UK's Qinetiq slides 16% on grim trading update
Qinetiq shares QQ.L slide over 16%, top loser on FTSE mid-cap .FTMC and set for worst day since 2006 IPO
British defence group says tough near-term conditions delays contract awards, geopolitical uncertainty hits usual Q4 weighting to higher-margin sales from U.S.
Now expects FY25 organic sales growth of ~2% (vs high single digit earlier) and says to take related 140 mln pounds (~$181 mln) goodwill impairment charge and 35-40 mln pounds in other charges
Jefferies says unscheduled Q4 trading update will trigger consensus downgrades of about 20% in FY25 and 10% in FY26
Stock back to levels as of early March when defence firms soared on European leaders' plan to boost defence spend
Still, stock is up 4.3% YTD after a 34.4% jump in 2024
($1 = 0.77 pounds)
Related Articles
National Debt Bomb Ignited? Musk Warns U.S. Will Be 1000% Bankrupt Without AI
TradingKey - Tesla (TSLA) CEO Elon Musk recently issued another warning regarding the rapidly ballooning U.S. national debt. He stated clearly that without artificial intelligence and robotics, the United States will inevitably head toward fiscal bankruptcy.
Tesla Stock Outlook: Competing With Rivian, Robotaxi Potential, and 2026 Prospects
There is much conversation about the prospect of investing in Tesla (TSLA) as we move closer to 2026. The volatility of its share price in 2025 is leading many investors to consider if they should purchase shares of Tesla given the alternatives available in terms of electric vehicles (Rivian, etc.).
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 market
