Babcock Seal of Approval for First Engineering; 'Excellent' Prospects After Peterhouse Deal
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Summary
FIRST Engineering was given the thumbs-up by its potential new boss yesterday after Babcock International agreed a (pounds) 105.7m cash and shares deal to buy its parent group, Peterhouse.
Peter Rogers, chief executive of defence services firm Babcock, which owns the Rosyth shipyard, last night told The Herald: "First Engineering (FE) has a good reputation, which it deserves. We think FE is a good company, but has had a bit of a rough ride, there's no doubt about that."See the full content of this document
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Babcock Seal of Approval for First Engineering; 'Excellent' Prospects After Peterhouse Deal
The Glasgow-based rail contractor, which employs about 2000 staff, has suffered from the huge un...
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