Babcock (BAB.L) Shares Plunge on Profit Drop; FTSE 100 Rises

Babcock International Group (BAB.L) shares fell sharply on June 22, 2026, after the defense contractor reported a significant decline in full-year pretax profit and revenue. This decline occurred as the broader FTSE 100 index posted gains. For the year ended March 31, 2026, Babcock's pretax profit plummeted 60% to £78.1 million ($99.2 million) from £195.9 million the prior year. Revenue also decreased 13% to £3.95 billion ($5.01 billion) from £4.52 billion. The FTSE 100 index climbed 0.4% to 8,260.67 points by 12:30 UTC on June 22, 2026. Other notable movers included Ocado Group (OCDO.L), which saw its shares rise 2.1%.