Babcock deputy quits after attacking defence shake-up

City A.M. Reporter
Lord Hesketh, the deputy chairman of Babcock, has resigned after he labelled the Royal Navy's aircraft carrier programme a "disaster".

His resignation from the engineering group followed a report in the Daily Telegraph in which he was reported as saying the project would make the country a "laughing stock".

Babcock is building the carriers at its shipyard in Rosyth.