- Babcock International has refuted allegations about its defence business from 'anonymous entity' Boatman Capital Research.

'Whilst the minor allegations made are inaccurate and misleading, this is the second malicious attack by Boatman and we feel it is right to, once again, refute their allegations publicly as we are unable to engage with them directly,' the company said.

'Our DSG business is performing to financial expectations and we continue to see opportunities for growth.'

'We have regularly updated the market on progress and can confirm that we do not intend to make any impairment in regard to DSG.'

Babcock International has not been able to identify who is behind the critical Boatman reports, which first surfaced six months ago.

At 2:29pm: [LON:BAB] Babcock International Group PLC share price was +1.4p at 520.4p

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