Can Babcock surprise on the upside?

Babcock has had a wobbly time of late, will its results be cheery or teary?
Thursday 18 May 2017 Author: David Stevenson

Wednesday 24 May

Babcock International (BAB) took a hit in March after having its Magnox nuclear power station decommissioning contract cancelled. But the drop in revenue won’t come until 2020/21 as the contact ends in August 2019.

Babcock’s share price has been under pressure since the final quarter of last year and investors will be hoping for some good news from this support services behemoth. When it reports full year results on 24 May.

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