QinetiQ revenue falls, though underlying profit improves
17th Nov 2016 07:35
(ShareCast News) - Science and engineering company QinetiQ posted its interim results for the half year to 30 September on Thursday, with orders increasing to £376.8m, from £228.4m, although revenue fell to £361.8m from £370.9m. The FTSE 250 firm's underlying operating profit was £51.9m, compared to
Read moreDirectors dealings: BAE Systems director takes profits
11th Nov 2016 17:46
(ShareCast News) - BAE Systems's group director for business development took advantage of a two-day spike in the shares of the aerospace and defence engineer to take some profits. On 10 November, Alan Garwood sold 33,000 shares at an individual price of 605p each, walking off with £199,650. Betwee
Read moreSunday newspaper round-up: Brexit, Google, British retailers
2nd Oct 2016 17:43
(ShareCast News) - Theresa May accused Brexit opponents of 'insulting the intelligence of the British people' today as she said we will leave the EU by April 2019 at the latest. The Prime Minister also laid down the gauntlet to Brussels for the looming negotiations over the single market, making cle
Read moreQinetiQ extends £109m MOD contract at Portsmouth test facility
30th Sep 2016 07:28
(ShareCast News) - FTSE 250 defence technology company QinetiQ extended its contract with the Ministry of Defence for a over a decade, which secured 250 jobs at the Portsmouth warship integration and test facility. The company agreed to an 11 year, £109m contract extension to continue to develop and
Read moreQinetiQ on track to meet FY expectations
29th Sep 2016 07:52
(ShareCast News) - FTSE 250 science and engineering group QinetiQ maintained its expectations for the year on Thursday. In a pre-close trading update, the company said its EMEA services division has continued to perform as set out in the first-quarter trading update in July, with revenue under contr
Read moreQinetiQ appoints Rolls-Royce's David Smith CFO
27th Sep 2016 08:13
(ShareCast News) - FTSE 250 defence technology company QinetiQ appointed Rolls-Royce director and chief financial officer David Smith, who will take up the role of CFO in the new year. He replaces David Mellors, who will leave QinetiQ on 31 December to join Cobham, a technology services company, as
Read moreWednesday broker round-up
14th Sep 2016 08:37
(ShareCast News) - Relx: Berenberg reiterates buy with a target price of 1600p. Standard Life: Deutsche Bank reiterates buy, 325p target. Arrow Globalik: Jefferies keeps at buy with a 359p target. Ocado: Exane BNP Paribas downgrades to underperform with a 215p target. SafeCharge: Berenberg stays
Read moreBAE Systems best-placed to benefit from increased spending in UK and US
5th Sep 2016 15:34
(ShareCast News) - Company-specific drivers were the reason for the European Aerospace and Defence sector´s outperformance year-to-date, but in the remainder of 2016 and in 2017 companies´ ability to 'execute' would be the deciding factor, analysts at Goldman Sachs said. In civilian aerospace, sever
Read moreMonday broker round-up
5th Sep 2016 15:25
(ShareCast News) - BAE systems: Goldman Sachs reiterates buy with a target price of 671p. Morrison: Jefferies maintains buy with a 210p target. Compass Group: UBS keeps at neutral with a 1485p target. Rio Tinto: Macquarie reiterates outperform with a 2900p target. Cobham: Goldman Sachs keeps at n
Read moreQinetiq Q1 in line, reaffirms full-year guidance
20th Jul 2016 08:01
(ShareCast News) - FTSE 250 science and engineering company Qinetiq said trading in the first quarter was in line with its expectations. In a trading update for 31 March to date, the company said revenue under contract in the EMEA services division was similar to a year ago and as expected at this s
Read moreDirectors dealings: NAIT boosts stake in EKF Diagnostics to 14.1%
10th Jun 2016 14:11
(ShareCast News) - Harwood Capital, acting as investment manager on behalf of North Atlantic Smaller Companies Investment Trust PLC, picked up another large batch of shares in EKF Diagnostics. Christoper Mills, who was named to the post of non-executive chairman at the global point-of-care medical d
Read moreQinetiQ full year profits fall in challenging markets
26th May 2016 07:47
(ShareCast News) - Defence engineering firm QinetiQ reported a fall in full year pre-tax profits of £90.2m compared with £105.4m a year earlier against a challenging markets backdrop. Revenue fell to £755m from £763.8m after adjusting for foreign exchange movements and the divestment of the non-core
Read moreQinetiq on track to meet full year expectations
24th Mar 2016 07:39
(ShareCast News) - FTSE 250 defence and aerospace technology company Qinetiq is on track to deliver on its expectations for the current financial year. Qinetiq, which is due to release its preliminary results for the year ending 31 March on 26 May, said its EMEA Services division has continued to pe
Read moreQinetiq reaffirms guidance but warns defence market "uncertain"
10th Feb 2016 07:58
(ShareCast News) - Qinetiq reaffirmed its guidance for the full year but cautioned the UK defence market remains uncertain. In a trading update for the third quarter, the defence technology company said that while the government's Strategic Defence and Security Review was published in December, it i
Read moreBerenberg turns stock picking spotlight on defence sector
20th Jan 2016 11:58
(ShareCast News) - Highlighting the importance of stock selection in the defence sector, Berenberg shone a spotlight on increasing margin pressures in coming years and downgraded Qinetiq to 'sell', upgraded Ultra Electronics to 'buy' and reiterated a 'sell' on Cobham. Berenberg, which also kept its
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