Babcock shares shrug off profit drop after £140m hit

Defence giant Babcock took a £140m hit in the last financial year, which helped drag down the blue-chip firm’s profit growth. The FTSE 100 company recorded revenue of £5.3bn, marking 10 per cent growth compared to the previous financial year. It also announced another round of bumper returns with a £200m share buyback. It came [...]

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