Qinetic wins US aircraft carrier takeoff deal
30th Dec 2015 08:01
(ShareCast News) - Qinetiq has won a $16m contract to supply the aircraft launch and landing-arrest systems for the US Navy's next aircraft carrier, the $11.5bn John F Kennedy. The FTSE 250 defence technology specialist's North American unit won the contract from San Diego-based General Atomics.
Read moreWednesday newspaper round-up: Rolls-Royce, pay, Brexit, Qinetiq
30th Dec 2015 07:15
(ShareCast News) - Legislators are to meet Warren East to discuss his restructuring plans for Rolls-Royce, underlining the political sensitivities the new chief executive will have to navigate as he attempts to stabilise the UK's flagship engineering group after five profit warnings. More than 20 La
Read moreDefence stocks fired up by European security spending hopes
17th Nov 2015 13:35
(ShareCast News) - Increased expectations of a security spending blitz in Europe as a result of the Paris attacks has driven up the shares of companies with a defence focus such as BAE Systems and Rolls-Royce. On Tuesday, France's pledge to breach deficit reduction rules by boosting security spendin
Read moreQinetiq maintains full-year expectations
30th Sep 2015 07:47
(ShareCast News) - Defence technology company Qinetiq said it was maintaining its expectations for the financial year. It said its EMEA services division continues to see some customer contract award decisions deferred due to uncertainties in the UK market or delayed by requirements for additional
Read moreQinetiq quietly confident after first quarter as UK defence reviews loom
22nd Jul 2015 09:29
(ShareCast News) - First quarter results from Qinetiq were in line with expectations, as the defence and aerospace company's healthy contract pipeline remains dependent on several UK defence spending reviews. The core Europe Middle East and Africa (EMEA) business, which makes up more than three quar
Read moreFriday broker round-up
26th Jun 2015 10:11
ARM Holdings: Bernstein downgrades to underperform. GlaxoSmithKline: Liberum ups view to hold from sell. HSBC initiates coverage at buy with 1,700p target. AztraZeneca: HSBC initiates coverage at hold with 4,640p target. Qinetiq: UBS downgrades to sell from neutral. Meggitt: UBS raises view to ne
Read moreMonday broker round-up
1st Jun 2015 09:48
Lamprell: Citi reiterates neutral recommendation and raises target to 155p. British Land: JP Morgan ups target to 970p from 950p and stays at overweight. Derwent London: JP Morgan raises target to 3,900p from 3,800p but keeps at overweight. Great Portland Estates: JP Morgan lifts target to 920p fr
Read moreFTSE 250 movers: Booker soars on retail bid, Inchcape hit by weaker revenue
21st May 2015 13:20
London's secondary equity index was inching higher on Wednesday afternoon, buoyed by stronger than expected retail sales and strong performances from mining, telecommunications and pharmaceutical stocks. As of 3:40, the FTSE 250 was trading 4.4 points higher at 18,140. Food wholesaler Booker jumped
Read moreQinetiq impresses with dividend hike and 2016 outlook despite sales shortfall
21st May 2015 08:15
Although full-year sales from Qinetiq were slightly short of expectations, the defence and aerospace technology company brought investors around with a 17% hike in the dividend. Underlying revenues for the year to end-March fell 2% to £763.8m, some way off the market's hopes of £796m, but with a 10
Read moreQinetiq reiterates full year guidance
31st Mar 2015 11:42
Technology solutions provider QinetiQ reaffirmed previous guidance for the financial year ended 31 March. The FTSE 250 group, which held its pre-close meetings with analysts on Tuesday, put out a very short statement that confirmed there had been no material worsening or improvement in its performan
Read moreQinetiQ appoints Wadey as new CEO
27th Jan 2015 16:30
Defence technology group QinetiQ Group has appointed Steve Wadey as its new chief executive (CEO) to replace Leo Quinn on Monday. Wadey, will leave his post as managing director of missile system business MBDA UK, to join the company in the second quarter of the current financial year and will recei
Read moreQinetiq warns on UK defence market uncertainty
20th Nov 2014 08:07
Defence group Qinetiq warned of uncertainty in the UK defence market and its global product division as it reported higher first-half profits but lower revenues. Qinetiq said changes in the UK budgetary environment resulting from the upcoming General Election as well as the Ministry of Defence's (Mo
Read moreBalfour Beatty Q3 orders flat but trading in line
18th Nov 2014 07:36
Civil engineer Balfour Beatty reported trading in line with expectations but said orders were flat at £11.7bn at the end of the third quarter. Balfour, which has replaced its chief executive with former Qinetiq boss Leo Quinn and has fended off a takeover bid from rival Carillion, said the order boo
Read moreBalfour Beatty finance chief quits
4th Nov 2014 09:18
Balfour Beatty finance chief Duncan Magrath is quitting just over a month since the civil engineer issued its fifth profit warning in two years. The FTSE 250 group, which fought off a takeover bid from rival Carillion, said the hunt for a new chief financial officer (CFO) will begin soon, with Magra
Read moreFTSE 250 movers: CSR leads on buy-out deal
15th Oct 2014 15:53
CSR shares leapt after fellow chip designer Qualcomm announced it was buying out the company for 900p a share or £1.56bn - a 36% premium to Tuesday's closing price. Infrastructure group Balfour Beatty saw its share price jump after appointing Qinetiq's chief executive officer Leo Quinn to take up th
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