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    Babcock International Group PLC

    Add to myFT Digest

    Add this topic to your myFT Digest for news straight to your inbox

    • Wednesday, 8 March, 2023
      PwC
      PwC fined by UK watchdog for failings in Babcock audits

      £5.6mn penalty is Big Four firm’s fourth in past year

    • Wednesday, 23 November, 2022
      Lex
      Babcock: defence laggard must avoid further misfires Premium content

      Contractor needs to restore investors’ faith to spare it from more embarrassing retreats

    • Tuesday, 22 November, 2022
      Babcock expects boom in military training demand on back of Ukraine war

      UK defence contractor generates bulk of revenues from support activities including equipment maintenance

    • Thursday, 28 July, 2022
      BAE Systems PLC
      BAE and Babcock defy supply woes and inflation as profits rise

      UK’s top two defence groups expect Ukraine war to bring growth in orders

    • Monday, 17 January, 2022
      PwC
      UK accounting regulator extends probe into PwC over Babcock audits

      Watchdog to investigate defence contractor’s accounts of 2019 and 2020 as well as 2017 and 2018

    • Monday, 17 January, 2022
      Aerospace & Defence
      Babcock boss fears anti-defence lobby is hijacking ethical agenda

      The industry needs to be more robust about the important role it plays in protecting democracy, says David Lockwood

    • Monday, 13 September, 2021
      Aerospace & Defence
      Rolls-Royce and Babcock sell shares in AirTanker to boost balance sheets

      Private equity group Equitix to pay £315m for stake in RAF’s fleet of refuelling planes

    • Friday, 30 July, 2021
      Babcock shares tumble after it reveals £1.6bn loss

      Head of UK’s second-biggest defence company says group can be strengthened without an equity issue

    • Tuesday, 4 May, 2021
      Babcock prepares sale of rail business as overhaul continues

      Defence group also looks at disposal of parts of aerial emergency services division

    • Tuesday, 13 April, 2021
      Lex
      Babcock: positively buoyant with rights at bay Premium content

      Attack may be the best form of defence

    • Tuesday, 13 April, 2021
      Babcock to take £1.7bn writedown after contract review

      Shares surge as Britain’s second-biggest defence contractor avoids rights issue to shore up finances

    • Thursday, 8 April, 2021
      Aerospace & Defence
      Babcock braced for big asset writedown

      New chief executive expected to draw line under previous management

    • Thursday, 11 March, 2021
      Babcock in talks to sell offshore helicopter business to US group

      UK defence company agrees conditional deal with CHC amid strategic review

    • Monday, 8 March, 2021
      Babcock parts ways with long-term auditor PwC

      UK’s second biggest defence contractor signals fresh start under new management

    • Friday, 29 January, 2021
      Investments
      Next insider sells as retailer weathers the storm

      The retailer continues to impress despite market turmoil

    • Friday, 15 January, 2021
      Lex
      Babcock: crash dive Premium content

      Warning from defence services outsourcer fits with trend for wider UK outsourcing sector

    • Friday, 15 January, 2021
      Babcock warns of potential hit to balance sheet after contract review

      Shares dive 18% as UK defence company provides no financial guidance for this year

    • Wednesday, 1 July, 2020
      Babcock signals drive for change with chief executive appointment

      David Lockwood prepares to refocus business when he takes job in September

    • Thursday, 11 June, 2020
      Babcock defers dividend as group to miss profit margin targets

      UK defence contractor faces uncertainty from pandemic and deterioration in oil and gas market

    • Wednesday, 5 February, 2020
      Babcock chair unveils sweeping changes at top

      Chief executive of UK defence contractor to stand down in reshuffle

    • Thursday, 12 September, 2019
      UK defence industry
      Doubts over Type 31 frigate work for struggling yards

      H&W and Ferguson can bid on new contracts but without guarantees, warns Babcock

    • Thursday, 12 September, 2019
      UK defence spending
      Babcock group wins contract to build Royal Navy frigates

      Deal throws potential lifeline to collapsed shipyards in Northern Ireland and Scotland

    • Monday, 17 June, 2019
      LombardMatthew Vincent
      Serco’s approach for Babcock was a mismatch of missiles and mops

      Babcock offered a chance to move up to higher-margin defence engineering work

    • Monday, 17 June, 2019
      Serco Group PLC
      Babcock rebuffs approaches from rival Serco

      Defence contractor says the prospect of a deal has ‘no strategic merit’

    • Wednesday, 22 May, 2019
      Lex
      Babcock/defence: stock stress monster Premium content

      Submerged shares will eventually have to rise

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