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15 January 2021 | 07:33am StockMarketWire.com - Defence company Babcock said underlying profit fell by more than a third in nine months to date as performance in the third quarter was hurt by ongoing weakness in its civil aviation businesses and the pandemic impact. The company also said it had got its review of its balance sheet and contract profitability underway, with early indications flagged negative financial impacts for the current and future years. Underlying operating profit in the nine months year-to-date was £202 million, down 34% from £320 million, amid a negative impact from ...

15 January 2021 | 09:17am StockMarketWire.com - The FTSE 100 opened lower this morning over fears the UK is on the brink of a double-dip recession after official figures confirmed a slump in November. The Office for National Statistics said that GDP fell 2.6% in November as the second wave of the Covid-19 pandemic took hold. At 0845 GMT the benchmark index was down 41.12 points, or 0.60% to 6,760.84. Engineering and industrial software company Aveva said revenue increased about 1.5% in the nine months to 31 December 2020, underpinned by a contract renewals in the final quarter of the year. It...

FTSE 100 down sharply by midday after weak UK GDP print