BAB.L - Babcock International Group PLC

LSE - LSE Delayed Price. Currency in GBp
+10.20 (+1.82%)
At close: 4:35PM GMT
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Previous Close561.80
Bid5.20 x 168900
Ask624.00 x 76000
Day's Range559.71 - 575.40
52 Week Range471.90 - 868.00
Avg. Volume2,060,480
Market Cap2.886B
Beta (3Y Monthly)1.27
PE Ratio (TTM)12.04
EPS (TTM)47.50
Earnings DateMay 22, 2019
Forward Dividend & Yield0.30 (5.39%)
Ex-Dividend Date2018-12-06
1y Target Est779.00
  • Reuters3 days ago

    Britain to tackle doubts about outsourcing risks with new guidelines

    Britain's government will take measures to identify and reduce risks taken by private firms that provide public services, it will say on Wednesday, in a bid to encourage companies that have become increasingly wary of taking on new government business. Britain, which hires private firms to run parts of its health service, schools, prisons and public transport, has been rethinking how it awards contracts after the collapse of contractor Carillion just over a year ago. "A more considered approach to risk allocation will make us a smarter, more attractive client to do business with," cabinet office minister Oliver Dowden will tell business leaders at the Confederation of British Industry on Wednesday.

  • Financial Times12 days ago

    [$$] MoD under fire over £1bn support vessels tender

    The Ministry of Defence has come under renewed pressure over its decision to put a £1bn contract to build support vessels for the Royal Navy out to international tender amid rising fears of job losses at British shipyards. Julian Lewis, the Conservative MP who chairs the House of Commons defence select committee, has written to Stuart Andrew, the minister for defence procurement, asking why the government did not classify the three auxiliary ships as warships. In the letter, which was sent last week, Mr Lewis pointed out that both Italy and France classified their equivalent ships as warships and decided to follow a single-source procurement process.

  • Babcock eyes expansion but sees no quick fix for 'nightmare' year
    Reuters16 days ago

    Babcock eyes expansion but sees no quick fix for 'nightmare' year

    Britain's Babcock aims to expand its foreign business but will not chase risky growth to resolve a "nightmare" period in which the engineering group's management and stock price came under fire, Chief Executive Archie Bethel said on Wednesday. Babcock, a key supplier of engineering and defence services to Britain's Ministry of Defence with around £5 billion in annual revenue, has lost 25 percent of its stock market value in the past six months. Providing services ranging from the maintenance of nuclear submarines to aerial fire-fighting across Europe, Babcock now needs to rebuild its reputation and repair ties with investors.

  • Reuters18 days ago

    Too little too late? No-deal Brexit planning shakes service suppliers

    From Britain's hospitals and schools to its prisons and armed forces, firms supplying essential public services have been asked by the government to outline plans for a no-deal Brexit. "The government has written to some of us asking us 'what are you doing in preparation for a no-deal?' - which is timely, at eight weeks to go," one industry source told Reuters, speaking on condition of anonymity. Private firms including Babcock, Capita, Serco, G4S, Mitie and Compass play a central role in providing Britain's public services, which means they have to procure medicines, toiletries, food, spare parts and labour, much of which come from the EU.

  • Should Babcock International Group PLC’s (LON:BAB) Weak Investment Returns Worry You?
    Simply Wall St.18 days ago

    Should Babcock International Group PLC’s (LON:BAB) Weak Investment Returns Worry You?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today we'll evaluate Babcock International Group PLC Read More...

  • Reuterslast month

    British outsourcing market shrank by more than a quarter in 2018 - ISG

    The British outsourcing market shrank 27 percent to 2.5 billion euros (£2.2 billion) in 2018, weighed down by uncertainty around the nation's decision to leave the European Union, research firm Information Services Group (ISG) said on Friday. In Europe, the Middle East and Africa (EMEA) traditional business services contracted out to the sector, providing work for companies such as Capita, Serco and Mitie, rose 9 percent year-on-year however to 12.9 billion euros in 2018. Within that, traditional services which do not require cloud computing shrank 6 percent but other services which do expanded by almost half to 4.9 billion euros, the research found.

  • Reuterslast month

    Babcock chairman Mike Turner to step down in July

    EDINBURGH (Reuters) - The chairman of British engineering firm Babcock (BAB.L), Mike Turner, will step down in July, the group said on Thursday, after a decline in its share price and company warnings ...

  • Tweedy Browne Global Value Buys 3 Stocks in 4th Quarter
    GuruFocus.comlast month

    Tweedy Browne Global Value Buys 3 Stocks in 4th Quarter

    Fund management follows Ben Graham and favors the UK and Switzerland

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of BAB.L earnings conference call or presentation 21-Nov-18 9:00am GMT

    Half Year 2019 Babcock International Group PLC Earnings Call

  • Francisco Garcia Parames' Top 5 Holdings as of 3rd Quarter
    GuruFocus.com2 months ago

    Francisco Garcia Parames' Top 5 Holdings as of 3rd Quarter

    Top holding in 'Spanish Warren Buffett’s' portfolio is Swiss packaged goods company Aryzta

  • Reuters3 months ago

    European shares snap five-day losing streak as tech, Italy banks rebound

    By Danilo Masoni and Helen Reid MILAN/LONDON (Reuters) - European shares rose on Wednesday in a broad-based bounce that saw the battered tech sector recover following a sharp sell-off on worries over iPhone ...

  • Reuters3 months ago

    Babcock sees review of returns policy once in right shape - CEO

    EDINBURGH (Reuters) - British engineering and defence services firm Babcock (BAB.L) expects to review shareholder returns policy once it is in the right shape, Chief Executive Archie Bethel told analysts ...

  • Reuters3 months ago

    UK's Babcock shares slump after one-off charge, nuclear outlook cut

    British engineer Babcock (BAB.L) will take a charge of 120 million pounds to shrink parts of its business after it warned that income from nuclear decommissioning would fall sharply next year, sending its shares tumbling. Babcock, a key partner of Britain's Ministry of Defence (MoD), has come under intense scrutiny in recent weeks after an anonymous research group questioned the management of its business, meaning its results had been highly anticipated. On Wednesday the group said the exceptional charge would cover the closure of a shipyard and the restructuring of its Oil and Gas business, including the sale of helicopters facing less demand for transporting workers to offshore platforms.

  • Reuters3 months ago

    Babcock says cash cost of shoring up balance sheet not material

    British engineering firm Babcock (BAB.L) said on Monday the net cash cost of strengthening its business would not be material as it sought to allay doubts about its financial health which have hit its shares and management reputation. Shares in Babcock, whose biggest client is Britain's Ministry of Defence, have fallen around four percent in the past week and by around one fifth in the past six months. Sky reported on Friday that an exceptional and partly non-cash charge of up to 100 million pounds ($128.53 million) was possible as part of half year results, and that the company was in the process of quantifying the amount.

  • Short-Sellers Go On Nuclear Offensive in Britain
    Bloomberg3 months ago

    Short-Sellers Go On Nuclear Offensive in Britain

    The British engineering and support services group trains the London Fire Brigade and it operates aircraft that extinguish forest blazes in Spain and Italy. After the collapse of another U.K. outsourcer, Carillion Plc, and amid concerns about constrained defense budgets (much of Babcock’s work is for the military) bearish investors hold short positions covering 9 percent of the stock, according to IHS Markit.