Babcock Share News (BAB)

IN BRIEF: Babcock wins French military aircraft support contract

Babcock 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.

Oil stocks power FTSE 100 to over two-month high

Oil stocks surge; Citi upgrades BP

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LONDON MARKET CLOSE: Eyes turn to US Fed minutes; oil lifts FTSE 100

(Alliance News) - Stocks in London were broadly higher at the close on Tuesday, ahead of the publication of US Federal Open Meeting Committee minutes tomorrow at at 1900 GMT.

Babcock International backs annual outlook amid "good visibility"

(Alliance News) - Babcock International Group PLC on Tuesday maintained annual guidance after a first-half revenue improvement, though profit declined.

CORRECT: LONDON MARKET OPEN: Oil stocks lift FTSE amid China concerns

(Correcting Fresnillo is gold and silver miner, and Comision Federal de Electricidad is Mexican state-owned power company.)

LONDON MARKET OPEN: Oil stocks lift FTSE 100; China concerns persist

(Alliance News) - London's FTSE 100 index was outperforming on Tuesday morning as a rising Brent price lifted its heavyweight oil stocks, while other equities were shaken by further Covid measures in China.

LONDON BRIEFING: FTSE 100 called higher as oil prices firm overnight

(Alliance News) - Stocks in London were called slightly higher on Tuesday, as a rising Brent oil price supported the FTSE 100 index, despite unease over Covid-related developments in China.

Babcock profits rise as focus turns to combating inflation

(Sharecast News) - UK defence engineer Babcock reported a rise in interim profits and held full-year expectations as it focused on countering rising material costs.

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: Peel cuts Persimmon; Liberum raises Hammerson

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Berenberg starts Babcock at 'buy', shares surge

(Sharecast News) - Babcock surged on Tuesday after Berenberg initiated coverage of the stock at 'buy' with a 425p price target, saying it was an "unanchored value proposition".

LONDON BRIEFING: AB Foods share buyback; Persimmon sales rate weakens

(Alliance News) - Stocks in London are seen opening lower on Tuesday, as a cautious start to the week continues, with focus shifting to US politics.

LONDON BROKER RATINGS: Goldman cuts Shell; Redburn likes BAE Systems

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Babcock wins GBP492 million contract with Australian Defence Force

(Alliance News) - Babcock International Group PLC on Friday said Babcock Australia has won a ten-year contract with the Australian Defence Force, worth around GBP492 million.

Babcock secures 10-year contract with Australian Defence Force

(Sharecast News) - Babcock International said on Friday that its Australian business has been awarded a AUD877m (circa £492m) multi-year programme to upgrade the Australian Defence Force's Defence High Frequency (HF) Communications System.