Skip to content
CityAM
Main navigation
Sign Up
  • News
    • Latest News
    • Property
    • Media
    • Technology
    • Retail and leisure
    • Transport and infrastructure
    • Law & professional services
    • Legal Notices
    • Banking
    • Politics
    • CFA Institute Talk
    • The University of Bath
    • AON
  • Markets & Economics
    • Markets & Economics News
    • Economics
    • Markets
    • The Trend Micro Cybersecurity Knowledge Hub
    • Talk Crypto
    • Schroders Talk
    • M&A Talk
  • Crypto A.M.
    • Crypto News
    • Crypto Magazine
    • Crypto AM Summit & Awards 2022
  • Opinion
    • Features
    • Letters
    • The City View
  • Money
    • Jobs and Money News
    • Personal Development
    • Jobs
    • Fintech
    • Money
    • Personal Finance
    • Doceo
    • Warwick Business School
    • 10 solutions to help you plan for a more secure future
    • 10 ways to run a more efficient business
    • Eight Finance and Legal Solutions to help you make better use of your Assets
    • The Business Guide
  • Unwind
    • Life & Style
    • Sport
    • The Punter
    • LIV Golf
    • Travel
    • Sport Business
    • The Punter Podcast
    • Aramco Team Series
    • Culture
    • Green Economy
    • The Magazine
    • The DiverCity Podcast
  • Impact A.M.
  • Latest Paper
  • Jobs
  • CityAM Awards 2023

Babcock International Group

  • British defence titans boosted by global tensions

    rising profits

    Britain’s defence titans are benefiting heavily from the volatility sweeping the geopolitical stage, with profits on the rise, full-year outlooks cemented and blockbuster contracts in the pipeline. London-listed defence engineer Babcock today posted a underlying operating profit of £121.7m for the six-months ended to the end of September, compared to £115.3m a year earlier. Meanwhile [...]

  • Babcock to sell emergency aviation division as part of disposal programme

    Babcock's offloads

    UK Government contractor Babcock is reportedly in talks to sell its emergency aviation services as part of its disposal programme. The group is expected to sell the division to infrastructure investment manager Ancala Partners for around £100m, Sky News broke the news today. The UK Air Ambulance fleet is part of Babcock’s division but it [...]

  • Babcock expects to post a loss this year due to Covid-19 pressures

    Defence

    British defence contractor Babcock said it expects to record a significant loss in the financial year 2021/22, due to the impacts of Covid-19 on the global economy. The London engineering company said its efforts to manage its costs, in the face of supply chain pressures and soaring inflation, would deliver savings of £20m this financial [...]

  • Babcock finalises AirTanker £95m sale as part of disposal programme

    February 10, 2022

    Engineering giant Babcock has finalised the £95m disposal of its 15.4 per cent stake in air transport firm AirTanker. A joint venture between Airbus, Thales and Rolls-Royce, AirTanker owns its 14 A330 Voyager planes, which uses for air-to-refuelling services for the UK Ministry of Defence. The company, part of Babcock’s aviation sector and accounted as [...]

  • Babcock finalises sale of energy business as it seeks to streamline operations

    December 24, 2021

    Babcock has finalised the sale of its energy business today for a total of £50m, as it seeks to streamline the company. The London-based aerospace, defence and nuclear engineering services company, had been delivering power to National Grid, Scottish Power Energy Networks and Western Power Distribution. The energy unit, which pulled in a £70m profit [...]

  • Babcock sells engineering business to KBR for £293m

    October 6, 2021

    Defence giant Babcock has today announced that it will sell engineering subsidiary Frazer-Nash Consultancy to fellow infrastructure player KBR for £293m. The sale is the first step in a plan to cull £400m worth of contracts over the next 12 months to fix the FTSE 100 firm’s battered balance sheet. Shares in the London-headquartered firm [...]

  • Rolls-Royce and Babcock sell stakes in RAF refuelling business for £315m

    September 13, 2021

    Industrial heavyweights Babcock and Rolls-Royce today sold off their respective stakes in Air Tanker, the company which owns the RAF’s fleet of refuelling planes. The two firms, which owned a combined 40 per cent of Air Tanker, are both on something of a disposal spree after taking a hefty hit from the pandemic. Rolls-Royce, which [...]

  • Babcock teams up with encryption tech firm to boost unmanned vehicle and AI capabilities

    August 24, 2021

    Defence giant Babcock said today it is has formed a partnership with quantum encryption technology Arqit to jointly test and experiment with a range of use case scenarios and practical applications for government and defence customers to demonstrate the encryption capabilities. Testing will include planned participation in a number of UK Government funded projects.   Specific projects of focus include [...]

  • Babcock shares plummet after defence firm books £2bn writedown

    July 30, 2021

    Defence giant Babcock saw its shares plunge 11.6 per cent this morning as it posted a whopping £1.6bn loss on the back of £2bn in impairment charges after a review of its contracts. The FTSE blue chip said that it would now focus solely on being an international aerospace, defence and security company. Over the [...]

  • Babcock in talks with five countries over Type 31 frigate sales

    June 30, 2021

    Defence giant Babcock is in talks with five other countries over selling them basic versions of the Royal Navy’s new Type 31 frigate. Speaking to MPs today, the FTSE 100 firm’s chief executive David Lockwood confirmed that Greece, Indonesia and Poland were all potential customers. He declined to name the other two countries, although Babcock [...]

Posts navigation

  • Page 1
  • Page 2
  • Page 3
  • …
  • Page 5
  • Next

Trending Articles

  • Reddit user's outrageous pan project sends internet into meltdown

  • UK inks 10-year deal with Moderna to produce 250m vaccines in event of another pandemic

  • 888: Share price tumbles after gambling boss quits amid money-laundering probe

  • House prices: Zoopla says UK property market is off to 'slow burn start' with London flats in most demand

Subscribe

Subscribe to the City A.M. newsletter to have our top stories delivered directly to your inbox.

Subscribe
  • About us
  • Advertising
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • News
  • Markets & Economics
  • Opinion
  • Jobs and Money
  • Unwind
  • Crypto A.M.
  • The Punter
  • COP 26
  • Awards 2023

Follow us for breaking news and latest updates

  • Newsletters
  • Latest paper
  • Advertising
  • CryptoAM.io
  • Awards
  • About
  • Tickets
Copyright 2023 City A.M. Limited