Key Developments: Babcock International Group PLC (BAB.L)
1,164.00GBp
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1,182.00p
1,165.00p
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1,159.30p
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1,190.00p
833.00p
Latest Key Developments (Source: Significant Developments)
Babcock International Group PLC-Contract Award-London Fire Brigade Training
Babcock International Group PLC announced that it has been selected by the London Fire Brigade (LFB) as the preferred bidder for its new, 25 year training contract. Following the LFB's announcement, there will be a mandatory 10 day standstill period before the process can continue to final contract award. The contract is expected to become operational on April 1, 2012. Over the 25 year period, the contract is expected to be worth in the order of GBP500 million. Babcock will be working with the London Fire Brigade, the UK's largest fire and rescue service, to develop and deliver enhanced training programmes and new, world-class training facilities. Over 200 courses will be delivered at the two new dedicated training facilities in Park Royal, North West London and Becton, East London, as well as at 10 regional training facilities and locally, on all stations, through Babcock's computer based training systems. Full Article
Babcock International Group PLC Declares Interim Dividend
Babcock International Group PLC announced that it has declared an interim dividend of GBP0.057 per share (2010: GBP0.052), an increase of 10% over last year. This will be paid on January 13, 2012 to shareholders on the register at December 18, 2011. 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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