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Babcock reports revenue growth despite £140m profit hit


By Michael Griffiths

Babcock International has reported a jump in revenue to £5.27bn in its latest annual results, despite the defence contractor taking a £140m hit to its profits from a recurring charge on its Type 31 contract.

The FTSE 100 company’s latest revenue was up from £4.83bn last year, as it stated that an estimated £100m of the revised costs for its Type 31 warships had reversed its latest revenue figure


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Vistry warns H1 profits will be ‘significantly lower’

Vistry has revealed that its profits in H1 are expected to be “significantly lower” than last year as the housing developer blamed increased macroeconomic uncertainty.

The firm said an ongoing focus on cash generation and reducing debt levels would allow its H2 profit to recover slightly and be in line with its H2 period last year, however

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Marshalls hits expectations despite inflation pressures

Marshalls has stated that its trading in the four months to 30 April remained in line with expectations, as its revenue dropped by 1% year-on-year to £205m

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Intertek set to accept EQT’s final proposal

Intertek has stated that it would be minded to recommend EQT’s £10.6bn takeover proposal to its shareholders, should the Swedish private equity firm make a formal offer

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Vodafone reports 8% revenue increase in FY26

Vodafone has recorded an 8% increase in its revenue to €40.5bn, following strong service growth and its consolidation of Three UK

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Compass increases profit guidance in H1 results

Compass Group has increased its full-year profit guidance after reporting a year-on-year underlying operating profit jump of 12% in the six months to 31 March, totalling $1.84bn

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IAG remains confident in jet fuel supply

International Airlines Group (IAG) has stated that it is confident in its jet fuel supply in its main markets throughout the summer, despite the impact of the Middle East conflict.

The group, which owns airlines including British Airways and Aer Lingus, said that while there is potential for jet fuel to be restricted on a global basis, it is "well hedged" at 70% for the rest of the year

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M&S acquires Asos fulfilment centre for £67.5m

Asos has agreed terms with Marks & Spencer (M&S) to sell its Lichfield fulfilment centre for £67.5m

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Greggs issues ‘reassuring’ trading update

Greggs has published what has been described a "reassuring" trading update by AJ Bell, as the bakery chain's share price increased by 4%

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LondonMetric and Schroder REIT offers £403m for Picton

LondonMetric and Schroder Real Estate Investment Trust (REIT) have agreed an all-share offer for Picton, valued at £403.4m

JD Sports shares jump despite profit warning

Shares in JD Sports increased by over 6% in early trading, after the retailer widened its profit guidance for the current financial year.

In the year to 31 January, the firm’s sales increased by 10.5% to £12.6bn, driven by the annualisations of the Hibbett and Courir acquisitions in the previous year
EQT submits ‘final’ proposal for Intertek

EQT has submitted its "final offer" for Intertek, valued at £10.6bn including debt
BAE Systems reports ‘strong’ performance in 2026

BAE Systems has recorded a "strong operational and financial performance" so far in 2026, as the defence giant reiterated its full-year guidance


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