Babcock has finally hit back at a “false and malicious” report by the anonymous “Boatman Capital” that had called into question the engineering company’s prospects. In a regulatory statement FTSE 250-listed Babcock, whose major contracts include maintaining the Royal Navy’s fleet, said it “strongly refuted” the allegations made by Boatman last month. Boatman attacked Babcock’s management, claiming they had “systematically misled investors” by burying bad news, and said that its relationship with main customer the Ministry of Defence had broken down. The dossier also alleged there were delays with some Government contracts and that the company’s Appledore shipyard in Devon was under threat of… To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per week Register for free Register for free to continue reading this article Register Or unlock all Premium articles, free for 30 days Start trial Already have an account? Login Want to learn more? View all subscriptions
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