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BAB - Babcock International News Story

217.8p -4.9  -2.2%

Last Trade - 18/09/20

Sector
Industrials
Size
Mid Cap
Market Cap £1.13bn
Enterprise Value £2.91bn
Revenue £4.45bn
Position in Universe 359th / 1806

BUZZ-Babcock Int'l: Hits over 14-year low as Q1 profit sinks

Tue 4th August, 2020 9:09am
** UK engineer Babcock International  BAB.L  down 13.6% at
250.4p, lowest since March 2006, after Q1 underlying profit
falls ~40% 
    ** Biggest intraday loss in over four years
    ** Stock biggest loser on midcap index  .FTMC 
    ** Co's operations hurt by higher costs from new safety
measures to contain the coronavirus  urn:newsml:reuters.com:*:nL4N2F61SA
    ** BAB also hit by writedowns in its oil and gas aviation
unit and delays in contracts
    ** Stock down ~54% YTD, as of last close


    
    

 (Reporting by Tanishaa Nadkar in Bengaluru)
 ((Reuters Messaging:
tanishaa.nadkar.thomsonreuters.com@reuters.net))
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