The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksQinetiq Share News (QQ.)

Share Price Information for Qinetiq (QQ.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 413.60
Bid: 409.60
Ask: 411.20
Change: -10.80 (-2.54%)
Spread: 1.60 (0.391%)
Open: 415.00
High: 418.20
Low: 405.60
Prev. Close: 424.40
QQ. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London close: Stocks finish lower as wage growth eases

Tue, 16th Jan 2024 16:17

(Sharecast News) - London's stock markets finished in the red on Tuesday, as investors assessed the latest UK jobs data.

Negative sentiment was mirrored across the Atlantic as well, as Wall Street returned from its long weekend in negative territory.

The FTSE 100 closed down by 0.48% at 7,558.34 points, while the FTSE 250 saw a marginal dip of 0.04% to reach 19,193.32 points.

In currency markets, sterling was last down 0.57% on the dollar to trade at $1.2655, while it strengthened 0.08% against the euro to change hands at €1.1632.

"Despite German investor morale hitting an eleven month high, eurozone inflation expectations falling to a near two-year low and slowing UK wage growth, European stock indices saw their second negative session of the week," said IG senior market analyst Axel Rudolph.

"A reappraisal of the Fed's and ECB's rate cut outlook amid hawkish comments by officials and factory activity in New York shrinking the most since 2020 pushed most US indices down as well.

"Investors will now focus on key China data, UK inflation and US retail sales on Wednesday."

Rudolph added that a hawkish reassessment of the Fed's monetary policy helped the US dollar index rise to a one-month high, accompanied by a falling gold price.

"Global demand worries outshone concerns regarding a possible escalation in the Middle East and Red Sea conflicts with oil and gas prices slipping."

UK wage growth eases as unemployment rate remains stable

In economic news, the Office for National Statistics (ONS) reported that UK wage growth in the three months to November eased, while the unemployment rate remained unchanged at 4.2%.

Total pay, including bonuses, increased by 6.5%, down from the previous three-month period's 7.2%, aligning with consensus expectations.

Additionally, the ONS estimated a decrease of 24,000 payrolled employees in December, bringing the total to 30.2 million.

Vacancies also saw a decline, falling by 49,000 to 934,000 in the three months to December, marking the 18th consecutive decrease, the longest recorded.

In Germany, Destatis reported that inflation for December stood at 3.8%, consistent with preliminary data.

Excluding volatile food and energy prices, the consumer price index rose by 5.1% annually. Notably, food prices surged by 12.4% year-on-year, while energy prices increased by 5.3% compared to the previous year.

In November, consumer prices, harmonised for European Union comparison, showed a 2.3% year-on-year rise.

Meanwhile, German business sentiment experienced a boost in January, according to the ZEW Center for European Economic Research.

The ZEW investor expectations index rose to 15.2, up from December's 12.8, surpassing consensus expectations of 12.0.

However, the current conditions index dipped slightly to -77.3 in January, compared to -77.1 the previous month.

On the other side of the Atlantic, the New York Empire State manufacturing index reported a significant drop to -43.7 in January, marking its lowest reading since May 2020.

The decline reflected a sharp contraction in manufacturing activity in the state.

New orders fell to -49.4, and shipments dropped to -31.3, both down from previous readings.

Unfilled orders continued to decrease, and delivery times shortened.

Rightmove falls, Spirent jumps as it ends year in line

On London's equity markets, Rightmove dropped 4.58% after JPMorgan downgraded it to 'underweight' from 'neutral', while Rolls-Royce Holdings faced a decline of 0.6% following a downgrade to 'sell' by Berenberg.

AstraZeneca was off 2.1% after UBS downgraded it to 'sell,' while Moneysupermarket Group slumped 7.07% on the back of a downgrade to 'hold' at Jefferies.

Trustpilot Group saw a 3.21% decrease, as Berenberg sold over 5.17 million shares in the review website on behalf of shareholder Northzone.

On the upside, Ocado Group rose 0.61% after the online grocer forecast a return to positive earnings for the 2023 financial year, with fourth-quarter revenues increasing by nearly 11%.

Experian rallied with a 2.3% increase, narrowing its full-year targets to the upper end of guidance following a strong third quarter, where revenue growth accelerated from the first half.

Vodafone Group nudged up 0.04% after signing a 10-year strategic partnership with Microsoft, involving a $1.5bn investment over the next decade to enhance the customer experience using generative artificial intelligence.

Spirent Communications jumped 10.54% after it reported full-year results in line with revised expectations after a challenging year.

QinetiQ Group rose 5.03% after the defence and security firm backed its full-year expectations, citing "excellent" order intake and announcing plans for a share buyback of up to £100m.

Direct Line Insurance Group received a boost of 1.17% following an upgrade to 'buy' by Berenberg.

Housebuilder Persimmon gained 1.28% after an upgrade to 'buy' from 'hold' by Jefferies, which expressed optimism about the company's potential to benefit from an improving market sentiment.

Reporting by Josh White for Sharecast.com.

Market Movers

FTSE 100 (UKX) 7,558.34 -0.48%

FTSE 250 (MCX) 19,193.32 -0.04%

techMARK (TASX) 4,302.18 0.32%

FTSE 100 - Risers

Experian (EXPN) 3,200.00p 2.37%

Hikma Pharmaceuticals (HIK) 1,970.00p 1.91%

Compass Group (CPG) 2,220.00p 1.37%

Persimmon (PSN) 1,468.50p 1.24%

Burberry Group (BRBY) 1,227.00p 1.24%

Flutter Entertainment (CDI) (FLTR) 13,270.00p 0.91%

Next (NXT) 8,558.00p 0.87%

Spirax-Sarco Engineering (SPX) 9,914.00p 0.85%

Relx plc (REL) 3,224.00p 0.69%

United Utilities Group (UU.) 1,057.50p 0.62%

FTSE 100 - Fallers

JD Sports Fashion (JD.) 107.35p -5.25%

Fresnillo (FRES) 502.80p -4.63%

Rightmove (RMV) 542.80p -3.90%

Standard Chartered (STAN) 589.20p -2.61%

Barclays (BARC) 141.22p -2.59%

International Consolidated Airlines Group SA (CDI) (IAG) 142.10p -2.34%

Centrica (CNA) 146.40p -2.27%

Convatec Group (CTEC) 242.00p -2.02%

Legal & General Group (LGEN) 247.50p -1.98%

AstraZeneca (AZN) 10,646.00p -1.90%

FTSE 250 - Risers

Spirent Communications (SPT) 128.10p 10.62%

Harbour Energy (HBR) 315.00p 6.20%

QinetiQ Group (QQ.) 332.40p 4.46%

Bytes Technology Group (BYIT) 611.00p 3.38%

3i Infrastructure (3IN) 324.50p 3.02%

Genus (GNS) 2,234.00p 2.95%

Diversified Energy Company (DEC) 1,027.50p 2.75%

Bakkavor Group (BAKK) 94.20p 2.61%

AJ Bell (AJB) 298.80p 2.61%

Ferrexpo (FXPO) 73.30p 2.52%

FTSE 250 - Fallers

Moneysupermarket.com Group (MONY) 249.80p -7.00%

Helios Towers (HTWS) 87.30p -4.07%

TUI AG Reg Shs (DI) (TUI) 529.50p -3.99%

Trustpilot Group (TRST) 159.00p -3.75%

Travis Perkins (TPK) 745.00p -3.75%

Hochschild Mining (HOC) 89.15p -3.62%

Crest Nicholson Holdings (CRST) 208.80p -2.79%

Centamin (DI) (CEY) 92.60p -2.58%

Currys (CURY) 46.16p -2.45%

PPHE Hotel Group Ltd (PPH) 1,175.00p -2.08%

More News
13 Mar 2023 09:55

"Vicious" sell-off: 99% of STOXX in the red

STOXX 600 down 2.2%

*

Read more
1 Mar 2023 09:52

LONDON BROKER RATINGS: Canaccord says sell Future; Investec likes RWS

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
16 Feb 2023 09:08

IN BRIEF: Qinetiq appoints Gary Stewart as Australia chief executive

Qinetiq Group PLC - Announces the formation of a new Australia sector and names Gary Stewart as the sector's chief executive, effective May 1.

Read more
16 Feb 2023 08:02

QinetiQ forms new Australia unit, names CEO

(Sharecast News) - Defence technology company QinetiQ said it had formed a new Australia Sector and named Gary Stewart as its chief executive.

Read more
1 Feb 2023 17:08

LONDON MARKET CLOSE: FTSE 100 in the red as US Fed decision looms

(Alliance News) - Stocks in London were mixed at the close on Wednesday as markets looked ahead to the US Federal Reserve's next interest rate decision.

Read more
1 Feb 2023 09:33

LONDON BROKER RATINGS: Citigroup cuts Persimmon; HSBC raises Asos

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
27 Jan 2023 15:48

UK dividends calendar - next 7 days

Monday 30 January 
J Smart & Co (Contractors) PLCdividend payment date
Tuesday 31 January 
CT Private Equity Trust PLCdividend payment date
Dotdigital Group PLCdividend payment date
DS Smith PLCdividend payment date
European Assets Trust PLCdividend payment date
Hipgnosis Songs Fund Ltddividend payment date
Lowland Investment Company PLCdividend payment date
Wednesday 1 February 
F&C Investment Trust PLCdividend payment date
Johnson Matthey PLCdividend payment date
Mercantile Investment Trust PLCdividend payment date
MITIE Group PLCdividend payment date
United Utilities Group PLCdividend payment date
Workspace Group PLCdividend payment date
Thursday 2 February 
Atrato Onsite Energy PLCex-dividend payment date
Axiom European Financial Debt Fund Ltdex-dividend payment date
British American Tobacco PLCdividend payment date
CC Japan Income & Growth Trust PLCex-dividend payment date
Dunedin Income Growth Investment Trust PLCex-dividend payment date
DWF Group PLCex-dividend payment date
Edinburgh Investment Trust PLCex-dividend payment date
GCP Asset Backed Income Fund Ltdex-dividend payment date
Henderson International Income Trust PLCex-dividend payment date
Hollywood Bowl Group PLCex-dividend payment date
Hollywood Bowl Group PLCspecial ex-dividend date  
IG Group Holdings PLCex-dividend payment date
JLEN Environmental Assets Group Ltdex-dividend payment date
JPMorgan Global Core Real Assets Ltdex-dividend payment date
M&G Credit Income Investment Trust PLCex-dividend payment date
Merchants Trust PLCex-dividend payment date
North American Income Trust PLCex-dividend payment date
Paragon Banking Group PLCex-dividend payment date
PayPoint PLCex-dividend payment date
Polar Capital Global Financials Trust PLCex-dividend payment date
Polar Capital Global Healthcare Trust PLCex-dividend payment date
Starwood European Real Estate Finance Ltdex-dividend payment date
Treatt PLCex-dividend payment date
Watkin Jones PLCex-dividend payment date
XPS Pensions Group PLCdividend payment date
Friday 3 February 
Cardiff Property PLCdividend payment date
CT UK High Income Trust PLCdividend payment date
Diploma PLCdividend payment date
Dr Martens PLCdividend payment date
Experian PLCdividend payment date
Halma PLCdividend payment date
Jet2 PLCdividend payment date
JPMorgan European Discovery Trust PLCdividend payment date
JPMorgan Japanese Investment Trust PLCdividend payment date
JPMorgan Multi-Asset Growth & Income PLCdividend payment date
Qinetiq Group PLCdividend payment date
Severfield PLCdividend payment date
Topps Tiles PLCdividend payment date
Twentyfour Income Fund Ltddividend payment date
Vodafone Group PLCdividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
18 Jan 2023 11:39

IN BRIEF: Qinetiq on track to deliver in line with expectations

Qinetiq Group PLC - Hampshire, England-based science & engineering company operating primarily in the defence and security markets - Says it is on track to deliver in line with expectations for financial 2023. Continues to deliver good operational performance in the third quarter ended on December 31. It has recently delivered four additional RCV-L prototype vehicles to the US Army for expanded testing. Qinetiq has also won a 10-year contract with the UK Ministry and Defence, worth GBP80 million for mission data services.

Read more
18 Jan 2023 09:33

Qinetiq on track to meet expectations after 'good' Q3

(Sharecast News) - Defence technology company Qinetiq said on Wednesday that it was on track to meet expectations after a "good" third quarter.

Read more
16 Jan 2023 08:48

QinetiQ Group wins GBP80 million contract with UK Ministry of Defence

(Alliance News) - QinetiQ Group PLC on Monday said it had won an GBP80 million contract with the UK Ministry of Defence.

Read more
16 Jan 2023 08:12

Qinetiq wins £80m contract with MOD

(Sharecast News) - Qinetiq said on Monday that it has won an £80m contract with the UK's Ministry of Defence (MOD).

Read more
16 Jan 2023 07:50

LONDON BRIEFING: FTSE 100 seen flat; Just Eat and Sainsbury's partner

(Alliance News) - With US financial markets closed for a public holiday on Monday and after better-than-expected data for the UK economy on Friday, stocks in London were set to start the week slightly higher.

Read more
11 Jan 2023 15:45

UK earnings, trading statements calendar - next 7 days

Thursday 12 January 
ASOS PLCTrading Statement
Big Yellow Group PLCQ3 Results
Dechra Pharmaceuticals PLCTrading Statement
Foresight Group Holdings LtdTrading Statement
Gym Group PLCTrading Statement
Halfords Group PLCTrading Statement
Hilton Food Group PLCTrading Statement
John Wood Group PLCTrading Statement
Pharos Energy PLCTrading Statement
Persimmon PLCTrading Statement
Marks & Spencer Group PLCTrading Statement
Mitchells & Butlers PLCTrading Statement
N Brown Group PLCTrading Statement
Tesco PLCTrading Statement
Whitbread PLCTrading Statement
XP Power LtdTrading Statement
Friday 13 January 
DFS Furniture PLCTrading Statement
MJ Gleeson PLCTrading Statement
Taylor Wimpey PLCTrading Statement
Monday 16 January 
Ashmore Group PLCTrading Statement
Hercules Site Services PLCFull Year Results
Knights Group Holdings PLCHalf Year Results
Rio Tinto PLCTrading Statement
Tuesday 17 January 
Alliance Pharma PLCTrading Statement
Card Factory PLCTrading Statement
Crest Nicholson Holdings PLCFull Year Results
Experian PLCTrading Statement
Genel Energy PLCTrading Statement
Hays PLCTrading Statement
Henry Boot PLCTrading Statement
IntegraFin Holdings PLCTrading Statement
Ocado Group PLCTrading Statement
Petra Diamonds LtdTrading Statement
Ramsdens Holdings PLCFull Year Results
Safestore Holdings PLCFull Year Results
THG PLCTrading Statement
Wise PLCTrading Statement
Wednesday 18 January 
Associated British Foods PLCTrading Statement
Burberry Group PLCQ3 Results
Currys PLCTrading Statement
Diploma PLCTrading Statement
Galliford Try Holdings PLCTrading Statement
Gateley Holdings PLCTrading Statement
Ibstock PLCTrading Statement
Kenmare Resources PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
Midwich Group PLCTrading Statement
Pearson PLCTrading Statement
Rathbones Group PLCTrading Statement
Vistry Group PLCTrading Statement
QinetiQ Group PLC
Trading Statement
WH Smith PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
29 Dec 2022 13:41

UK dividends calendar - next 7 days

Friday 30 December 
Alliance Trust PLCdividend payment date
Atlantis Japan Growth Fund Ltddividend payment date
CT Property Trust Ltddividend payment date
Downing Renewables & Infrastructure Trust PLCdividend payment date
Energean PLCdividend payment date
Henderson Diversified Income Trust PLCdividend payment date
HICL Infrastructure PLCdividend payment date
Imperial Brands PLCdividend payment date
JLEN Environmental Assets Group Ltddividend payment date
NextEnergy Solar Fund Ltddividend payment date
PayPoint PLCdividend payment date
Premier Miton Global Renewables Trust PLCdividend payment date
Real Estate Credit Investments Ltddividend payment date
Record PLCdividend payment date
RM Infrastructure Income PLCdividend payment date
Temple Bar Investment Trust PLCdividend payment date
Warehouse REIT PLCdividend payment date
Wincanton PLCdividend payment date
Monday 02 January 
no events scheduled 
Tuesday 03 January 
AVI Global Trust PLCdividend payment date
Blackrock Sustainable American Income Trust PLCdividend payment date
Fuller Smith & Turner PLCdividend payment date
Land Securities Group PLCdividend payment date
Next PLCdividend payment date
Wednesday 04 January 
Braemar PLCdividend payment date
Bunzl PLCdividend payment date
Great Portland Estates PLCdividend payment date
LXI REIT PLCdividend payment date
Tate & Lyle PLCdividend payment date
Thursday 05 January 
abrdn Latin American Income Fund Ltdex-dividend payment date
abrdn New Dawn Investment Trust PLCex-dividend payment date
abrdn Smaller Companies Income Trust PLCex-dividend payment date
Auto Trader Group PLCex-dividend payment date
Baillie Gifford European Growth Trust PLCex-dividend payment date
Blackrock Frontiers Investment Trust PLCex-dividend payment date
Caledonia Investments PLCdividend payment date
Castings PLCdividend payment date
Cohort PLCex-dividend payment date
CT Private Equity Trust PLCex-dividend payment date
CT UK High Income Trust PLCex-dividend payment date
Dr Martens PLCex-dividend payment date
Experian PLCex-dividend payment date
F&C Investment Trust PLCex-dividend payment date
Henderson European Focus Trust PLCex-dividend payment date
Henderson European Focus Trust PLCspecial ex-dividend date  
Impellam Group PLCspecial ex-dividend date  
iomart Group PLCex-dividend payment date
Martin Currie Global Portfolio Trust PLCex-dividend payment date
Montanaro European Smaller Cos Trust PLCdividend payment date
Murray International Trust PLCex-dividend payment date
Qinetiq Group PLCex-dividend payment date
Severfield PLCex-dividend payment date
Shires Income PLCex-dividend payment date
Smart Metering Systems PLCex-dividend payment date
UP Global Sourcing Holdings PLCex-dividend payment date
Walker Crips Group PLCex-dividend payment date
WH Smith PLCex-dividend payment date
Workspace Group PLCex-dividend payment date
XPS Pensions Group PLCex-dividend payment date
  
Copyright 2022 Alliance News Ltd. All Rights Reserved.

Read more
6 Dec 2022 09:56

QinetiQ Group acquires Air Affairs, growing Australia revenue by 40%

(Alliance News) - QinetiQ Group PLC on Tuesday said it had acquired Air Affairs Australia at the end of November.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.