Babcock begins cost dispute over UK Ministry of Defence contract
(Alliance News) - Babcock International Group PLC on Thursday said it has begun a dispute resolution process regarding its Type 31 contact with the UK Ministry of Defence.
Read moreTue, 04th May 2021 11:21
(Alliance News) - Babcock International Group PLC on Thursday said it has begun a dispute resolution process regarding its Type 31 contact with the UK Ministry of Defence.
Read more(Alliance News) - Stock prices in London edged into the red, following tepid trade in the US and Asia, while oil prices continued to fall on a weak global demand outlook, dragging down oil company shares.
Read more(Sharecast News) - UK defence engineer Babcock on Thursday said it may have to take a hit of up to £100m on a Royal Navy frigate contract after inflation pushed build costs higher as it argued with the government over who should pick up the bill.
Read more(Alliance News) - Stocks in London were called to open flat on Thursday, as tepid trade in equities continued globally.
Read more(Alliance News) - The UK Financial Reporting Council on Wednesday announced it fined PricewaterhouseCoopers for its 2017 and 2018 annual earnings audits of defence contractor Babcock International Group PLC.
Read more(Sharecast News) - PwC has been hit with a £7.5m fine by the UK's accounting regulator for "serious breaches" on audits of engineer Babcock.
Read more(Sharecast News) - Citi has downgraded Babcock International Group to 'neutral' on concerns about legacy issues.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:
Read more(Alliance News) - Babcock International Group PLC on Wednesday said it completed the sale of aerial emergency services businesses to Ancala Partners LLP for EUR136.2 million.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:
Read moreBabcock International Group PLC - London-based defence contractor, focused on aerospace, defence and nuclear engineering services, specialising in managing complex assets and infrastructure - Signs framework agreement with Daresbury, Cheshire-based 3D metal printing company Additure. Agreement aims to enhance Babcock's digital manufacturing capability within its Land business.
Read more(Alliance News) - Stock prices in London were trading sideways at midday on Wednesday as investors mulled the future of interest rates in the UK, following fresh data that revealed inflation cooled in January.
Read more(Sharecast News) - Defence company Babcock International said on Wednesday that it has been awarded a £400m contract to manage and operate Skynet, the UK Ministry of Defence's (MOD) military satellite communications system.
Read more(Alliance News) - Babcock International Group PLC on Wednesday said that it has been awarded the contract to manage and operate Skynet, the UK Ministry of Defence's military satellite communications system.
Read moreBabcock International Group PLC - London-based aerospace, defence and nuclear engineering services - Wins 10-year "multi-million" contract with two partners for support of air transit and aircraft operation equipment from the Aeronautical Maintenance Department of the French Ministry of Armed Forces. Doesn't specify the exact value of the contract, which will involve work by technicians at 26 military bases in France and abroad. Operations will begin in the first half of 2023, with Babcock responsible for fleet management. Babcock says the deal is its first significant land sector contract in France. "This new contract places us in a good position for future opportunities in the land sector and with the French armed forces," says Pierre Basquin, chief executive officer of Babcock France.
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