UK's Pennant International slides after forecasting lower H1 revenue
ReutersAug 8, 2025 8:13 AM
** British logistics software provider Pennant International Group's PNIG.L shares fall ~14% to 24p
** Co expects FY turnover to miss market expectations due to delays in GenFly contract awarded by UK Ministry of Defence in August
** GenFly contract award delayed to Q4 2025 or later due to MOD approval processes, pushing revenue into 2026, PNIG says
** Co expects H1 revenue of 4.5 million pounds, down 39.2% from prior year
** Including session's gains, PNIG down 11.6% YTD
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