Royal Navy submarine work helps Babcock make vast profit

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Get the stories that matter to our community straight to your inbox with our Daily Newsletter Get the stories that matter to our community straight to your inbox with our Daily Newsletter The £1bn rebuild of Devonport’s submarine dock and the complete overhaul of HMS Victorious have helped defence giant Babcock International Plc to grow profits to £154m. The company’s newly published half-year results revealed work in Plymouth was key to its growing revenue and profits. The figures, for the six months to the end of September, showed Babcock’s underlying operating profit had leapt to £154.4m from £121.7m a year...