QinetiQ Group plc (QQ.L), in its trading update, said it anticipates Group's performance in the second half to be broadly similar to that of the first half.
The Board now expects that the normal trading pattern of a seasonally stronger second half performance will not occur in the current financial year.
Net debt at 31 December 2009 closed at £509 million, up from the half year level due to the impact of cash restructuring, payment of £12 million deferred consideration for the acquisition of DTRI last year and other outflows. At the expected level of trading performance for the year, the Group said it remains well within its banking covenants.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.