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By David Matthews2011-04-01T00:00:00+01:00
Engineering giant Babcock, whose order book is up £1bn, has signed a memorandum of understanding with the Cabinet Office agreeing to savings on existing and future government contracts.
Revenue close to £3bn but defence firm only records 5% organic growth while total debt exceeds £700m
Support services group’s interim statement also shows strong cash generation
Only 320 jobs out of 1,200 will be saved when Babcock takes over the bulk of Jarvis’ rail renewal work, Building understands
Insulation manufacturer recalls batches of the same product used on Grenfell after it was found to have lower than advertised fire safety performance
Sadiq Khan says there will be ‘significant impact’ on affordable home building without government cash
Firm looking to bring in extra 1,200 staff
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