Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Airport, Border and Port Safety and Security
Left Nav Sep
Bioterrorism
Left Nav Sep
Civil Aircraft
Left Nav Sep
Civil Airlines, Airports and Services
Left Nav Sep
Communications and Navigation
Left Nav Sep
Education, Training and Professional Services
Left Nav Sep
Manufacturing and Materials
Left Nav Sep
Military and Defence Facilities
Left Nav Sep
Military Aviation
Left Nav Sep
Military Vehicles
Left Nav Sep
Naval Systems
Left Nav Sep
Personal Equipment
Left Nav Sep
Software and IT Services
Left Nav Sep
Space and Satellite
Left Nav Sep
Weapons, Ammunition and Explosives
Left Nav Sep
View All
Other Carouselweb publications
Carousel Web
Defense File Logo
New Material Logo
Pro Health Service Zone
Pro Manufacturing Zone
Prosecurity Zone
Web Lec Logo
Pro Engineering Zone
 
 
 
News

Babcock International - AGM Devonport Announcement


Strict Standards: Only variables should be passed by reference in /home/defensef/public_html/components/com_zone/handleHTML.php on line 623
Babcock International Group PLC
: 13 July, 2007  (New Product)
At today's 11:30 Annual General Meeting of Babcock, the leading support services company, Gordon Campbell, Chairman, will make the following statement:
'We have today issued a trading update which in summary confirms that we are in line with our expectations for the current year and refers to a number of new contract wins. Most of our businesses are out-performing those expectations although there has been some weakness in the Rail business.

'The acquisition of Devonport Management Limited ('DML') was overwhelmingly approved by shareholders at the Extraordinary General Meeting on 15 June and we have subsequently completed the acquisition. We expect the OFT's decision in the course of the next few weeks. The Board believes that the acquisition of DML will be significantly earnings enhancing in the first full financial year following the acquisition and we are encouraged by the positive reaction from the senior management at DML.

'On 9 July the company announced that it had acquired 50.9% of the shares in issue of International Nuclear Solutions plc ('INS') and that the offer was wholly unconditional. The offer has been extended to 24 July 2007.

'As well as the earnings enhancement from acquisitions the Board continues to believe that there is significant scope for organic growth in our existing businesses and remains confident regarding the future prospects for the Group.'
Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   © 2012 DefenseFile.com
Netgains Logo