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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.