UK's Babcock International rises after $270.64 million buyback announcement

Babcock International

13/05/2026 08:42

** Shares of defence contractor Babcock International BAB.L  up 3.2% at 1040.5 pence

 **  Co announces new 200 million pounds ($270.64 million) share buyback

** Co reports 19% rise in FY26 underlying operating profit and reaffirms FY27 expectations
** Up to Tuesday's close, the stock had fallen nearly 19% YTD

($1 = 0.7390 pounds)

(Reporting by Simone Lobo in Bengaluru)

((Simone.Lobo@thomsonreuters.com, +919920570373))