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Babcock directors top up as investors jump ship

The defence engineering group is being squeezed by the pandemic and is also undertaking a review of its accounts
Babcock directors top up as investors jump ship
  • Three directors have purchased nearly £180,000-worth of shares
  • This follows Babcock announcing a review of its contract profitability and balance sheet

Defence contractor Babcock (BAB) saw its shares tumble earlier this month after revealing that it had initiated a “detailed review” of its balance sheet and contract profitability. Amid warnings of potential “negative impacts” on its current and future financial years, investors were spooked by the prospect of writedowns to come and the shares sank by more than a fifth.

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