Babcock shares shrug off profit drop after £140m hit

City AM — May 13, 07:35 AM

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Defence giant Babcock took a £140m hit in the last financial year, which helped drag down the blue-chip firm’s profit growth.

The FTSE 100 company recorded revenue of £5.3bn, marking 10 per cent growth compared to the previous financial year.

It also announced another round of bumper returns with a £200m share buyback.

It came https://www.cityam.com/babcock-shares-shrug-off-profit-drop-after-140m-hit/">[...]

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