Broker snap: Radar fuzzy at QinetiQ
28th Sep 2010 12:50
QinetiQ, the formerly state-owned defence technology firm, expects to meet market expectations this year but Investec still thinks there might be a bit of shaving of the numbers from analysts at the upper end of range of forecasts. "The outlook remains extremely uncertain particularly against the b
Read moreQinetiq hit by defence spending reviews
28th Sep 2010 07:31
Uncertainty over defence spending plans in both the UK and US has reduced visibility and meant delays in orders, according to high-tech weapons group QinetiQ. "Principal markets have remained uncertain, due both to the UK government's ongoing Strategic Defence and Security Review and the drive by t
Read moreTechMARK movers: Filtronic continues rise
9th Aug 2010 15:03
Wireless telecoms equipment supplier Filtronic has been a regular on the list of top TechMARK performers in the past week and it has risen by nearly one-fifth over the past seven days. There was some selling of Filtronic shares this morning but the buyers returned in the afternoon. Technology de
Read moreWednesday newspaper round-up: Interest rates, Egg, BP
4th Aug 2010 06:34
Interest rates may have to rise far more sharply than households and markets expect as the Bank of England moves to head off inflation risks, the former deputy governor said yesterday, the Times reports. Sir John Gieve told a City of London audience that solid economic growth could prompt the Bank
Read moreLondon close: US gloom offsets company cheer
29th Jul 2010 16:33
Footsie closed slightly in the red, despite starting well on the back of well-received company updates, as weakness in the US spread across the Atlantic. AstraZeneca closed sharply higher. The group's potential blockbuster heart drug Brilinta has received the backing of a US advisory panel just as
Read moreEuropean Defense Giants Target Services, Eye Exports
29th Jul 2010 16:13
By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Some of Europe's biggest defense companies appear likely to rely more heavily on service and support work and the drive for exports in the months ahead as cash-strapped governments reign in spending on armaments. The market for
Read moreLondon afternoon: Footsie off the top
29th Jul 2010 14:28
The Footsie drifted lower over the lunch time session though still remained in positive territory, thanks in large part to enthusiastic responses to results from heavy hitters AstraZeneca, BT and Reed Elsevier. AstraZeneca is sharply higher. The group's potential blockbuster heart drug Brilinta has
Read moreQinetiQ trading steady despite UK delays
29th Jul 2010 13:56
Defence technology group QinetiQ said its performance should be steady in the current year, with a strong result in the US for its global products division offset by delays in the UK. QinetiQ said defence markets in both the UK and US remain challenging as governments in both countries seek to redu
Read moreUPDATE: QinetiQ Says To Meet Forecasts, Awaits Reviews
29th Jul 2010 08:26
(Adds detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. defense technology company QinetiQ Group PLC (QQ.LN) Thursday said it expects to meet its forecasts this year, despite continued delays in orders from the U.K., and to a lesser extent from some sector in th
Read moreQinetiQ Says To Meet Forecasts, Awaits Spending Cut Reviews
29th Jul 2010 07:42
By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. defense technology company QinetiQ Group PLC (QQ.LN) Thursday said it expects to meet its forecasts this year, despite continued delays in orders from the U.K., and to a lesser extent from some sector in the U.S., as governmen
Read moreQinetiQ UK, US Challenging But Sees FY In Line With Board Views
29th Jul 2010 07:16
LONDON (Dow Jones)--QinetiQ Group PLC (QQ.LN) said Thursday that defense markets in both the U.K. and the U.S. remain challenging and as a result, delays continue to be seen in orders from government customers in the U.K. and, to a lesser extent, from some sectors in the U.S., but is still confident
Read morePRESS RELEASE: Second NATO Ally Will Use Dragon Runner(TM) Robots to Disarm Roadside Bombs in Afghanistan
28th Jul 2010 09:00
Second NATO Ally Will Use Dragon Runner(TM) Robots to Disarm Roadside Bombs in Afghanistan MCLEAN, VA -- (MARKETWIRE) -- 07/28/10 -- Canada has become the second NATO ally to deploy Dragon Runner robots in Afghanistan. The deployment was announced at a spring symposium at the Canadian Embas
Read moreRaytheon Wants Talks With UK Govenment On E-Borders Contract
23rd Jul 2010 15:02
By Steve McGrath Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Raytheon Co. (RTN) Friday said it wants urgent talks with the U.K. government about a border control technology contract, a day after the U.K. said it was terminating the U.S. company's contract because critical parts of the progra
Read moreUK government cancels e-Borders contract
22nd Jul 2010 13:24
The UK government's cancellation of a £750m e-Borders contract with prime contractor Raytheon Systems will have a knock-on effect on Serco and QinetiQ. Both Serco and Qinetiq are involved in the Trusted Borders consortium which Raytheon heads. Serco was responsible for infrastructure and service m
Read more2nd UPDATE:UK Govt Ends Border Control Contract With Raytheon
22nd Jul 2010 12:36
(Adds detail.) By Steve McGrath Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K. government Thursday said it was terminating a contract to supply border control technology with U.S. firm Raytheon Co. (RTN) because critical parts of the program are running at least 12 months late.
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