Half Year Results 

Babcock takes £120m charge

Babcock takes £120m charge

A steady stream of negative news has knocked lumps out of Babcock’s (BAB) share price in recent weeks. Now, with the half-year numbers confirming rumours of a £120m charge for restructuring (£101m net of tax) and the expected revenue impact of its Magnox nuclear decommissioning contract more than doubling to £250m, it is difficult to see how the shares can pull out of their slump.

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