Its sale forms part of a massive reorganisation undertaken this year, which included plans to slash Babcock s large debt pile, reduce bureaucracy and cut around 1,000 jobs.
The FTSE 250 firm made a £54.2million profit in the six months to the end of September against a massive £832.5million loss during the same time in 2020 as revenues grew across all its operations.
The FTSE 250 firm made a £54.2million profit in the six months to the end of September against a massive £832.5million loss during the same time in 2020 as revenues grew across all its operations.
Rolls Royce shares have struggled to find higher ground since being derailed by the pandemic, and the new Omicron variant threatens to prolong its recovery. We explain what to expect and consider how Rolls Royce shares could react.