Contract wins lift Babcock

Shares in support services firm Babcock International yesterday hit a 52-week high yesterday after announcing a double contract win. The BBC World Service is to pay Babcock £200m over the next ten years for providing services related to the transmission and distribution of radio and television broadcasts. Babcock has been working with the BBC for the last 15 years on a string of projects. Babcock has also won a £125m contract with Devon County Council to provide school improvements, workforce training and “curriculum enrichment” services over the next seven years.