Babcock International (LSE:BAB, Financial), the U.K. engineering services firm that supports local defense, emergency services and civil nuclear sectors, noted declining profits due to new distancing requirements on ship repair worksites. The stock price slipped further after Babcock announced the end of its long-term contract with Britain's Nuclear Decommissioning Authority to clean up 12 Magnox reactor sites in the U.K.
From Bernard Horn (Trades, Portfolio)'s Polaris Global Value Fund third-quarter 2020 letter.
