Babcock launches £200m buyback and issues £250m six-year bond

Babcock International Group PLC (LSE:BAB) launched a £200m buyback, issued a £250m six-year bond to extend maturities and boost liquidity, completed a CEO handover to Harry Holt, and reiterated FY guidance ahead of H1 results. Jefferies reiterates Buy with a £14 target.