IN BRIEF: Qinetiq launches third GBP50 million buyback tranche

Qinetiq Group PLC - Hampshire, England-based defence technology company - Says it has completed the second GBP50 million tranche of its expanded share buyback programme and has now signed an agreement to begin the next phase. The group says the tranche, executed by Deutsche Numis, forms part of the GBP200 million extension to its ongoing buyback plan announced in March 2025. The full programme is scheduled to run over two years. QinetiQ says it has now entered a new agreement with Deutsche Numis to carry out the third GBP50 million tranche, which it expects to complete by the end of September 2026.

Current stock price: 475.00 pence, up 1.6% on Wednesday afternoon in London

12-month range: up 26%

By Michael Hennessey, Alliance News reporter

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