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Babcock International Group PLC
Babcock pays first dividend in 4 years ‘with confidence’
...“For a company that was struggling to be predictable we are becoming positively predictable,” said Lockwood....
November 14, 2023
News updates from November 14: US inflation falls to 3.2%, King of Jordan calls for end to Israel conflict
Babcock pays first dividend in 4 years as profits at UK defence group beat expectations
...The company has been through an extensive restructuring since 2020 under chief executive David Lockwood....
November 14, 2023
FT Live
Building a Personal Wealth Plan
Capitalising on market shifts and innovations in fintech
Thursday, 18 AprilDigital Conference
Babcock International Group PLC
Babcock wins £750mn UK submarine maintenance contract
...Defence company Babcock International has secured a £750mn UK government contract for a major infrastructure upgrade at the Devonport naval base to support the maintenance of Britain’s nuclear submarine...
November 10, 2023
UK police
Ex-head of police watchdog for England and Wales charged with rape
...In a sign of the political sensitivities around policing, the home secretary Suella Braverman released a statement at the time saying that she had taken “immediate action” on the Lockwood case and “instructed...
June 16, 2023
Special ReportSustainable Food and Agriculture
Women secure higher profile in agriculture
...“Being a woman leader shouldn’t come at the expense of the family,” stresses Sarah Lockwood, global regenerative agriculture programme director at Danone, the French group behind consumer goods such as Evian...
January 25, 2024
Personal Finance
Investors’ Chronicle: Investment ideas for 2024
...After taking the helm at Babcock in late 2020 David Lockwood pledged to raise £400mn through disposals within 12 months....
January 5, 2024
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
UK defence industry
BAE Systems wins £3.95bn contract for Aukus nuclear submarines
...David Lockwood, Babcock CEO, said the “importance of applying our extensive knowledge and longstanding experience is being recognised through this contract award”....
October 1, 2023
ReviewFiction
Yellowface by Rebecca F Kuang — a savage and compelling satire
...Much like Patricia Lockwood, Kuang is on point about the tightrope that authors and other public figures can be forced to walk online: “Strangers are out there, mining your personal information, worming...
June 30, 2023
Babcock International Group PLC
Babcock expects boom in military training demand on back of Ukraine war
...His comments came as he sounded a bullish note about Babcock’s prospects and hailed progress on a turnround plan despite facing higher labour costs....
November 22, 2022
Live news updates from November 22: Glazers mull Man Utd sale, Bankman-Fried ran FTX as ‘personal fiefdom’
Babcock profits jump despite inflation
...under chief executive David Lockwood....
November 22, 2022
LexBabcock International Group PLC
Babcock: defence laggard must avoid further misfires Premium content
...This pointed to progress with the turnround led by David Lockwood, who became chief executive in 2020. His overhaul plan has included a £1.7bn charge announced in April....
November 23, 2022
UK economy
Worsening VAT registration cliff edge prompts calls for UK reform
...Ben Lockwood, professor of economics at the University of Warwick, said that the current threshold of £85,000 is “probably the worst of both worlds”, as it enables small businesses to operate quite effectively...
January 26, 2023
LexElaine Moore
The Lex Newsletter: how should employees be paid in a downturn? Premium content
...I loved this chatty and quite gross diary for the London Review of Books from Patricia Lockwood, author of the novel No One Is Talking About This, about plane rides, illness and jacaranda....
February 24, 2023
BAE Systems PLC
BAE and Babcock defy supply woes and inflation as profits rise
...Lockwood said the company expected a strong pipeline of potential orders in areas such as submarine and electronic warfare, as well as in civil nuclear....
July 28, 2022
Aerospace & Defence
Babcock boss fears anti-defence lobby is hijacking ethical agenda
...Babcock’s share price has rebounded from a low of around £2 a share 12 months ago to close at £3.40 on Friday....
January 17, 2022
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
News in-depthUK police
Scandal-hit Met signals wider problem in British policing
...Lockwood said he was particularly concerned about a form of misconduct called “abuse of position for a sexual purpose” (APSP)....
April 10, 2022
Cryptocurrencies
UK advertising regulator issues rebukes to crypto industry
...“When we said ‘red alert’ we meant it,” said Miles Lockwood, director of complaints and investigations at the ASA. “Something has got to change fast in the online space.”...
December 15, 2021
News updates from December 7: Global stocks rise the most in 13 months, ECB plans bank inspections, US to demand halt to Nord Stream 2 if Russia invades Ukraine
Defence contractor Babcock swings to profit
...“The pandemic had a very significant impact on revenue in the first few months of last year,” said the company in a statement....
December 7, 2021
PwC
UK accounting regulator extends probe into PwC over Babcock audits
...Britain’s second biggest defence contractor had announced the review last January as part of a sweeping overhaul under new chief executive David Lockwood....
January 17, 2022
Personal Finance
UK ads regulator raises pressure on crypto
...Miles Lockwood, director of complaints and investigations at the ASA, praised some crypto firms for swiftly bringing their ads in line....
March 22, 2022
Aerospace & Defence
Rolls-Royce and Babcock sell shares in AirTanker to boost balance sheets
...The steep loss was largely due to the previously flagged one-off, non-cash impairments, which were the result of a review of its contract and balance sheet profitability instigated by Lockwood....
September 13, 2021
Babcock International Group PLC
Babcock shares tumble after it reveals £1.6bn loss
...Lockwood said the company was targeting a number of export opportunities, including selling its new Type 31 frigate to Indonesia, Poland and Greece....
July 30, 2021
InterviewLunch with the FT
Piers Morgan: ‘Twitter is for winding people up’
...He’d been made editor of the News of the World at an insanely precocious 28 but had brought shame on his proprietor, Rupert Murdoch, by publishing pictures of Victoria Lockwood, then wife of Earl Spencer...
September 2, 2022
Booker Prize 2021
Booker Prize 2021: shortlist revealed
...No One Is Talking About This, a satire on social media by the American author Patricia Lockwood, is the only debut on the list....
September 14, 2021
Babcock International Group PLC
Babcock prepares sale of rail business as overhaul continues
...Britain’s second-biggest defence contractor is in the middle of a sweeping restructuring under new chief executive David Lockwood....
May 4, 2021

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