Babcock lures ex-MI5 boss

Defence giant Babcock International is preparing to hire the former boss of MI5 to its board. The FTSE 250 warship-builder is in advanced talks with Sir Andrew Parker, who stepped down as director-general of the UK’s domestic intelligence service in April after seven years, Sky News reported. Babcock has been overhauling its board following a difficult few years during which shares have fallen by 66pc, from 825.5p in October 2017 to 278.6p on Friday. Chief executive Archie Bethel retired t