Business
Clarification on Sky News report
Clarification on Sky News report.
About this update from Babcock International Group Plc
[{"type":"text","content":"\n \nRNS Number : 6936H Babcock International Group PLC 19 November 2018 \n\n19 November 2018\n \nBabcock International Group PLC (Babcock or the Group)\n \nBabcock, the engineering services company, would like to provide clarification following a report by Sky News regarding exceptional items likely to be included in the Group's half year results announcement on 21 November 2018.\n \nAs indicated to the market in its most recent Trading Update of 19 September 2018, Babcock is currently undertaking a programme to strengthen the Group by exiting a number of small, low-margin businesses, including the Appledore shipyard, and is reshaping its oil and gas business. We announced at that time that we would provide an update on these activities at our half year results. Whilst the exact impact of these actions has yet to be determined by the Board, we do not expect the net cash costs to be material.\n \nEnds\n \n \nFor further information please contact:\n \n\n\n\nBabcock International Group PLC \n\n\n\n\n\n\n\nSimon McGough \nDirector of Investor Relations \nTel: +44 (0)20 3 235 5592\n\n\nKate Hill\nGroup Director of Communications\nTel: +44 (0)20 7355 5312\n\n\n\n\n\n\n\n\n\n\n\n\nFTI Consulting \n\n\n\n\n\n\n\nAndrew Lorenz\nNick Hasell\n\n\n\n\n\n\n\nTel: +44 (0)20 3727 1340\n\n\n\n\n\n\n \n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END MSCUWOURWSAAAUA\n ","length":4267,"tagName":"div"}]