QinetiQ delivers strong Q1 following self-help programme
26th Jul 2012 12:29
Privatised defence firm QinetiQ Group performed well in the first part of the financial year as its UK Service division continues to benefit from a more competitive cost base and better project execution as a result of the rigour embedded during the self-help programme. The division is continuing
Read moreFriday broker round-up
22nd Jun 2012 10:37
Ashtead: UBS raises target from 320p to 340p, buy rating unchanged. Avon Rubber: Investec downgrades to hold, keeps 315p target. BAE Systems: Investec downgrades to hold, target cut from 360p to 290p Bovis Homes: Liberum Capital downgrades to hold. Cobham: Investec downgrades to sell, target cut
Read moreFTSE 250 movers: Booker rises on higher customer numbers
24th May 2012 16:08
Food wholesaler Booker was in demand after saying that increased customer numbers and higher internet sales helped revenue increase by 7.3 per cent in the 52 weeks to March 23rd. International mobile operator Cable & Wireless Communications jumped over 10% after underlying earnings came in at $901m
Read moreSelf-help and Q-Net popularity lift QinetiQ
24th May 2012 07:52
Privatised defence firm QinetiQ posted a rise in underlying pre-tax profit, despite a decline in revenues which reflected the uncertain trading environment and contract delays in the US and UK defence markets. The exceptionally strong demand for its Q-Net vehicle survivability product last year was
Read moreLondon close: Stocks rise as euro leaders boost firewall
30th Mar 2012 16:32
- Eurozone to boost firewall to 800bn euros - Spain cuts 27bn euros from the budget - Petrofac up after broker comments, Shire leads the fallers London's blue chip index finished the day strongly after Eurozone leaders agreed to strengthen the firewall to protect the debt crisis from spreading. Som
Read moreFTSE 250 movers: Essar rises as subsidiary makes progress
30th Mar 2012 15:43
Essar Energy was a big riser after it said that its subsidiary Essar Oil has made significant progress with its lenders towards exiting the current loan agreement, which relates to the corporate debt restructuring scheme and its Vadinar oil refinery in Gujarat. Miners were also on the rise as they
Read moreLondon midday: Stocks rise as eyes turn to Eurozone meeting
30th Mar 2012 11:42
- Investors keep a close eye on meeting in Copenhagen - Eurozone inflation falls but still high - Miners lead the rise by lunchtime The Footsie was making decent gains by Friday lunchtime, snapping a three-day losing streak, as Eurozone ministers meet in Copenhagen to discuss a potential increase i
Read moreLondon open: Stocks rise ahead of Eurozone meeting
30th Mar 2012 08:33
- Footsie up before finance ministers meet - Greek PM doesn't rule out third bailout - Miners rise strongly after recent fall London's blue chips started strongly on Friday following a three-day decline for the FTSE 100, with miners leading the way tracking metals prices higher. Eyes are on the E
Read moreMoD to give up QinetiQ veto
30th Mar 2012 07:54
QinetiQ is to get a one-off payment from the Ministry of Defence (MoD) after the two parties signed an agreement releasing the MoD from accumulated costs incurred in previous years. The defence technology firm will trouser £65m with the payment being reflected in the accounts for the next financial
Read moreWednesday broker round-up - UPDATE
28th Mar 2012 08:24
Babcock: UBS ups target from 800p to 880p, reiterates buy rating. Compass Group: Nomura keeps buy rating and 800p target. GKN: Investec reiterates buy rating and 240p target. Hansteen: Jefferies reiterates hold recommendation and 80p target. Henderson: Investec upgrades from hold to buy. Qineti
Read moreQinetiQ moves to slash pension deficit
27th Mar 2012 07:27
Privatised defence firm QintetiQ has confirmed its pension fund will switch to the Consumer Price Index (CPI) to determine future pension increases. The firm said the change from the Retail Price Index (RPI) for its defined benefit scheme would cut the funding deficit by around £109m and improve th
Read moreJohnson Matthey CEO ditches nearly 29,000 shares
15th Feb 2012 15:59
Neil Carson, Chief Executive Officer of Johnson Matthey, the chemicals giant, has disposed of £659,232-worth of shares in the firm two weeks after it reported a 22% rise in sales during the final quarter of 2011. Carson, who has been with the firm for three decades, sold 28,901 executive share
Read moreFriday broker round-up - UPDATE
3rd Feb 2012 09:09
Royal Bank of Scotland: Deutsche Bank downgrades to hold from buy. BT Group: Nomura reiterates buy recommendation and 285p target. AstraZeneca: Nomura keeps reduce rating and 2,400p target. GlaxoSmithKline: Nomura reiterates neutral rating and 1,220p target. Royal Dutch Shell B: Nomura raises ta
Read moreFTSE 250 movers: Shanks surges to the top spot
2nd Feb 2012 15:00
Shares of waste management firm Shanks rose to pole position. The Daily Mail is reporting on speculation that a cash-rich private equity player, "possibly old foe Carlyle", could be ready to launch a full-scale offer for the company at up to 140p per share. This compares with yesterday's close of 99
Read moreLondon open: Stocks pull back but Xstrata soars
2nd Feb 2012 08:35
Stocks opened slightly lower on Thursday, pulling back from the +100 point gain for the Footsie yesterday as markets celebrated positive global macroeconomic data with manufacturing indices in the UK, Eurozone, US and China all showing an improvement in January. In other news, ratings agency Standa
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