Published on
13:52 GMT
Babcock shares soar more than 37% on defense giant’s plan to cut 1,000 jobs and shed businesses
Shares in Babcock International BAB, +38.76% soared more than 37% on Tuesday, after the U.K.’s second-largest defense contractor unveiled a £1.7 billion ($2.3 billion) write-down and said it would look to raise £400 million from asset sales as part of a …
Source:
MarketWatch
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