TechMARK movers: Qinetiq promises return to dividends

18th Nov 2010 13:08

Shares in defence group Qinetiq jumped on improved underlying interim figures and the promise of a full year dividend. Qinetiq cancelled its dividend last year and there was no interim this time either, but the firm says it expects to make a payment at the end of this year.Qinetiq reported a loss of £37.6m in the half-year to September 2010 from a £1.3m loss in the first half of the previous year. However, there were £37.1m of rationalisation charges and bid costs on the now cancelled Defence Training Review programme.Revenues rose 7% to £865m, while adjusted profits increased 14% to £51.6m from £45.1m. Non-executive Paul Murray has bought 44,377 shares at 112.08p a share. This is his total holding in Qinetiq and it cost £49,700. He was appointed to the board on 25 October. Shares in Wolfson Microelectronics are higher following news that Majedie Asset Management had increased its stake to more than 5%. This was announced yesterday afternoon following the market close. FTSE TechMARK - RisersQinetiQ Group (QQ.) 110.70p +11.82%Ceva Inc. (CVA) 1,250.00p +8.70%Cryptologic Ltd. (CRP) 85.00p +6.25%Antisoma (ASM) 6.50p +5.69%Imagination Technologies Group (IMG) 319.60p +5.30%AEA Technology Group (AAT) 5.50p +4.36%NXT (NTX) 3.75p +3.31%ARM Holdings (ARM) 369.70p +2.52%BATM Advanced Communications Ltd. (BVC) 22.25p +2.30%Phytopharm (PYM) 8.25p +2.10%FTSE TechMARK - FallersOxford Biomedica (OXB) 9.51p -4.90%Puricore (PURI) 51.25p -3.30%Micro Focus International Plc (MCRO) 321.70p -2.81%Filtronic (FTC) 36.00p -2.04%Ark Therapeutics Group (AKT) 4.20p -1.64%Renovo Group (RNVO) 34.00p -1.45%Wolfson Microelectronics (WLF) 229.00p -1.29%Psion (PON) 93.50p -1.06%E2V Technologies (E2V) 87.50p -0.85%ProStrakan Group (PSK) 88.50p -0.56%