Key Developments: Babcock International Group PLC (BAB.L)
1,135.00GBp
12:15pm EDT
5.00p (+0.44%)
1,130.00p
1,129.00p
1,141.00p
1,117.00p
681,843
660,612
1,207.00p
833.00p
Latest Key Developments (Source: Significant Developments)
Babcock International Group Plc Wins GBP50 Million Fleet Management Contract With Aggregate Industries
Babcock International Group PLC announced that it has been awarded a GBP50 million, 5 year contract by Aggregate Industries, part of the Holcim Group, to provide a fleet management service for its heavy mobile equipment (HME) across its UK operations. The contract, which becomes operational immediately, is based on availability and is underpinned by service level guarantees. Full Article
Babcock International Group PLC Recommends Final Dividend
Babcock International Group PLC announced that the Board is recommending a final dividend of 20.0 pence per share. This will give a total dividend for the year of 26.3 pence per share, an increase of 16% (2012: total dividend 22.7 pence per share). The dividend will be paid on August 8, 2013 to shareholders on the register at close of business on July 5, 2013. Full Article
Babcock International Group PLC Sees FY 2013 Results Will Be In Line With Previous Expectations
Babcock International Group PLC announced that fiscal 2013 financial results will be in line with previous expectations and will show strong progress on the previous year. Full Article
Babcock International Group PLC Announces Acquisition of LGE Process From Weir Group Plc
Babcock International Group PLC announced that it has acquired LGE Process (LGE) from The Weir Group PLC for an enterprise value of GBP23 million. LGE, based in Edinburgh, designs and builds plants for the processing, storage and handling of liquid gases and is in the supply of these solutions to the marine and onshore liquid gas sectors. LGE will be combined with Babcock's Design Services (DS) business unit, within the Marine and Technology division. Full Article
Babcock International Group PLC Declares Interim Dividend
Babcock International Group PLC announced that the interim dividend of 6.30 pence per share (2011: 5.70 pence per share), an increase of 10.5% over last year. This will be paid on January 11 , 2013 to shareholders on the register at December 14 , 2012. Full Article
Babcock International Group PLC Promotes To FTSE 100-Reuters
Reuters reported that Man Group Plc will be demoted from Britain's FTSE 100. FTSE following the index's latest quarterly review, with Babcock International moving the other way from the midcaps, index provider FTSE said. Shares in defence services firm Babcock have gained nearly 15% over the same period, boosted by expectations that government austerity policies will benefit the Company, which owns the Devonport dockyard where British navy submarines are maintained. Man Group shares were in 156th place, while Babcock was placed 83rd, based on market capitalisation data for Friday's close, according to Thomson Reuters Starmine data. This quarter's review used the closing prices from Friday, rather than the usual Tuesday closing prices because of this week's two UK bank holidays, but the changes had to be confirmed by a FTSE committee on Wednesday Full Article
Babcock International Group PLC Recommends Final Dividend
Babcock International Group PLC announced that the Board has recommended a final dividend of GBP0.17 per share. This will give a total dividend for the year of GBP0.227 per share, an increase of 17% (2011: total dividend GBP0.194 per share). The dividend will be paid on August 7, 2012 to shareholders on the register at close of business on July 6, 2012. Full Article
Babcock International Group PLC Secures Naval Support Contract For Australian Anzac Class Frigates
Babcock International Group PLC announced that it has entered into a partnership with UGL Infrastructure Pty Ltd (UGL), which has been selected as the preferred tenderer for the Anzac Ship Group Maintenance Contract (GMC) in Australia. The GMC will provide support to the Royal Australian Navy's eight Anzac class frigates. The contract is expected to be valued at AUD300 million (GBP200 million) over an initial five year period, with an option to extend for a further five years. The final contract is expected to be signed by the end of June 2012 and become operational, after a transitional phase, on January 1, 2013. Full Article
Babcock International Group PLC Signs New Contract With BBC World Service
Babcock International Group PLC announced that it has won a new 10 year contract to continue providing services relating to the transmission and distribution of radio and television for the BBC World Service. The contract is worth around GBP 200 million over the 10 year period. The contract would start on April 1, 2012. Full Article
Babcock International Group PLC Awarded Devon County Council Schools Contract
Babcock International Group PLC announced that it has been selected by Devon County Council (DCC) as the preferred bidder for its new seven year contract to deliver education and inclusion support and improvement services to schools in Devon. Following this announcement, there will be a mandatory 10 day standstill period before final contract award. The contract is expected to become operational in April 2012. The contract is estimated to be worth in the order of GBP 125 million over the period and will be operated through a new partnership between Babcock and DCC. The key services being delivered under the contract are School Improvement, Inclusion Services and Learner Support, Curriculum Enrichment, Workforce Training and Development, Business Management and Resources. Full Article
CORRECTED-UPDATE 2-Babcock sees strong end to full year
(Corrects title in third paragraph to finance firector, from chief executive.)
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