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Previous close764.40
Open801.00
Bid750.00 x 168900
Ask815.00 x 76000
Day's range771.20 - 810.00
52-week range604.00 - 1,030.00
Volume4,776,345
Avg. volume1,885,062
Market cap3.96B
Beta0.77
PE ratio (TTM)12.27
EPS (TTM)63.90
Earnings date23 May 2018
Forward dividend & yield0.28 (3.80%)
Ex-dividend date2017-12-07
1y target est837.73
  • Reuters14 hours ago

    Babcock's confidence boosted by contract wins

    Babcock (BAB.L) said a number of major contract wins in Britain and abroad had increased its confidence that the British engineer would deliver steady organic revenue growth in the year ahead, helping to lift its shares on Wednesday. Babcock, which provides specialist support and services to groups including Britain's Defence Ministry, reported a 2.8 percent rise in underlying revenue to 5.4 billion pounds, in line with forecasts and which it described as a record performance. "The biggest factor that is holding us back is the headwinds of the aircraft carrier step down which was significant," Chief Executive Archie Bethel told Reuters.

  • Reuters - UK Focus14 hours ago

    British engineer Babcock's confidence boosted by contract wins

    Babcock said a number of major contract wins in Britain and abroad had increased its confidence that the British engineer would deliver steady organic revenue growth in the year ahead, helping to lift its shares on Wednesday. Babcock, which provides specialist support and services to groups including Britain's Defence Ministry, reported a 2.8 percent rise in underlying revenue to 5.4 billion pounds ($7.2 billion), in line with forecasts and which it described as a record performance. "The biggest factor that is holding us back is the headwinds of the aircraft carrier step down which was significant," Chief (Taiwan OTC: 3345.TWO - news) Executive Archie Bethel told Reuters.

  • Reuters - UK Focus16 hours ago

    Babcock sees steady organic growth, helped by international demand

    British engineer Babcock said it expected to deliver low mid-single digit organic revenue growth and stable margins in 2018/19 after international sales and a restructuring helped the group to hit its ...

  • Reuters - UK Focus20 days ago

    LIVE MARKETS-M&A in the UK: which stocks are targets?

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market ...

  • UK industrial giants push for Sheffield Forgemasters overhaul
    Sky News2 months ago

    UK industrial giants push for Sheffield Forgemasters overhaul

    A trio of British industrial titans are pushing for a management overhaul at Sheffield Forgemasters, a private manufacturer which has a vital role in the UK's nuclear submarine programme. Sky News has learnt that BAE Systems (LSE: BA.L - news) , Babcock International (LSE: BAB.L - news) and Rolls-Royce Holdings are engineering the search for a successor to Graham Honeyman, Forgemasters' chief executive and majority shareholder. A number of candidates, including at least one former BAE Systems executive, are understood to have been identified for the role.

  • Reuters - UK Focus3 months ago

    Armonia-controlled GSA looking at growth abroad, Babcock's Italy assets - Armonia CEO

    Security services group Gruppo Servizi Associati (GSA) wants to grow in Spain, France and Switzerland and is also looking at the Italian assets of Babcock International, the head of the private equity fund controlling the company said. "GSA's plans include growth abroad, especially Spain, France and Switzerland, while in Italy the company is looking at the Italian arm of Babcock International (LSE: BAB.L - news) ," Alessandro Grimaldi, chief executive of fund Armonia, told Reuters.

  • Reuters3 months ago

    European shares hit six-month low as volatility shakes markets

    European shares hit their lowest level since August 2017 on Tuesday as a global sell-off in equities deepened and volatility spiked on growing worries over inflation and rising bond yields. All sectoral indexes were trading in negative territory, pushing the pan-European STOXX 600 (.STOXX) index to fall for the seventh straight session, down as much as 3.2 percent, while the euro STOXX volatility (.V2TX) posted its biggest ever daily percentage gain, up 60 percent. The STOXX index recovered some ground through the session and closed down 2.3 percent with confidence in the region's economic recovery partly offsetting concerns about the rising volatility.

  • Reuters - UK Focus3 months ago

    European shares hit six-month low as volatility shakes markets

    European shares hit their lowest level since August 2017 on Tuesday as a global sell-off in equities deepened and volatility spiked on growing worries over inflation and rising bond yields. All sectoral indexes were trading in negative territory, pushing the pan-European STOXX 600 index to fall for the seventh straight session, down as much as 3.2 percent, while the euro STOXX volatility posted its biggest ever daily percentage gain, up 60 percent.

  • Reuters3 months ago

    Babcock trims revenue forecast, savings protect profit

    British engineer Babcock (BAB.L) trimmed its 2017-18 revenue forecast on Tuesday due to slower demand in the oil, gas and defence sectors, the latest blow to the country's outsourcing industry. Its shares were down 2.2 percent at 0900 GMT, after a 20 percent slide in the past three months and against a near 3 percent fall in Britain's main FTSE 100 share index (.FTSE). Babcock says its focus on large public contracts which provide essential services protect it to a large extent from uncertainty, and mean it is more dependent on maintenance work with current contract-holders than additional new spending.

  • Reuters - UK Focus3 months ago

    Babcock trims revenue​ forecast, savings protect profit

    British engineer Babcock trimmed its 2017-18 revenue forecast on Tuesday due to slower demand in the oil, gas and defence sectors, the latest blow to the country's outsourcing industry. Its shares were down 2.2 percent at 0900 GMT, after a 20 percent slide in the past three months and against a near 3 percent fall in Britain's main FTSE 100 share index. The collapse of construction and support services group Carillion (Frankfurt: 924047 - news) in January, and a big profit warning from outsourcer Capita (LSE: CPI.L - news) , have also sent shockwaves through the sector.

  • Reuters - UK Focus4 months ago

    Babcock lowers revenue​ forecast due to tough trading, keeps profit outlook

    Engineering outsourcer Babcock on Tuesday cut its revenue forecast for the 2018 full year to 5.3 billion to 5.4 billion pounds , citing a tough British business environment, ​but it kept its underlying ...

  • Reuters - UK Focus4 months ago

    BUZZ-VIEW FROM THE BUYSIDE-Babcock: caught in the crossfire

    ** Spate of UK contractor woes partly behind Babcock's steep sell-off, but its position as a defence contractor affords it some protection from issues in sector at large and Lowland Investment Company ...

  • Reuters - UK Focus4 months ago

    UK defence spending plans may fall short by 21 bln pounds-watchdog

    The budget set by Britain's defence ministry to support new equipment needed in the next decade could fall short by 20.8 billion pounds ($29.5 billion), Britain's independent government spending watchdog has said. A National Audit Office report published on Wednesday found there was a shortfall of at least 4.9 billion pounds ($7 billion), potentially rising by another 15.9 billion pounds, if all the risks identified by the Ministry of Defence arise and it is unable to make the savings assumed under the plan. The report, which could affect government spending decisions and private contractors such as Serco and Babcock , said some of the costing expectations had been over-optimistic and that foreign exchange rates used had not been accurate.

  • Reuters4 months ago

    FTSE 100 suffers monthly loss as outsourcers feel Capita's pain

    The FTSE 100 (.FTSE) fell on Wednesday as shares in outsourcer Capita (CPI.L) tanked after a profit warning, further weighing on the monthly performance of the UK's blue-chip index. Earnings updates were the main focus on Wednesday, none more so than Capita's. The mid-cap company's shares tumbled by 47 percent, its biggest one-day loss, after it issued a profit warning, suspended its dividend and announced a rights issue. Peers Babcock (BAB.L) and Serco (SRP.L) fell 2.5 percent and 6.3 percent respectively.

  • Reuters - UK Focus4 months ago

    FTSE 100 suffers monthly loss as outsourcers feel Capita's pain

    The FTSE 100 fell on Wednesday as shares in outsourcer Capita tanked after a profit warning, further weighing on the monthly performance of the UK's blue-chip index. Earnings updates were the main focus on Wednesday, none more so than Capita's. The mid-cap company's shares tumbled by 47 percent, its biggest one-day loss, after it issued a profit warning, suspended its dividend and announced a rights issue.

  • Reuters - UK Focus4 months ago

    LIVE MARKETS-Bad month for UK outsourcers gets worse

    Welcome to the home for real time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your thoughts on market ...

  • Reuters - UK Focus4 months ago

    Investors see few silver linings in Carillion collapse

    Investors struggled to find buying opportunities after the collapse of British construction and support services company Carillion (Frankfurt: 924047 - news) on Monday, underscoring how risks have piled up for the whole industry. Calculating the implications of one of the biggest UK corporate failures of recent years is a challenge because of the wide scope of Carillion's operations. Companies from Serco to Interserve (Frankfurt: 860509 - news) , Balfour Beatty and Kier Group (LSE: KIE.L - news) could now pick up work from Carillion, which did everything from providing school meals to building hospitals and managing part of the mammoth HS2 north-south rail project.

  • Reuters - UK Focus5 months ago

    Britain's FTSE advances, led by gains in financial services

    A weaker pound, rising oil prices and growing confidence in the financial sector helped pushed British shares higher and well ahead of their European peers on Monday. The blue-chip FTSE 100 climbed 0.7 ...

  • Reuters - UK Focus5 months ago

    Pound, financials push Britain's FTSE higher

    A weaker pound, buoyant overnight Asian shares and growing confidence in the financial sector helped pushed British shares higher and slightly ahead of their European peers on Monday. The blue-chip FTSE ...

  • Reuters5 months ago

    Energy stocks, Brexit drama send FTSE to 10-week low

    By Georgina Prodhan and Helen Reid LONDON (Reuters) - UK stocks fell to a 10-week low on Thursday, weighed down by energy stocks and consumer staples as sterling edged higher on a glimmer of hope in Brexit ...

  • Reuters - UK Focus5 months ago

    Energy stocks, Brexit drama send FTSE to 10-week low

    UK stocks fell to a 10-week low on Thursday, weighed down by energy stocks and consumer staples as sterling edged higher on a glimmer of hope in Brexit talks. The blue-chip FTSE 100 ended the session down ...

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