Kainos down after trading update

FTSE 250 software developer Kainos (LON:KNOS) saw its share price sink by 5.56% to 10,20p (as of 16:30 BST) after reporting that results for the year ended 31st March would be in line with consensus estimates. The company has seen significant demand from the public sector for its digital services offerings and has also won a number of consulting contracts internationally.

Despite this, the company remains cautious about the impact of COVID and the ensuing economic uncertainty on future business performance.