The British company said the review was recently initiated, without disclosing any specifics.
(Reporting by Muvija M in Bengaluru; Editing by Shailesh Kuber)
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5-day change | 1st Jan Change | ||
516.5 GBX | -0.77% | +2.38% | +30.76% |
Apr. 18 | Defense stocks weak - JPM: Use correction at Rheinmetall | DP |
Apr. 12 | UK's Labour Party aims to boost defence spending to 2.5% of GDP | RE |
(Reuters) - Engineer Babcock said early indications from a review into its contract profitability suggest there may be negative impacts on its balance sheet and income statement and the company withheld guidance citing the COVID-19 crisis, sending its shares 20% lower.
The British company said the review was recently initiated, without disclosing any specifics.
(Reporting by Muvija M in Bengaluru; Editing by Shailesh Kuber)
1st Jan change | Capi. | |
---|---|---|
+30.76% | 3.27B | |
+20.81% | 134B | |
+9.93% | 77B | |
+4.58% | 70.3B | |
+18.87% | 51.07B | |
-1.53% | 39.48B | |
+42.68% | 31.68B | |
+78.75% | 24.15B | |
+18.93% | 22.82B | |
+29.11% | 20.73B |