Babcock confident about bid pipeline after strong first half

Babcock hiked its interim dividend by over a tenth after hitting analysts' forecasts in the first half, and said it is confident of meeting full-year expectations as its order book remains strong.

Babcock hiked its interim dividend by over a tenth after hitting analysts' forecasts in the first half, and said it is confident of meeting full-year expectations as its order book remains strong.

The firm, which provides engineering support services to the defence, energy, telecommunications, transport and education sectors, reported underlying revenue from continuing operations of £1,556.7m in the six months to September 30th, up 6% from the £1,472.0m registered in the first half of last year.

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