Defence large Babcock sells consultancy for £293m as its battles losses
Defense and engineering giant Babcock International Group Plc has sold a marine consultancy firm with offices in Plymouth for £ 293 million while it works on a “turnaround” plan to deal with financial losses. The company, which operates the shipyards in Devonport, Plymouth, and Rosyth, Scotland, is selling Frazer-Nash Consultancy to KBR, an American engineering
