Babcock International Group (BAB)

Sector:

Defense and Aeronautics

Index:

FTSE 250

 510.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 533.00
  • 52 Week Low: 269.00
  • Currency: UK Pounds
  • Shares Issued: 505.60m
  • Volume: 397,696
  • Market Cap: £2,578.54m
  • RiskGrade: 290

PwC slapped with £7.5m fine over Babcock audits

By Frank Prenesti

Date: Wednesday 08 Mar 2023

LONDON (ShareCast) - (Sharecast News) - PwC has been hit with a £7.5m fine by the UK's accounting regulator for "serious breaches" on audits of engineer Babcock.
The Financial Reporting Council (FRC) on Wednesday found failings on Babcock audits up to the end of March 2017 and 2018, as well as a subsidiary. PwC had repeatedly failed to challenge management and obtain sufficient appropriate evidence, it added.

However, the fine was discounted by 25% to £5.6m due to early resolution.

Two PwC partners - Nicholas Campbell Lambert and Heather Ancient - were also fined £200,000 and £65,000, but also received discounts to £150,000 and £48,750.

An FRC investigation into PwC audits of the Babcock for 2019 and 2020 is ongoing.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BAB Market Data

Currency UK Pounds
Share Price 510.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 533.00
52 Week Low 269.00
Volume 397,696
Shares Issued 505.60m
Market Cap £2,578.54m
RiskGrade 290

BAB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
41.54% below the market average41.54% below the market average41.54% below the market average41.54% below the market average41.54% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Price Trend
91.47% above the market average91.47% above the market average91.47% above the market average91.47% above the market average91.47% above the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Income
58.04% below the market average58.04% below the market average58.04% below the market average58.04% below the market average58.04% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Growth
96.3% below the market average96.3% below the market average96.3% below the market average96.3% below the market average96.3% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 6
Buy 3
Neutral 1
Sell 0
Strong Sell 0
Total 10
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BAB Dividends

  Latest Previous
  Interim Interim
Ex-Div 23-Nov-23 05-Dec-19
Paid 19-Jan-24 17-Jan-20
Amount 1.70p 7.20p

Trades for 03-May-2024

Time Volume / Share Price
15:17 11 @ 510.50p
16:35 247,965 @ 510.00p
16:35 832 @ 510.00p
16:35 696 @ 510.00p
16:35 254 @ 510.00p

BAB Key Personnel

Chair Ruth Cairnie
CEO David Lockwood
CFO David Mellors

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