Babcock dives after a £10m Brexit restructuring hit – Evening Standard

Babcock shares fell on Tuesday after revealing a 10 million-plus Brexit hit from restructuring its continental air-rescue business.

The under-fire defence contractor, hit by aggressive short-seller Boatman Capital last year, will take the one-off tax charge in 2019 after setting up separate subsidiaries across Europe to carry on aerial firefighting and search-and-rescue missions.