The British company said the review was recently initiated, without disclosing any specifics.
(Reporting by Muvija M in Bengaluru; Editing by Shailesh Kuber)
Market Closed -
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5-day change | 1st Jan Change | ||
510 GBX | 0.00% | -0.10% | +29.11% |
04-18 | Defense stocks weak - JPM: Use correction at Rheinmetall | DP |
04-12 | 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. | |
---|---|---|
+29.11% | 3.24B | |
+20.51% | 135B | |
+10.96% | 78.93B | |
+0.20% | 69.42B | |
+22.60% | 51.47B | |
+39.51% | 43.89B | |
+0.75% | 40.26B | |
+39.81% | 31.44B | |
+86.97% | 25.1B | |
+23.31% | 24.04B |