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BAB - Babcock International News Story

284.2p -12.8  -4.3%

Last Trade - 13/08/20

Mid Cap
Market Cap £1.44bn
Enterprise Value £3.22bn
Revenue £4.45bn
Position in Universe 332nd / 1816

BUZZ-Babcock: Falls on weak profit outlook, oil & gas unit write down

Wed 12th February, 2020 8:35am
** Shares of engineering firm Babcock International  BAB.L 
down 2.2% at 544p - among biggest losers on FTSE 250  .FTMC 
    ** Company nudges down profit outlook and wrote down value
of oil and gas transportation business*:nL8N2AC1NI
    ** Stock hits lowest level since November
    ** Company says has been hit by delays in award of new
contracts for aerial emergency services in Italy and Spain
    ** Up to Tuesday's close, stock down ~11% this year,
underperforming FTSE micaps that are down ~1% for the same

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