20th Nov 2019 16:17
(Alliance News) - Babcock International Group PLC said Non-Executive Director Ruth Cairnie and someone closely associated with her bought around GBP13,000 in stock on Wednesday.
Cairnie purchased 2,500 shares at a price of GBP5.207 per share, while her associate Anthony Heggs acquired the same amount of shares at the same price.
It has not been disclosed how many shares Cairnie now holds overall following the transaction.
Earlier Wednesday, Babcock reported a more than doubled pretax profit for the six months ended September at GBP152.5 million from GBP65.1 million, even as revenue dropped by 2.7% to GBP2.19 billion from GBP2.25 billion.
Shares in the FTSE 250 aerospace and defence company were down 0.5% at 542.2 pence late Wednesday in London.
By Dayo Laniyan; [email protected]
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