QinetiQ navigates ahead in challenging markets
2nd Feb 2012 07:49
Defence technology firm QinetiQ said it expects to meet full year forecasts but cautioned that conditions in UK and US defence markets remain challenging as deficit reduction programmes make future demand levels difficult to predict. "However, absent any material change in customer requirements, th
Read moreLondon close: Banks provide a boost after summit
9th Dec 2011 16:45
The EU summit has of course dominated markets today and investors have taken the news reasonably well, with benchmark indices across Europe finishing between 2-3% higher after Eurozone nations (and some others) reached an agreement on enhancing fiscal discipline and strengthening economic policy coo
Read moreThursday tips round-up: QinetiQ, United Utilities, Johnson Matthey
24th Nov 2011 06:26
In May 2010 QinetiQ started a two-year turnaround programme that would see the UK workforce cut by 10-15%, but contract delays in the British and US defence markets have continued since then, writes the Tempus column in the Times. "Yesterday's halfway figures, though sharply ahead of market expectat
Read moreLondon close: German bond auction response unnerves investors
23rd Nov 2011 17:05
After an uneventful morning session that came as a relief after the turbulent events of recent days, shares turtned sharply lower in the afternoon session, as US markets took a bath. The results of this morning's German bond auction set nerves a-jangling. Germany issued €3.644bn in 10-year bonds
Read moreFTSE 250 Movers: Thomas Cook regains lost ground
23rd Nov 2011 15:33
Thomas Cook was regaining lost ground after plummeting on Tuesday on the revelation that it would delay the release of its results until it has asked its banks about borrowing more money. The company is running short of cash due to a "deterioration of trading in some areas of the business in the cur
Read moreLondon midday: Reassuringly dull morning session
23rd Nov 2011 12:01
It has been a comfortingly dull morning session in London after all the excitement of recent weeks, though there is no sign of Footsie bringing an end to its losing streak, though its cause is not helped by the index constituents Man, Next and Standard Life trading in ex-dividend form. MINERS HEAD
Read moreQinetiQ ups FY guidance by 20%
23rd Nov 2011 07:55
Shares of defence markets researcher and technology firm QinetiQ raced ahead after it reported a return to net profit for the half year and said expectations for the current year have increased by around 20%. The group posted a net profit of £66.6m for the six months to 30 September compared to a n
Read moreQinetiQ says trading beats expectations
30th Sep 2011 07:10
QinetiQ, the maker of defence gadgets, said its performance in the first six months has been better than expected. "Whilst conditions in its principal markets remain challenging, the group's performance for the first six months of the year has been good and better than originally expected," the fir
Read moreSunday newspapers round-up: Anglo American, Foster's, QinetiQ ...
21st Aug 2011 16:36
London-based mining giant Anglo American is to gatecrash the £3bn takeover battle for the Australian coal miner Macarthur, a move that will put it on a collision course with Lakshmi Mittal, the steel tycoon, reports the Sunday Times. Arcelor Mittal, the world's largest steel maker ? run by Lakshmi M
Read moreQinetiQ reaffirms view despite challenging market conditions
2nd Aug 2011 12:34
Defence markets researcher and technology firm QinetiQ reiterated its outlook for the current financial year, saying that the ongoing budget pressures in UK and US were offset by its cost reduction plan, sending its shares higher. The company warned that conditions in UK and US defence markets rem
Read moreLondon close: Stocks near 6,000 as rally continues
1st Jul 2011 16:27
London's leading share index made a valiant incursion towards the 6,000 point mark heading into the weekend, but fell just short. The gains capped a good week for the FTSE 100 following the Greek parliament's vote in favour of austerity measures that could mend its wrecked finances. Today's stando
Read moreFTSE 250 movers: M&A news rules market sentiment
1st Jul 2011 15:39
Merger activity once again ruled market sentiment with water and waste management group Northumbrian Water and defence group QinetiQ coming into focus. Northumbrian Water confirmed that it received an offer proposal from Hong Kong infrastructure group Cheung Kong. The statement comes after Cheung
Read moreFriday tips round-up: Qinetiq, Amerisur Resources, Shanks...
27th May 2011 06:35
Qinetiq posted better-than-expected full-year figures, with underlying operating profits climbing by 21% to £145.4m, against analyst hopes of around £140m. But that wasn't all. Qinetiq said it had slashed its debt burden to a manageable £261m from £457m. And it also cheered income investors by annou
Read moreLondon close: FTSE 100 edges higher again
26th May 2011 16:51
The FTSE 100's hesitant performance since Monday's dive has continued, with the top share index closing just a few points higher. Among the risers was Man Group whose adjusted profit before tax rose to $599m in the year to 31 March from $560m the year before, ahead of company guidance. Statutory pr
Read moreFTSE 250 movers: DMGT declines as ad revenues fall
26th May 2011 15:01
Daily Mail publisher DMGT is the worst performer on the FTSE 250 despite posting a sharp rise in profits in the half year to 3 April. The group said advertising revenues at its newspaper operations since that date were down on the same period last year. While Panmure Gordon has kept its 'buy' rati
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