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Tag "Babcock Group"

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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Babcock targeted by anonymous short-seller

Babcock targeted by anonymous short-seller

Babcock Group, the parent of Babcock Mission Critical Systems, is under attack from a short-seller called Boatman Capital Research. A paper posted by Boatman has criticised the Group’s relationship with the Ministry of Defence –Babcock’s biggest customer – and claimed

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Babcock acquires German relief helicopter supplier Heli Aviation

Babcock acquires German relief helicopter supplier Heli Aviation

Babcock International Group has completed the acquisition of Heli Aviation, a provider of helicopter services in Germany. The new company will sit within Babcock’s mission critical services (MCS) business. Heli Aviation is a long-established helicopter business located in Augsburg –

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