Mar 18, 03:41 AM

QinetiQ Shares Plunge 21% Amid Earnings Outlook Cut; Close Brothers Falls 18% on Motor Finance Issues, Sabre Insurance Drops Over 8%

Shares of QinetiQ plummeted by 21% as the defense firm announced a cut in its earnings outlook, citing geopolitical uncertainty and delays in contract awards in both the UK and US. The company anticipates only around 2% organic revenue growth for fiscal year 2025 and 3% to 5% for fiscal year 2026, reflecting challenging market conditions. Concurrently, Close Brothers reported an 18% drop in its shares due to issues related to motor finance and margin pressures, resulting in a swing to a loss. Additionally, Sabre Insurance's stock fell over 8% as market pressures negatively impacted its growth outlook.

#QinetiQ #UK #US #Close Brothers #Sabre Insurance

Written with ChatGPT (GPT-4o mini).

Sources

Investing.com News@newsinvesting
11 months ago
Sabre Insurance drops over 8% as market pressures weigh on growth outlook https://t.co/FbydI5TnMc
Investing.com News@newsinvesting
11 months ago
Close Brothers shares plunge 18% on Motor Finance woes, margin pressure https://t.co/vQXIDog45F
Bloomberg@business
11 months ago
Close Brothers swings to loss amid motor finance saga, SThree sees some hiring picking up and UK-EU discuss seizing frozen Russian assets -- get briefed ahead of your morning calls with The London Rush https://t.co/mrIhygeqrO

QinetiQ Shares Plunge 21% Amid Earnings Outlook Cut; Close Brothers Falls 18% on Motor Finance Issues, Sabre Insurance Drops Over 8%

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