Locks and Security News: your weekly locks and security industry news
16th May 2012 Issue no. 120
Your industry news - first
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Terror scare boosts stocks in security firms
By Toby Green, writing for The Independent
Defence and security companies saw their shares rise sharply yesterday after fears about global terrorism were brought into focus following the recent parcel bombs scare.
Qinetiq saw the biggest rise in the sector, which investors piled into expecting an increase in demand after two bombs placed in printer cartridges were discovered on Friday in Chicago-bound planes. The defence technology and security firm, whose work includes aviation security, saw its price go up 3.8p to 111.2p.
BAE Systems was also up, rising 8.4p to 353.1p, while Smiths put on 40p to 1,232p after reports that the company has already been approached by the Government. Theresa May, the Home Secretary, has said that security measures will be reviewed, while David Cameron yesterday chaired a meeting of Cobra, the emergency planning committee.
3rd November 2010