Babcock shares surge as nuclear subsidiary lands 10-year contract
Cavendish Nuclear to supply Sellafield with specialist handling and containment systems
Babcock sees no changes from new accounting standard December 2017
New rules effective from January 1, 2018
Babcock shares rally as group reiterates FY guidance September 2017
Company continues to make progress across all business sectors
Company trading in line with expectations
Babcock share price: Group reports trading in line with expectations
Longer-term tracking pipeline increases in sizeFebruary 2017
Babcock share price: Half-year revenue rises 6%
Group hikes dividend 7% to 6.50 pence per shareNovember 2016
Babcock share price: Group trading in line with expectations
Operations in Europe will continue to be delivered by locally-based companiesJuly 2016
Babcock share price: Group updates on full-year performance
Company hikes payout to shareholdersMay 2016
Babcock share price: Group secures six-year contract with MoD
Support services company to provide and manage ministry’s white fleet of vehiclesFebruary 2016
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Babcock share price climbs on 43% annual profit rise
Babcock share price up amid promising start to 2015May 2015
Babcock reaffirms full-year outlook
Support services group warns on oil price impactFebruary 2015
Group loses out on Ministry of Defence contracts
Company no longer in the running for defence property workJune 2014
Cavendish Fluor awarded £7bn contract
Company awarded £7bn contract as part of consortiumMarch 2014
Group named preferred bidder for National Rail works
Engineering group wins work across three geographic lotsMay 2014
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About Babcock International Group PLC
Babcock International Group Plc (LON:BAB) is an engineering support services organisation.
Babcock Internationalâs divisions include Marine & Technology, Defence & Security, Support Services and International. The Marine & Technology division delivers a range of engineering services to commercial and defence markets in the UK and overseas. The Defence and Security unit provides infrastructure, equipment support and military training to the UKâs armed services. The Support Services division provides education services, manages critical assets and delivers complex programmes. Babcockâs International division provides support services for Africa and the Middle East.
As of 2013, Babcock had revenue of over Â£3.2 billion and an order book of about Â£12 billion. The company employs about 26,000 people.
Babcock Internationalâs registered office is in London and the company is listed on the London Stock Exchange. Babcock International is a constituent of the FTSE 100 index.
Babcock International traces its history back to 1891 when US company Babcock & Wilcox formed a separately financed company in the UK under the name Babcock & Wilcox Ltd. The company established its own manufacturing facility in 1895 and during the two world wars developed a large defence business. From the 1960s, the company became increasingly involved in nuclear energy. After merging with engineering and manufacturing company FKI Plc in 1987, Babcock demerged in 1989 and continued as a multinational energy engineering group.