7th Feb 2014 07:08
Ministry of Defence spin-off QinetiQ assured cash generation in the third quarter was "good" and that despite short-term uncertainties and challenging markets it is confident of delivering on expectations for its full year to March. In a third-quarter update the Farnborough-based defence technolog
Read more14th Jan 2014 15:49
Ashmore, a UK fund manager that invests in emerging markets, saw its shares dive after it said assets under management fell 4.1 per cent during the quarter ended December 31st amid continued market volatility. AuM fell to $75.3bn during the quarter from $78.5bn as a result of net outflows totalling
Read more13th Jan 2014 09:58
UBS has lifted its target prices for European aerospace and defence stocks, saying that the budget deal in the States reduces the uncertainty hanging over the sector. After being passed by Congress in mid-December, President Barack Obama signed a two-year budget deal at the start of the year that e
Read more11th Dec 2013 15:45
Aerospace and defence stocks were on the rise on Wednesday after a budget deal in Washington removed some uncertainty in the sector, which is heavily dependent on state funding in the States. Chief Congressional negotiators Senator Patty Murray and Representative Paul Ryan last night worked out a d
Read more22nd Nov 2013 07:25
Qinetiq on Thursday unveiled a sharp drop in pre-tax profits as operating margins shrank by a third. Yet investors goosed the shares higher by seven per cent after learning that net cash was up by two thirds and that full-year guidance had been maintained. Clearly, some shareholders believe they are
Read more21st Nov 2013 15:24
QinetiQ, the defence, security and aerospace company saw its share price rise strongly after it raised its interim dividend per share to 1.4p from 1.1p, due to its confidence that its Organic-Plus strategy will deliver value to shareholders over the medium term on the back of in-line first half resu
Read more21st Nov 2013 09:35
QinetiQ, the defence, security and aerospace company, reported a 13 per cent fall in first half revenue to 599.6m pounds, reflecting budget constraints in US government spending. Underlying operating profit for the six months through September fell to £59.2m from £59.3m the previous year and under
Read more21st Nov 2013 09:32
QinetiQ reported broadly in-line first half figures, with revenues down 13 per cent to 599.6m pounds as a result of constrained US military spending. Underlying operating profit for the six months through September fell to £59.2m from £59.3m the previous year and underlying pre-tax profit dropped
Read more15th Nov 2013 15:42
Aerospace and defence stocks were being sold off on Friday after Ultra Electronics became the latest company in the sector to be hit by concerns over government funding in the States. The defence, transport and energy products company said that due to a "number of headwinds, mainly in the US govern
Read more21st Oct 2013 16:54
The FTSE 100 hit a two-and-a-half-month high on Monday ahead of the eagerly anticipated US jobs report as markets managed to offset some heavy falls from heavyweight bank RBS. The UK lender dropped nearly 5% today after Chancellor George Osborne was quoted as saying that a decision over a 'good ban
Read more21st Oct 2013 16:05
QinetiQ, the defence technology and security firm, was a high riser today on weekend reports that it is putting its US division up for sale. The former Ministry of Deference research company said back in May that it was launching a strategic review into the unit after a "decline in performance" ow
Read more21st Oct 2013 15:44
Aerospace and defence stocks were gaining ground on Monday as deal speculation, trading updates and upbeat broker commentary lifted the sector higher. QinetiQ, the defence technology and security firm, was a high riser today on weekend reports that it is putting its US division up for sale. Hopes
Read more21st Oct 2013 15:15
QinetiQ, the defence technology and security firm, was a high riser today on weekend reports that it is putting its US division up for sale. The firm announced back in May that it was launching a strategic review into the unit. Provident Financial was given a boost by JPMorgan Cazenove after it rei
Read more21st Oct 2013 11:22
The FTSE 100 was trading at its highest levels since early August on Monday morning as equities extended gains made last week following the last-minute US deal to extend the debt ceiling. Upside was limited in morning trade, but London's benchmark index still managed to push past its September high
Read more20th Oct 2013 17:53
Departing Bank of England Deputy Governor Paul Tucker has told the Sunday Telegraph that the UK's economic recovery shows quantitative easing has worked. Tucker told the paper that the early benefits of the BoE's bond-buying programme were submerged by the Eurozone crisis. He said it was too early t
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