News: Babcock International Group PLC (BAB.L)

BAB.L on London Stock Exchange

617.50GBp
8 Dec 2009
Price Change (% chg)

-7.50p (-1.20%)
Prev Close
625.00p
Open
620.00p
Day's High
625.00p
Day's Low
609.00p
Volume
411,030
Avg. Vol
686,815
52-wk High
660.50p
52-wk Low
381.25p

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Tue, Nov 17 2009

STOCKS NEWS EUROPE-VTG falls after first-half results

Shares in British support services firm VT Group shed 3.1 percent after the company reports its first-half results, prompting investors to lock in profits and Panmure Gordon to downgrade its rating to "hold" from "buy".

PRESS DIGEST - British business - Nov 11

Lloyds Banking Group announced it is to axe a further 5,000 jobs in its administration, insurance and mortgage divisions. This will bring the total number of jobs cut to 12,500 since the takeover of HBOS in January. Lloyds said it is targeting synergies of at least 1.5 billion pounds ($2.50 billion) from the merger and has forecast that by the end of the year it will have achieved annualised cost-savings of 750 million pounds. Unite, the union, said the cuts demonstrated "the dep

PRESS DIGEST - Financial Times - Nov 11

The High Court has rejected attempts by pension fund trustees to buy annuities that would cover additional benefits that are higher than those guaranteed by the Pensions Protection Fund (PPF). The court case centred on the trustees of a pension scheme whose sponsoring employer entered administration in 2004. Lawyers said the ruling meant that trustees would be unable to take riskier business investment decisions in the future on the basis that "if it all goes wrong the PPF will pick up the piec

STOCKS NEWS EUROPE-Babcock falls after first half results

Shares in Babcock International fall 5.5 percent as investors pocket profits after the engineer reports an expected 30 percent rise in first-half profit, driven by growth in its marine and defence units.

UPDATE 2-Babcock may sell rail unit, seeks buys elsewhere

* H1 pretax profit 66.1 mln stg, as expected * Mulls defence, nuclear acquisitions

STOCKS NEWS EUROPE-Index futures point to higher start

European stock index futures point to a rise in equities for a fifth straight session after Wall Street surged to 13 month highs on Monday following the Group of 20 nations' aid pledge.

UK Stocks -- Factors to watch on Nov 10

LONDON, Nov 10 (Reuters) - Britain's FTSE 100 index is seen opening up 35 to 37 points on Tuesday, tracking gains in the U.S. where the Dow Jones Industrial Average hit a 13-month high after the Group of 20 pledged to keep aid flowing to the world economy.

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