UPDATE: UK Govt Ends Border Control Contract With Raytheon
22nd Jul 2010 12:19
(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.
Read moreUK Govt Terminates Border Control Contract With Raytheon
22nd Jul 2010 12:03
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. The U.K.'s Home Office said in a statement that the Home Secretary
Read moreAusterity Measures Loom Large At Farnborough
16th Jul 2010 10:40
By Aude Lagorce and Christopher Hinton Of MARKETWATCH If only missile shields could guard against budget cuts. That will be the wish of many aerospace and defense executives when they gather at the Farnborough Airshow next week; for just as the economy is starting to improve and aircraft
Read moreMARKET TALK: UBS Cuts Cobham Price Target
8th Jul 2010 09:07
0807 GMT [Dow Jones] UBS cuts Cobham (COB.LN) price target to 240p from 270p, to reflect current European defence peer group trading multiples. Says while investors are beginning to anticipate a strategic review that could lead to cost and cash savings and higher margins, recent experiences at Thale
Read moreWednesday newspaper round-up: BP, Apple, RBS
7th Jul 2010 06:38
BP has agreed an unprecedented deal to give the US Government the last word on worldwide asset sales, mergers or corporate restructuring in the wake of the Deepwater Horizon oil disaster. It has bowed to pressure from the Department of Justice, which has asked to be notified at least 30 days before
Read morePRESS RELEASE: ING Chosen to Provide Retirement Plan Services for QinetiQ North America
6th Jul 2010 19:20
WINDSOR, Conn., July 6 /PRNewswire-FirstCall/ -- ING's U.S. Retirement Services operations announced today that it has been chosen as the benefit services administrator for QinetiQ North America's employer-sponsored defined contribution retirement plan. These services will be provided by ING's insti
Read morePRESS RELEASE: QinetiQ North America Appoints Rick Finn to Lead Homeland Security Business Unit
1st Jul 2010 08:00
QinetiQ North America Appoints Rick Finn to Lead Homeland Security Business Unit FAIRFAX, VA -- (MARKETWIRE) -- 07/01/10 -- QinetiQ North America announced the appointment of Rick Finn as the new General Manager of the Homeland Security Business Unit in its Mission Solutions Group. He will
Read moreUPDATE: QinetiQ Says Unions Accept Changes To Job Terms
28th Jun 2010 08:23
(Adds analyst comment and detail) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)-- "The unions have formally accepted the company's offer and the agreed changes now come into effect," it said in a statement. QinetiQ gave no further details on the changes to the co
Read moreUnions approve new QinetiQ package
28th Jun 2010 07:54
Defence technology group QinetiQ said its unionised workforce has approved changes to terms and conditions of employment proposed by the company. The union ballot indicated that 75% of those who voted were in favour of the revisions. The agreed changes now come into effect, including the pay incr
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jun 2010 07:28
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0628 GMT [Dow Jones] Qinetiq Group's (QQ.LN) announcement that a UK workforce ballot has resulted in an overall vote in favor
Read moreMARKET TALK: Qinetiq Ballot Vote Offers A Short-Term Boost
28th Jun 2010 07:28
0628 GMT [Dow Jones] Qinetiq Group's (QQ.LN) announcement that a UK workforce ballot has resulted in an overall vote in favor of proposed changes to the terms of their employment will be a boost to the share price, says an analyst. Says Qinetiq needed a majority vote for the changes, as this is esse
Read moreQinetiQ Says Unions Have Accepted Changes To Employees Terms
28th Jun 2010 07:27
By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. defense technology company QinetiQ Group PLC (QQ.LN) said Monday unions representing its staff had accepted changes to their terms and conditions--a key plank in the company's restructuring program. "The unions have forma
Read moreQinetiQ UK Members OK Changes To Terms, Conditions Of Employment
28th Jun 2010 07:16
LONDON (Dow Jones)--QinetiQ Group PLC (QQ.LN) Monday announces that the recent union ballot of members in its U.K. workforce has resulted in an overall favorable vote of 75% on proposed changes to their terms and conditions of employment. MAIN FACTS: -The unions have formally accepted the Co
Read moreLondon close: Paltry gains for FTSE 100
12th Apr 2010 16:36
Footsie closed just a few points in the blue after an unusually sluggish day, even for a Monday. In the absence of any blockbusting company news much of the share price activity has been generated by newspaper or broker comment. Antofagasta was one of many laggards in a soft mining sector after
Read moreLondon afternoon: London lays low
12th Apr 2010 14:36
Traders who stuck to their dealing screens over the lunchtime session were left wondering why they bothered as they market remained as quiet and as uneventful as it had been in the morning session. In the absence of any blockbusting company news much of the share price activity has been generated b
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