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The Latest Breaking News from Babcock

Regulator unwinds Babcock/CHC helicopter deal over competition concerns

The Canadian company must now sell the business it bought for £10m

Insider UK

Babcock opens £4.6 million tidal turbine testing facility at Rosyth

The Fife yard has also won a £30m contract to maintain two Royal Navy aircraft carriers

Insider UK

Royal Navy aircraft carrier maintenance deal secures 300 jobs at Rosyth Dockyard

The HMS Queen Elizabeth and HMS Prince of Wales will enter dry dock at Rosyth when they require maintenance work over the next decade.

Daily Record

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£30m deal signed to maintain Navy’s Queen Elizabeth class carriers at Rosyth

The 10-year agreement will see HMS Queen Elizabeth and HMS Prince of Wales undergo dry dockings at the facility in Scotland.

The Independent UK

Rosyth yard begins construction of Royal Navy frigate

Keel laying event formally recognises the start of the build in Babcock's new building

Insider UK

Ferguson Marine chief executive reveals plan to turnaround failing shipyard

The nationalised yard is bidding for work from CalMac, North Star Renewables, BAE and Babcock

Insider UK

Thieves reportedly steal £250,000 of fuel from Royal Navy base

It is believed diesel was unlawfully taken from HMNB Devonport in Plymouth over the course of several weeks

Wales Online

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Veterans mark Falklands anniversary by visiting dock they returned to after war

Events remembering the Falklands War are taking place across the country to mark the conflict’s 40th anniversary.

The Independent UK

CMA raises competition concerns around £10m acquisition of Babcock's helicopter business

Regulator is welcoming further views before it makes a final decision on the deal in May

Insider UK

Babcock gives cash flow warning after being hit with mounting costs

In-profit Devonport Dockyard operator cites pension contributions, restructuring costs, and investments in facilities and IT upgrades as drains on cash but stresses trading remains on course with expectations

Birmingham Post

Rosyth bosses walk back from threat to move defence jobs if Scotland votes for independence

Babcock sent their corporate affairs director to assure MPs on the Scottish Affairs committee that the company was committed to the Fife naval shipyard.

Daily Record

Babcock opens advanced manufacturing lab at Plymouth Science Park

New facility will enable defence engineering giant to 3D print vital metal parts

Birmingham Post

Shipyard could relocate if it is unwelcome in independent Scotland, says boss

Babcock chief executive David Lockwood was speaking after the Prime Minister visited the Rosyth shipyard.

The Independent UK

Babcock looks to take over Australian naval joint venture in £32m deal

Defence and aerospace group which runs Devonport and Rosyth dockyards intends to buy remaining stake in Australian Naval Ship Management

Birmingham Post

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Birmingham Post

Plymouth rewards its top manufacturing and construction apprentices

Building Plymouth and Plymouth Manufacturers' Group give awards to mark National Apprenticeship Week

Birmingham Post

Babcock nets £95m from sale of aviation firm share

Devonport Dockyard operator's offloads shares in AirTanker Holdings and has now raised £448m from sell-offs as group streamlines

Birmingham Post

Watchdog extends probe into PwC audit of defence giant Babcock

Financial Reporting Council wants to see accounts for 2019 and 2020 as part of investigation into audit of operator of Devonport and Rosyth dockyards

Evening Standard

PwC faces extended FRC investigation into Babcock audit work

A probe into PwC’s work with Babcock has been extended after the defence giant was forced to take major write-downs last year.

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The Independent UK

Watchdog extends investigation into PwC’s audits of defence firm Babcock

The move comes after Babcock announced a review into contract profitability and its balance sheet last year.

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