Qinetiq to spend £100mn on buybacks

Buying back 30mn shares would boost EPS by 5 per cent, analyst says

January 16, 2024

Revenue from the Avantus lower than expected
Rating below the five-year average

The big news from Qinetiq’s (QQ.) third-quarter trading update was not so much its trading performance but its announcement of a £100mn share buyback.

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