12th Feb 2020 13:52
(Alliance News) - Babcock International Group PLC said Non-Executive Director Myles Lee bought around GBP27,000 in stock in a deal on Wednesday.
Lee purchased 5,000 shares at a price of GBP5.335 each. It has not been disclosed how many shares Lee now holds following this transaction.
Earlier Wednesday, Babcock said for the year ending March, it now expects underlying operating profit at around GBP540 million, which would represent an 8.2% decline from GBP588.4 million the year prior. Babcock's previous guidance for financial 2020 was for operating profit in the range of GBP540 million and GBP560 million.
The company held its forecast for underlying revenue of roughly GBP4.9 billion, which would reflect a 5.1% year-on-year retreat from GBP5.16 billion.
Shares in the FTSE 250 defence firm were down 3.5% at 536.80 pence on Wednesday in London.
By Dayo Laniyan; [email protected]
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