Key Developments: Babcock International Group PLC (BAB.L)

BAB.L on London Stock Exchange

27 Feb 2015
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Latest Key Developments (Source: Significant Developments)

Babcock International Group PLC comments on FY 2014/15 guidance
Tuesday, 10 Feb 2015 02:00am EST 

Babcock International Group PLC:Says that it remains confident the Group will continue to make strong progress during this year and that the results for the FY 2014/15 will be in line with its expectations.  Full Article

Babcock International Group PLC's Cavendish Nuclear signs EDF Energy Lifetime Enterprise agreement and strategic partnership
Tuesday, 20 Jan 2015 05:00am EST 

Babcock International Group PLC:Says Cavendish Nuclear, its wholly owned subsidiary, has renewed its long-term agreements to support the operation of EDF Energy's nuclear power stations in the UK.Cavendish Nuclear has signed a Lifetime Enterprise Agreement (LEA) and Strategic Partnership for Lifetime Interface Agreement with EDF Energy.The agreements cover the continuation of fuel route and other services to the EDF fleet of Advanced Gas-cooled Reactor (AGR) and Pressurised Water Reactor (PWR) stations, currently worth over 40 mln pounds per year.It also creates the potential for growth through the provision of additional services.These agreements will be in place until the last of the AGR stations stop generating electricity, currently estimated to be in 16 years.  Full Article

Babcock International Group Plc enters into contracts with the UK Ministry of Defence
Wednesday, 17 Dec 2014 02:00am EST 

Babcock International Group Plc:Says further to the announcement of Nov. 19.Says it has entered into contracts with the UK Ministry of Defence for the acquisition of the Defence Support Group (DSG) and its associated service provision contract.Says through this Babcock will exclusively provide the maintenance, repair, overhaul and storage of a range of current military vehicles and light weapons.Says it will acquire DSG for a consideration of 140 mln Pounds and estimates that the service provision contract and output based services will be worth c 2 bln Pounds over ten years.Says it is expected the acquisition will complete on March 31, 2015 and the service provision contract will start on April 01, 2015.  Full Article

Babcock International Group PLC declares dividend
Thursday, 20 Nov 2014 02:01am EST 

Babcock International Group PLC:Says an interim dividend of 5.5 pence per 60 pence ordinary share was declared after the balance sheet date.Says it will be paid on Jan. 14, 2015 to shareholders registered on Dec. 12.  Full Article

Babcock International Group PLC gives FY 2015 revenue guidance below analysts' estimates-conference call
Wednesday, 19 Nov 2014 11:00pm EST 

Babcock International Group PLC:Expects FY 2015 revenue growth in low double digit.Reported revenue of 3.547 bln pounds in FY 2014.FY 2015 revenue of $4.544 bln pounds-Thomson Reuters I/B/E/S.  Full Article

Babcock International Group PLC's and Fluor Corp's joint venture awarded contract
Monday, 1 Sep 2014 05:01am EDT 

Babcock International Group PLC:Says Cavendish Fluor Partnership, a joint venture between Cavendish Nuclear (a wholly owned subsidiary of Babcock International Group PLC) and Fluor Corp, has on Sept. 1, 2014, been formally awarded contract to manage 12 UK nuclear sites.And their respective decommissioning programmes, having officially taken ownership of Magnox Ltd and Research Sites Restoration Ltd (RSRL).Contract awarded to Cavendish Fluor Partnership by Nuclear Decommissioning Authority (NDA) takes effect immediately and makes the Cavendish Fluor Partnership new Parent Body Organisation for two Site Licence Companies, Magnox and RSRL.Allowing for changes to bid scope the total contract value is expected to be around 4.2 bln pounds for 13.5 years.Cavendish Fluor Partnership will be responsible for the delivery of 12 sites to an agreed and defined point for each; either interim end state or into care and maintenance.  Full Article

Babcock Intnl Group announces contract award
Friday, 1 Aug 2014 02:00am EDT 

Babcock Intnl Group:Awarded new contract to supply and support training to the Armed Forces.Contract will be in support of training at Defence College of Technical Training and be located at their Schools.  Full Article

Babcock International Group PLC appoints Finance Director
Tuesday, 29 Jul 2014 02:01am EDT 

Babcock International Group PLC:Franco Martinelli has been appointed as Group Finance Director and will join the Board of Babcock as an Executive Director.  Full Article

Babcock International Group PLC sees FY 2015 outlook in line with expectations
Monday, 21 Jul 2014 02:00am EDT 

Babcock International Group PLC:Expects results for FY 2015 to be in line with its expectations.  Full Article

Babcock International Group PLC completes acquisition
Monday, 30 Jun 2014 08:35am EDT 

Babcock International Group PLC:Completes acquisition of 84.6 pct of SAA.Says for cash consideration of 206 mln Swedish crown(18 million pounds) and acquired net debt of 484 mln Swedish crown (42.5 mln pounds).  Full Article

UPDATE 1-Britain to award U.S. firm Leidos military logistics contract

LONDON, Feb 19 - Britain said it would award a contract to run military logistics to Leidos Holdings Inc , a U.S. company specialising in defence and health services, as part of a plan to save 500 million pounds ($772 million) over 13 years.

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