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February 10: Qinetiq shares were priced at 200p today, just below the 205p which marked the top of the range it had indicated. The stock rose 7 per cent, or 14p, to 214p. Today marks the start of conditional trading: retail investors can trade from next Wednesday. There was a dreadful interview by John Humphrys on the Qinetiq float on this morning’s Today Programme at about 7.30. You can listen to it online.
The Compass board came in for a very hard time at the annual meeting today. Our correspondent Salamader Davoudi had a ringside seat and sat there politely while Mike Bailey, the group’s embattled chief executive, had a swipe at the press. Most intemperate.
I’m afraid I’ll be skiing next week so this will be my last blog until February 20.
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