Babcock defers dividend and guidance due to Covid-19
The British engineering company took a writedown of the value of its oil and gas aviation business
11 June 2020 - 19:00
London — British engineering company Babcock deferred a decision on its final dividend and did not give financial guidance for the year ahead due to Covid-19 uncertainty.
Babcock, whose biggest customer is Britain’s ministry of defence, also took exceptional items of £503m including a writedown of the value of its oil and gas aviation business, which transports workers to rigs...
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