A year on from its acquisition of VT Group, Babcock has decided, as was widely expected, that VT’s US business is non-core and is considering its options.
IC TIP:
Buy
at
714p
Meanwhile the rest of VT is integrating into the business well and the group is finding the cost savings it expected to see. Trading is also meeting expectations.
Price: 689p
When: 1 Jul 2010
Performance: +4%
