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.
From Bernard Horn (Trades, Portfolio)'s Polaris Global Value Fund 2020 annual report.
