Babcock profits fall by more than £100m as Covid continues to hit margins
Defence giant Babcock International Plc has seen profits fall by more than £100million blaming the coronavirus pandemic and the decline of civil aviation.
The engineering titan, which operates the huge dockyards at Devonport in Plymouth and Rosyth in Scotland, has seen a 9% dip in underlying revenue and a 43% drop in underlying profit for the six months to the end of September 2020.
The company,…