Markets report: Defence review hope fires up QinetiQ

Arms firm QinetiQ soared yesterday after it said robots and cyber warriors are likely to be a bigger feature than traditional tanks and jet fighters in the delayed defence and security review. The prediction from Steve Wadey, the chief executive, came as the defence and contractor company also delivered strong results. Revenue was up almost 25pc to £603m in the six months to the end of September, and pre-tax profits were 15pc better at £82m. Its shares boosted 32.2p to 323.20p, in th