Report: UK defense stocks react indifferently to the resignation of the Defense Minister.

Jefferies' Andrew Douglas wrote in a report that British defense companies seem to have low expectations for the government's funding plans, as evidenced by the lukewarm response of the sector's stocks to the resignation of the country's Defense Minister on Thursday. John Hilly stated that he resigned in protest of what he called a lack of funding for his department, before the government funding review was published. Douglas said, "We believe that the tepid response reflects the market's anticipation of disappointment with the Defense Investment Plan's delay and the continuous leakage of information regarding the amount of available funds." He added that despite this, broader military conflicts still maintain strong demand for companies in this sector.