UK's Babcock shares slump after one-off charge, nuclear outlook cut

EDINBURGH (Reuters) - British engineer Babcock will take a charge of 120 million pounds to shrink parts of its business after it warned that income from nuclear decommissioning would fall sharply next year, sending its shares tumbling. Babcock, a key partner of Britain's Ministry of Defence (MoD), has come under intense scrutiny in recent weeks after an anonymous research group questioned the management of its business, meaning its results had been highly anticipated. On Wednesday the group..