Babcock (BAB.L) stock nears 52-week high on $42m Australia defence contract extension, buyback
Babcock shares rose 2.2% in London after its Australasia unit secured a $42 million extension to an Australian Defence Force contract. The company disclosed further share buybacks and investors are watching for a Jan. 16 interim dividend. Babcock stock neared a 52-week high, valuing the group at about £6.9 billion.