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Babcock results show scale of oil and gas volatility

22nd May 2019 - 15:24 GMT | by Tim Martin in London

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Multinational civil and defence contractor Babcock has released its 2018 annual results which show a 40% dip in pre-tax profits, with oil and gas restructuring costs a major contributor to the company’s battling financial performance.

A figure of £391 million for profits before tax in 2017 fell this time ...

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