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The Latest Breaking News from Babcock

Fife shipyard set to win £1bn Danish navy contract

A Fife shipyard looks set to win a £1 billion contract to build four frigates for the Danish navy ...

The National (Scotland)

Edinburgh festival rejects call to end sponsorship deal over 'genocide profits'

MORE than 500 artists, performers, and audience members have called for the Edinburgh International Festival (EIF) to cut ties ...

The National (Scotland)

FTSE 100 edges up ahead of Trump-Zelensky talks

Investors are focused on a speech by US Federal Reserve chief Jerome Powell, with hopes he will provide clues on Fed plans for interest rates.

Evening Standard

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FTSE 100 hits record high as investors shrug off trade war concerns

Trader confidence that Trump will not act on tariff threat sends London Stock Exchange index to 8,979 points

The Guardian - UK

Defence failed to properly investigate bribery allegations against Australian navy contractor officials, audit finds

Poor management of contracts worth more than $3.5bn has led to critical failures, including during a Vanuatu cyclone humanitarian operation, the ANAO says

The Guardian - AU

It’s also a ‘new era’ for share prices in the defence sector

Nato’s spending splurge has made Babcock hot – a sign fundamental change in dull income defence stocks is happening

The Guardian - UK

Babcock shines but FTSE 100 gives up early gains

The FTSE 100 index closed down 40.24 points, 0.5%, at 8,718.75.

The Independent UK

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Babcock hails ‘new era of defence’ as global threats prompt greater spending

The London-listed company reported higher profits and raised its financial outlook.

Evening Standard

Royal Navy’s newest warship takes to water for first time in Scotland

HMS Venturer made its debut on the River Forth after four years of construction.

Evening Standard

UK defence spending is about to boom – can British firms step up?

Keir Starmer plans to build up UK military, but domestic companies could lose out if it is forced to turn to US weapons instead

The Guardian - UK

National Museum of Scotland responds to boycott over Israeli arms links

THE National Museum of Scotland has responded to a campaign group boycotting their cold war exhibit over links to Israel ...

The National (Scotland)

Minister meets businesses at shipbuilding site to discuss industrial strategy

A defence minister met with local firms over a roundtable talk on the UK Government’s defence industrial strategy.

Evening Standard

FTSE 100 Live 13 November: Smiths and Babcock shares surge, Just Eat sells Grubhub

Buyers targeted the engineering sector today after updates by Smiths Group, Babcock International and GKN Automotive business Dowlais.

Evening Standard

Fossil fuel firms and arms dealers among Labour Party conference sponsors

WEAPONS manufacturers, fossil fuel companies, and a contentious spyware firm are among the sponsors for this year’s Labour Party conference.

The National (Scotland)

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The Independent UK

HMS Prince of Wales returns to Portsmouth Naval Base with fixed propeller shaft

Waving and cheering well-wishers who had lined the harbour walls welcomed the aircraft carrier home.

Evening Standard

Babcock International revenue up on ‘increased operational tempo’ for defence contractors

Babcock maintains UK submarines and the Challenger tanks gifted to Ukraine

Birmingham Post

Plymouth City Council plans £15.6m investment in Freeport

The council has announced two multi-million pound investments in the Plymouth and South Devon Freeport

Daily Record

Local success as top runners contest Babcock Helensburgh 10k race

The women’s race was by comparison much closer with local girl Sophie Canty prevailing over Kristina Greig of Bellahouston Harriers. Canty was cheered on by her friends as she came home in 38 minutes and 45 seconds, just eleven seconds ahead of Greig.

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The National (Scotland)

Rosyth strikes could cause 'significant delays' to Royal Navy frigates, union warns

THE Royal Navy could see delivery of its Type 31 frigates significantly delayed, a union has warned, as workers at Rosyth yard are poised to down…

Tribune News Service

Can Florida survive climate change? Here’s what the Aspen Ideas: Climate conference had to say

Some of the most pivotal climate-change questions — and potential solutions — focus on Florida.

Birmingham Post

PwC fined £5.6m over ‘serious breaches’ in audits of defence firm Babcock

The accounting regulator has severely reprimanded two former partners at the firm

The Guardian - UK

PwC fined for Babcock audit failings including creating false record

UK regulator says breaches found in ‘every area’ looked at in relation to audit of engineering firm’s accounts

Evening Standard

Accounting watchdog fines PwC over audits of defence firm Babcock

The Big four auditor will pay £5.62 million

Birmingham Post

Devon defence jobs secured after British Army vehicle contract win

Combat vehicle manufacturer Supacat and engineering giant Babcock have struck a deal to make potentially hundreds of light armoured transporters at the firms' sites in Dunkeswell and Plymouth

The Independent UK

Royal Navy orders investigation into nuclear submarine repaired with glue

Botched fixes were made onoard HMS Vanguard, whose role is to carry the Trident ballistic missile system

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