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Tag "Archie Bethel"

Babcock’s £80 million impairment lower than expected

Babcock’s £80 million impairment lower than expected

Babcock Group has taken an £80 million ($102 million) impairment charge on its oil ad gas helicopter transport business. Analysts had been expecting £100 million. In its half-year results released today, Babcock cited overcapacity and underutilisation of its helicopter assets

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