Broker Recommendations

QinetiQ needs to 'rebuild trust' after profit warning, says Shore Capital

By Benjamin Chiou

Date: Tuesday 18 Mar 2025

(Sharecast News) - Shore Capital on Tuesday cut its recommendation for QinetiQ from 'buy' to 'hold' following a profit warning from the UK defence contractor on Monday.
Ahead of its full-year results in May, the company announced it would take a £140m impairment charge amid persistently tough market conditions, hitting its...

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