RBC Capital starts coverage of Cohort, Chemring and Qinetiq
28th Apr 2025 08:30
(Sharecast News) - RBC Capital Markets initiated coverage of SMID UK defence companies Cohort, Chemring and Qinetiq on Monday, with a preference for products over services.
Read moreLondon close: Stocks higher as Reeves delivers Spring Statement
26th Mar 2025 15:01
(Sharecast News) - London stocks closed modestly higher on Wednesday, supported by investor reaction to the chancellor's Spring Statement and a larger-than-expected drop in UK inflation.
Read moreCiti cuts Qinetiq price target, maintains 'buy'
26th Mar 2025 08:04
(Sharecast News) - Citi cut its price target on Qinetiq on Wednesday to 510p from 530p as it said near-term uncertainty was an overhang but long-term value remains.
Read moreLondon close: Stocks manage gains ahead of Fed decision
19th Mar 2025 15:34
(Sharecast News) - London's financial markets showed modest gains by the close on Wednesday, with investors digesting the Bank of Japan's recent policy decision and anticipating the upcoming announcement from the US Federal Reserve.
Read moreBerenberg slashes QinetiQ price target, reiterates 'buy' rating
19th Mar 2025 10:20
(Sharecast News) - Berenberg slashed its price target on QinetiQ on Wednesday to 500p from 610p to reflect lowered estimates, but reiterated its 'buy' rating.
Read moreQinetiQ needs to 'rebuild trust' after profit warning, says Shore Capital
18th Mar 2025 13:43
(Sharecast News) - Shore Capital on Tuesday cut its recommendation for QinetiQ from 'buy' to 'hold' following a profit warning from the UK defence contractor on Monday.
Read moreQinetiq to take £140m impairment charge as tough markets persist
17th Mar 2025 07:06
(Sharecast News) - Shares in QinetiQ slumped by a fifth on Monday as the UK defence contractor said it would take a £140m impairment charge amid persistently tough market conditions and contract delays.
Read moreLondon close: Stocks finish firmer as defence plays surge
3rd Mar 2025 15:58
(Sharecast News) - London's financial markets closed on a positive note on Monday, bolstered by a significant surge in defense stocks amid expectations of increased military expenditure.
Read moreJP Morgan hikes targets for defence stocks on European spending hopes
3rd Mar 2025 12:04
(Sharecast News) - JPMorgan has hiked target prices across the listed European defence sector by an average 25% on the back of an anticipated "rearmament cycle" across the continent.
Read moreLondon close: Stocks higher after softer UK employment data
21st Jan 2025 16:41
(Sharecast News) - London stocks closed higher on Tuesday, as investors assessed the latest UK employment data, and watched for developments across the pond on the first full day of Donald Trump's second presidential term.
Read moreQinetiQ reiterates guidance, warns of some market slowness
21st Jan 2025 08:47
(Sharecast News) - QinetiQ Group shares were sliding on Tuesday, even after it maintained its full-year and mid-term guidance, expecting high single-digit organic revenue growth with stable underlying margins and strong cash conversion, as it cautioned of some slowness in UK services.
Read moreLondon close: Stocks rise as dip buyers enter the fray
14th Nov 2024 15:50
(Sharecast News) - London markets ended Thursday in positive territory, with sentiment buoyed by robust corporate updates, as investors digested the latest producer price data out of the United States.
Read moreQinetiq ups buyback by £50m after solid first half
14th Nov 2024 08:58
(Sharecast News) - Shares in Qinetiq dipped on Thursday despite the aircraft engineering company delivering first-half results in line with expectations and announcing a new £50m buyback.
Read moreLondon midday: Stocks weaker on UK jobs data, oil prices
15th Oct 2024 10:51
(Sharecast News) - London markets were in the red by lunchtime on Tuesday, as investors responded to ongoing concerns about the UK jobs market, while oil prices fell.
Read moreLondon open: Stocks mixed on weaker UK wage growth
15th Oct 2024 08:41
(Sharecast News) - London markets opened in mixed territory on Tuesday, as investors digested data showing continued weakness in the UK jobs market, after an upbeat session on Wall Street overnight.
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