QinetiQ completes takeover of Aircraft Operations
18th Oct 2018 08:42
(Sharecast News) - QinetiQ Group announced on Thursday that, following the receipt of required approvals, it has completed the acquisition of E.I.S. Aircraft Operations.
Read moreQinetiq says trading in line; no changes to FY expectations
25th Jul 2018 09:10
(Sharecast News) - Defence contractor Qinetiq said first quarter trading was in line with expectations and it expected no changes to full year forecasts.
Read moreThursday broker round-up
16th Feb 2017 09:15
(ShareCast News) - QinetiQ: Canaccord downgrades to Hold with a target price of 285p. RBS: Deutsche Bank reiterates Underperform with a target price of 210p. Aldermore Group: Deutsche Bank reiterates Neutral with a target price of 210p. Smiths: Goldman Sachs reiterates Buy with a target price of 1
Read moreCanaccord downgrades Qinetiq, says shares up with events
16th Feb 2017 08:41
(ShareCast News) - Canaccord Genuity downgraded defence technology specialist Qinetiq to 'hold' from 'buy' as it noted the company's solid third-quarter update on Wednesday but said shares were up with events. The brokerage said that following recent strong trading, which saw the shares rise 17% ove
Read moreLondon open: Stocks edge higher ahead of employment data
15th Feb 2017 08:46
(ShareCast News) - London stocks edged higher in early trade, taking their cue from a positive session in the US, where equities were boosted by unexpectedly hawkish comments from Federal Reserve chair Janet Yellen, as investors eyed some key figures on unemployment and wages. At 0825 GMT, the FTSE
Read moreQinetiq trading in line as Target Systems acquisition is integrated
15th Feb 2017 07:31
(ShareCast News) - Qinetiq, the defence technology specialist, said underlying trading was as expected during the third quarter and that its aspirations for the full year to end-March were unchanged. The FTSE 250 group said revenue under contract at its smaller division, Global Products, was slightl
Read moreQinetiQ rallies on Berenberg upgrade
9th Jan 2017 08:51
(ShareCast News) - QinetiQ Group shares gained on Monday after Berenberg upgraded the defence technology group's stock to 'hold' from 'sell' and lifted the target price to 275p from 210p. "CEO Steve Wadey's growth strategy (outlined in May) is clearly progressing, with meaningful capital now committ
Read moreQinetiQ pays £58m for Meggitt Target Systems
21st Dec 2016 07:10
(ShareCast News) - Meggitt and QinetiQ confirmed on Wednesday morning that QinetiQ has acquired Meggitt Defence Systems and Meggitt Holdings Canada, together Meggitt Target Systems, from Meggitt for £57.5m on a cash-free, debt-free basis. During the year to 31 December, Meggitt Target Systems genera
Read moreQinetiQ secures £1bn LTPA contract amendment
2nd Dec 2016 07:30
(ShareCast News) - Qinetiq has been awarded a £1bn amendment to the Long Term Partnering Agreement from the UK Ministry of Defence to deliver modern air ranges and test aircrew training, enabling military capability for the future. The company will modernise and operate the air ranges at MOD Aberpor
Read moreQinetiQ 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
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