Qinetiq shares rise after unveiling £100m share buyback programme Transport & Infrastructure Qinetiq has unveiled a share buyback programme as it looks to turn around an underwhelming share price performance last year.
City minister slams British investors ‘defunding’ UK defence giants like BAE DEFENCE City minister Andrew Griffith has slammed UK investors’ decision to move away from the country’s top defence firms such as BAE Systems. According to data from the London Stock Exchange, reported by the Financial Times, fund managers based in the UK have cut their holdings in defence firms, including BAE Systems and Qinetiq, by around [...]
Qinetiq doubles down on profit targets despite ‘challenging’ environment Qinetiq Defence giant Qinetiq doubled down on its profits targets today after locking in £800m orders in the first half of the year despite a “challenging” economic environment,
British defence firm Qinetiq ditches Belgian space division in acquisitions spree October 3, 2022 British defence technology firm Qinetiq has sold off its Belgium space division due to “limited” commercial alignment with its global orbital defence ambitions. Qinetiq has sold Space NV to Belgium-based Redwire Space Europe for £28m, having first bought the commercial satellite systems company in 2005. The space firm generated around €49m (£43m) worth of revenue [...]
Best 25 stocks in the last tax year April 15, 2019 | City Talk By Graeme Evans from interactive investor. The FTSE 100 outperformed mid-caps last tax year, but the top FTSE 350 performers might surprise you. Take a look at the financial year ended on the 5th April, with the 25 top performing stocks in the FTSE 350 all producing gains of 40 per cent or more over the [...]
Cuts to defence spending hit Qinetiq’s revenue and profits May 22, 2014 QINETIQ, the former research arm of the Ministry of Defence, yesterday posted a decline in full-year revenue and profit, due to government spending cuts in the US and Europe. The FTSE 250-listed defence and technology company reported revenue of £1.19bn, down from £1.33bn the previous year, while pre-tax profit dropped to £119.4m from £152.1m. But [...]
Qinetiq mulls new markets as it sells US unit April 22, 2014 THE CHIEF executive of Qinetiq yesterday said he would consider “strategic acquisitions” both in the UK and overseas, as the British defence technology firm announced the long-awaited sale of its struggling US services division. FTSE 250-listed Qinetiq has agreed to sell the unit, which offers cyber security services, for $165m (£98.1m) to US-based company The [...]
Qinetiq lines up interest in sale of US tech unit October 20, 2013 QINETIQ, the FTSE 250 listed defence firm, is considering plans to carve out its US unit amid an ongoing review into how to cash in on the flagging division. The former government-owned company, which was floated on the stock market in 2006, is understood to have slapped a for sale sign on its US Services [...]