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BAB - Babcock International News Story

225p 9.7  4.5%

Last Trade - 23/09/20

Sector
Industrials
Size
Mid Cap
Market Cap £1.14bn
Enterprise Value £2.92bn
Revenue £4.45bn
Position in Universe 355th / 1807

UPDATE 1-UK Stocks-Factors to watch on March 28

Tue 28th March, 2017 7:43am
(Adds company news items, futures) 
    March 28 (Reuters) - Britain's FTSE 100 futures  FFIc1  were up 0.4 percent 
ahead of the cash market open on Tuesday. 
     
    * TESCO: Britain's biggest retailer Tesco  TSCO.L  has agreed to pay a 129 
million pound ($162 million) fine to settle an investigation by prosecutors over 
a 2014 profit overstatement, it said on Tuesday. urn:newsml:reuters.com:*:nFWN1H40TE 
    * AA: Motoring group AA  AAAA.L  posted a full-year core profit of 403 
million pounds ($505.5 million) on Tuesday, steady from the previous year and in 
line with expectations, supported by growth in new business. urn:newsml:reuters.com:*:nL5N1H5104 
    * THOMAS COOK: British tour operator Thomas Cook  TCG.L  said it expected to 
hit its full-year operating targets after seeing early signs that tourists were 
returning to troubled markets Turkey and Egypt. urn:newsml:reuters.com:*:nFWN1H40T8 
    * WOLSELEY: Heating and plumbing products supplier Wolseley  WOS.L  reported 
a 25 percent rise in first-half profit, as growth in the United States more than 
made up for tough trading conditions in the UK and the Nordics. urn:newsml:reuters.com:*:nL3N1H43A5 
    * REDROW: British housebuilder Redrow  RDW.L  said on Tuesday it did not 
intend to make an offer to buy fellow builder Bovis  BVS.L  just over two weeks 
after its approach was rejected as too low. urn:newsml:reuters.com:*:nFWN1H40TI 
    * LADBROKES CORAL: British bookmaker Ladbrokes Coral Group  LCL.L  said on 
Tuesday 2016 operating profit rose about 22 percent despite paying out heavily 
on a number of gambler-friendly sports results towards the end of the 
year. urn:newsml:reuters.com:*:nL5N1H50ZU 
    * COBHAM: Aerospace and defence company Cobham  COB.L  said on Tuesday it 
would raise about 512.4 million pounds ($642.6 million) through its rights issue 
to pay down debt. urn:newsml:reuters.com:*:nL3N1H52DW 
    * TESCO: Two of Tesco Plc's  TSCO.L  biggest shareholders have called on the 
supermarket group to withdraw its 3.7 billion-pound ($4.7 billion) agreed offer 
for wholesaler Booker Group Plc  BOK.L , potentially casting doubt on the deal's 
progress.  urn:newsml:reuters.com:*:nL5N1H45BK 
    * LLOYDS OF LONDON: Lloyds of London, the world's largest speciality 
insurance market, will this week pick Brussels or Luxembourg for its planned 
European Union subsidiary, after Dublin had been an early favourite, sources 
say.  urn:newsml:reuters.com:*:nL5N1H43IY 
    * BREXIT: Qatar pledged 5 billion pounds ($6.3 billion) of investment in 
Britain on Monday in a show of support for the world's fifth-largest economy 
just two days before Prime Minister Theresa May triggers formal Brexit talks. 
 urn:newsml:reuters.com:*:nL5N1H44KL 
    * BRITAIN DEBT: The number of people seeking help from a leading British 
debt advice service hit a record high last year, reflecting a surge in borrowing 
by consumers and the financial strains on younger workers, the charity said on 
Tuesday.  urn:newsml:reuters.com:*:nL5N1H4270 
    * OIL: Oil prices rose on Tuesday, supported by a weak dollar, but crude 
continued to be weighed down by surging U.S. production and uncertainty over 
whether an OPEC-led supply cut is big enough to rebalance the market. 
 urn:newsml:reuters.com:*:nL3N1H51MT 
    * The UK blue chip FTSE 100  .FTSE  index closed down 0.6 percent at 
7,293.50 points on Monday, after the failure of U.S. President Donald Trump to 
push his healthcare reforms through Congress hit mining shares and Babcock 
 BAB.L  fell after exiting a contract.  urn:newsml:reuters.com:*:nL5N1H44PZ 
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets 
     
 
    TODAY'S UK PAPERS 
    > Financial Times                       PRESS/FT  
    > Other business headlines              PRESS/GB  
 Multimedia versions of Reuters Top News are now available for: 
 * 3000 Xtra    : visit http://topnews.session.rservices.com 
 * For Top News : http://topnews.reuters.com 
 
 (Reporting by Siju Varghese; Editing by Sherry Jacob-Phillips) 
 ((siju.varghese@thomsonreuters.com; Tel: +91 80 6749 3687; Reuters Messaging: 
siju.varghese.thomsonreuters.com@reuters.net)) 
 
Keywords: BRITAIN STOCKS/FACTORS
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