Analysts await Babcock update

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The Independent Online

Analysts will have their eyes on Babcock International, the engineering services group, when it gives a trading update on Thursday.

Panmure Gordon is hoping for an update on its US operations, as the broker thinks Babcock will eventually exit this market. However, the board might decide to delay any sale process until its interim results in November. Otherwise it's a quiet week, with just a handful of interim and final results, which include St Modwen Properties and construction consultant Cyril Sweett. The Bank of England is again expected to keep interest rates at the historically low level of 0.5 per cent on Thursday.