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.