Babcock is celebrating a record order book and a robust market positions and they have now published their half year report ended 30^th September 2008.

The results for the Nuclear division have been particularly strong and reflect the significant market presence of BNS Nuclear Services as well as the strength of the current operational support markets. Compared with the first half of 2007/8 the division benefited from the integration of Strachan & Henshaw’s civil nuclear activities and full contribution from INS.

Although the nuclear decommissioning market remains subdued we are active on a number of sites and we believe we are well placed to benefit as this market develops. In addition, we have had discussions with a number of parties concerning the UK’s nuclear new build programme.

BNS Services has one of the largest nuclear resources in the UK. The scale an expertise of the division and the size of the market opportunities available place it in a strong position from which to deliver further growth.

Peter Rogers, Chief Executive commented

“We have continued to demonstrate the strength of our business model by delivering another set of record results. The market sectors in which we operate remain attractive with good growth prospects. Overall trading conditions across the Group remain strong and the major contracts signed in the first half provide good long term visibility.”

Report by Peter Rogers Group Chief Executive and Bill Tame Group Finance Director