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

BAB.L on London Stock Exchange

1,092.00GBp
11:40am EDT
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11.00p (+1.02%)
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1,081.00p
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Latest Key Developments (Source: Significant Developments)

Babcock International Group PLC proposes acquisition of Avincis Groupand fully underwritten 1,100 mln Pound rights issue
Thursday, 27 Mar 2014 03:00am EDT 

Babcock International Group PLC:Enters into conditional agreement to acquire entire issued share capital of Avincis for 920 mln Pound from World Helicopters S.à r.l.Will also assume Avincis's net debt of 705 mln Pound.Acquisition will be funded through fully underwritten rights issue of 5 New Ordinary Shares at 790 pence each for every 13 Existing Ordinary Shares, raising about 1,100 mln pound, before expenses.  Full Article

Babcock International Group gives FY 2014 EPS guidance above analysts' estimates
Wednesday, 26 Mar 2014 11:01pm EDT 

Babcock International Group PLC:Expects that underlying earnings per share will achieve low double digit growth for the FY 2014, which is intended to indicate that underlying earnings per share will be not less than 68.6 pence for that period.Reported EPS of 70.70 pounds in FY 2013.FY 2014 EPS of 69.36 pounds - Thomson Reuters I/B/E/S.  Full Article

Babcock International Group PLC announces network rail contract
Wednesday, 12 Feb 2014 05:30am EST 

Babcock International Group PLC:Says that its joint venture (jv), ABC Electrification Ltd (ABC), has been appointed by Network Rail as one of four suppliers to deliver a 2 billion pound programme to electrify more than two thousand miles of Britain's railway over the next seven years.Says ABC, an incorporated, equal share, jv comprising Alstom, Babcock and Costain, has been awarded two out of the six geographical areas within the programme, the Central (London North Western, South) region and the Wales and West region.Says the total contract for ABC is valued at 900 million pound over an initial seven year term, with an option to extend for a further three years.  Full Article

Renaissance Services SAOG divests its subsidiary to Babcock International Group PLC
Monday, 20 Jan 2014 04:44am EST 

Renaissance Services SAOG:Announces that it has entered into a binding agreement with Babcock International Group PLC (“Babcock”) to divest its wholly owned subsidiary, National Training Institute LLC (NTI).Announces that the acquisition of NTI is part of Babcock International Group PLC's commitment to invest in Oman.Says that the divestment is effective from Dec. 31, 2013.  Full Article

Babcock International Group PLC acquires Context Information Security
Tuesday, 17 Dec 2013 02:00am EST 

Babcock International Group PLC:Says it has acquired Context Information Security (ContextIS) for 28 million pounds plus deferred consideration of 4 million pounds payable in 2016.Says the acquisition will complete immediately.Says ContextIS, based in London, with offices in Germany and Australia, provides technical consultancy services in the cyber security market.  Full Article

Babcock International Group PLC confirms discussions on possible joint venture with Avincis
Monday, 25 Nov 2013 02:00am EST 

Babcock International Group PLC:Confirms it is in exclusive discussions regarding the establishment of a joint venture with respect to Avincis.Says there can be no certainty that these discussions will lead to any transaction or any certainty as to the terms upon which any such transaction might proceed.Says Avincis is a provider of aviation services for mission-critical operations such as medical emergency, civil protection, search and rescue, coast and city surveillance, fire-fighting and energy support services.  Full Article

Babcock International Group PLC Increases Interim Dividend
Tuesday, 12 Nov 2013 02:00am EST 

Babcock International Group PLC announced that the interim dividend has been increased by 10% to GBP0.069 per share (2012: GBP0.063 per share). This will be paid on January 10, 2014 to shareholders on the register at December 13, 2013.  Full Article

Babcock International Group Plc Announces Acquisition Of Conbras
Tuesday, 23 Jul 2013 02:00am EDT 

Babcock International Group Plc announced that it has acquired Conbras, a privately owned Brazilian company, for a consideration of up to R$75 million (GBP22 million), including a maximum of R$15 million deferred consideration and earn out, subject to the achievement of financial performance targets. The acquisition will complete immediately.  Full Article

Babcock International Group PLC Sees FY 2013/2014 Guidance In Line With Expectations
Thursday, 11 Jul 2013 02:00am EDT 

Babcock International Group PLC announced that results for fiscal 2013/2014 will be in line with expectations. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of GBP3.476 billion and net income of GBP241 million for fiscal 2014.  Full Article

Babcock International Group Plc Wins GBP50 Million Fleet Management Contract With Aggregate Industries
Tuesday, 18 Jun 2013 05:29am EDT 

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

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