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The Latest Breaking News from Babcock

Cost of building Royal Navy Type 31 frigates rises by £140m, say Babcock

IN FULL

The Independent UK

Babcock International Group H2 Earnings Call Highlights

Babcock International Group (LON:BAB) executives said the defense contractor delivered a strong underlying performance in fiscal 2026, but the update was overshadowed by a new GBP 140 million charge tied to its Type 31 frigate program. Speaking on a post-close trading update call, Group CEO David L

MarketBeat

Babcock takes £140m hit from reworks to new Royal Navy warships

The company is set to deliver five frigates that are being built at its manufacturing site in Rosyth in Fife.

Evening Standard

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Defence firm Babcock faces £140m hit over Royal Navy warship design changes

The company is set to deliver five frigates that are being built at its manufacturing site in Rosyth in Fife.

The Independent UK

Babcock Q1 Earnings Call Highlights

Babcock (NYSE:BW) reported a sharply stronger first quarter of 2026, with management pointing to rising demand for power generation from utilities, industrial customers and AI data centers as a key driver of growth. Chairman and CEO Kenneth Young said on the company’s earnings call that the quarter

MarketBeat

Lib Dems pledge to put defence at heart of industrial and skills strategy

Alex Cole-Hamilton made the pledge ahead of a visit to Babcock’s site in Rosyth.

Evening Standard

FTSE 100 closes lower as Iran war sends price of oil rocketing

The index closed down 98.31 points, 0.9%, at 10,305.29.

Evening Standard

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This Energy Stock Is Up 700%, But I Wouldn’t Touch It with a 10-Foot Pole

Babcock & Wilcox (BW) has surged nearly 700% over the past year, hitting a new 5-year high of $10.97. BW has a 100% “Buy” Barchart opinion. Despite technical strength, earnings and revenue are projected to decline this year. Morningstar warns BW is 79% overvalued with weak financial health, suggesting caution...

Barchart

5 Alternative Energy Stocks Riding the AI Power Crunch

AI-driven electricity demand is fueling a power crunch, pushing alternative energy stocks into one of the market’s strongest momentum themes.

MarketBeat

Babcock picks nuclear boss to lead business after chief announces retirement

It said David Lockwood will step down as chief executive by the end of 2026, to be replaced by Harry Holt.

Evening Standard

Kate Forbes: I have no interest in spat with the UK Government over Mossmorran

The Deputy First Minister said reports of a conflict with Labour are a ‘dis-service’ to at-risk workers.

Evening Standard

Defence firm could look at employing some Mossmorran workers, Alexander says

The Scottish Secretary hailed a meeting with the Scottish Government and employers as ‘constructive’.

Evening Standard

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)

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Evening Standard

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.

The Guardian - UK

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 - AU

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 - UK

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

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The Independent 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.

Evening Standard

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.

The Guardian - UK

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 National (Scotland)

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 ...

Evening Standard

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.

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