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Babcock International Group PLC

  • Wednesday, 25 June, 2025
    Babcock shares top FTSE 100 as UK defence contractor raises profit targets

    British company reaps benefits of higher military spending amid heightened geopolitical tensions

    Workers in hi-vis clothing stand below the HMS Venturer as the frigate is rolled out from Babcock Rosyth in Scotland in May 2025
  • Monday, 2 December, 2024
    UK industrial strategy
    UK to unveil plans for new defence industrial council

    Ministers want to deepen government links with tech companies and start-ups

    Defence Secretary John Healey visits RAF Akrotiri in Cyprus
  • Friday, 5 January, 2024
    Personal Finance
    Investors’ Chronicle: Investment ideas for 2024

    Our sister publication’s annual look ahead

    A Royal Navy aircraft carrier built, in part, by Babcock
  • Tuesday, 14 November, 2023
    Babcock pays first dividend in 4 years ‘with confidence’

    Higher military spending and stronger balance sheet has made group’s results more predictable, says CEO

    Workers carry out maintenance on a ship in a dock operated by Babcock near the site of the Devonport freeport in Plymouth
  • Friday, 10 November, 2023
    Babcock wins £750mn UK submarine maintenance contract

    Defence company to upgrade infrastructure at the Devonport naval base

    Plymouth port area, including the site of the Devonport freeport, in England in March 2021
  • Thursday, 28 September, 2023
    Lex
    Babcock: defence contractor emerges from the depths Premium content

    Sensible targets and good execution explain why investors are taking another look at unloved stock

    A Vanguard nuclear submarine maintained by Babcock
  • Wednesday, 8 March, 2023
    PwC
    PwC fined by UK watchdog for failings in Babcock audits

    £5.6mn penalty is Big Four firm’s fourth in past year

    A section of Plymouth port
  • Wednesday, 23 November, 2022
    Lex
    Babcock: defence laggard must avoid further misfires Premium content

    Contractor needs to restore investors’ faith to spare it from more embarrassing retreats

    HMS Portland moored at a section of Plymouth port in England operated by Babcock
  • Tuesday, 22 November, 2022
    Babcock expects boom in military training demand on back of Ukraine war

    UK defence contractor generates bulk of revenues from support activities including equipment maintenance

    Workers carry out maintenance on a ship in a dock operated by Babcock International in Plymouth, UK
  • Thursday, 28 July, 2022
    BAE Systems PLC
    BAE and Babcock defy supply woes and inflation as profits rise

    UK’s top two defence groups expect Ukraine war to bring growth in orders

    BAE Systems military aircraft on display at the Farnborough International Airshow
  • Monday, 17 January, 2022
    PwC
    UK accounting regulator extends probe into PwC over Babcock audits

    Watchdog to investigate defence contractor’s accounts of 2019 and 2020 as well as 2017 and 2018

    PwC in Sofia
  • Monday, 17 January, 2022
    Aerospace & Defence
    Babcock boss fears anti-defence lobby is hijacking ethical agenda

    The industry needs to be more robust about the important role it plays in protecting democracy, says David Lockwood

  • Monday, 13 September, 2021
    Aerospace & Defence
    Rolls-Royce and Babcock sell shares in AirTanker to boost balance sheets

    Private equity group Equitix to pay £315m for stake in RAF’s fleet of refuelling planes

    F-35B Lightning jets during a refuelling exercise with an RAF Voyager
  • Friday, 30 July, 2021
    Babcock shares tumble after it reveals £1.6bn loss

    Head of UK’s second-biggest defence company says group can be strengthened without an equity issue

    HMS Portland is moored at a section of Plymouth port operated by Babcock International near the site of the Devonport freeport in Plymouth
  • Tuesday, 4 May, 2021
    Babcock prepares sale of rail business as overhaul continues

    Defence group also looks at disposal of parts of aerial emergency services division

    A helicopter operated by Babcock
  • Tuesday, 13 April, 2021
    Lex
    Babcock: positively buoyant with rights at bay Premium content

    Attack may be the best form of defence

    Workers carry out maintenance on a ship in a dock operated by Babcock International Group near the site of the Devonport freeport in Plymouth, UK
  • Tuesday, 13 April, 2021
    Babcock to take £1.7bn writedown after contract review

    Shares surge as Britain’s second-biggest defence contractor avoids rights issue to shore up finances

    UK nuclear submarine at at HM Naval Base Clyde, Faslane, Scotland
  • Thursday, 8 April, 2021
    Aerospace & Defence
    Babcock braced for big asset writedown

    New chief executive expected to draw line under previous management

    HMS Ambush alongside Valiant Jetty at Faslane
  • Thursday, 11 March, 2021
    Babcock in talks to sell offshore helicopter business to US group

    UK defence company agrees conditional deal with CHC amid strategic review

    A Babcock-operated shipyard in Rosyth, Scotland
  • Monday, 8 March, 2021
    Babcock parts ways with long-term auditor PwC

    UK’s second biggest defence contractor signals fresh start under new management

  • Friday, 29 January, 2021
    Investments
    Next insider sells as retailer weathers the storm

    The retailer continues to impress despite market turmoil

  • Friday, 15 January, 2021
    Lex
    Babcock: crash dive Premium content

    Warning from defence services outsourcer fits with trend for wider UK outsourcing sector

  • Friday, 15 January, 2021
    Babcock warns of potential hit to balance sheet after contract review

    Shares dive 18% as UK defence company provides no financial guidance for this year

  • Wednesday, 1 July, 2020
    Babcock signals drive for change with chief executive appointment

    David Lockwood prepares to refocus business when he takes job in September

    UK aircraft carrier, the ‘HMS Queen Elizabeth’, was built in a joint venture between Babcock International, BAE and Thales
  • Thursday, 11 June, 2020
    Babcock defers dividend as group to miss profit margin targets

    UK defence contractor faces uncertainty from pandemic and deterioration in oil and gas market

    An artist’s impression of Babcock’s Type 31 frigates: the company said the project was largely on track, despite disruption caused by coronavirus
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