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Rentokil has a long way to go to catch up with US peer Rollins
Thursday 27 Feb 2025Long-suffering shareholders in pest control and hygiene business Rentokil Initial (RTO) will be hoping the firm has good news when it reports its full-year results on 6 March. Over the past year, the shares have drifted sideways, in contrast to those of US peer Rollins (ROL:NYSE) which have chalked...
Centrica shares hit fresh 12-month high despite normalised trading
Thursday 27 Feb 2025Shares in Centrica (CNA) hit a new 12-month of 151p (24 February) not long after the British Gas owner announced better-than-expected results and a £500 million share buyback. Although the FTSE 100 company’s EBITDA (earnings before interest taxation depreciation amortisation) for the full year...
German election result promises continuity as the centre holds
Thursday 27 Feb 2025The outcome of last weekend’s German elections wasn’t just a matter for Germans – as the largest economy in Europe, and the third-largest in the world, the result will ‘set the tone for the whole continent from security and defence to technology policy to relations with China,’ as Bloomberg’s Alan...
Airbnb shares enjoy record day after strong Q4 and growth initiative
Thursday 20 Feb 2025Travel platform Airbnb (ABNB:NASDAQ) saw its shares jump more than 14% on 14 February, the biggest one day jump since its IPO (initial public offering) in 2020. The source of the excitement was not just that fourth quarter earnings came in ahead of Wall Street estimates, but the hosting firm’s...
Strong regulatory tailwinds keep XPS Pensions in the ascendency
Thursday 20 Feb 2025Pension consulting and administration group XPS Pensions (XPS) has been on a tear over the last year with the shares almost doubling, reflecting double-digit growth in the business. An unscheduled trading update on 14 February sent the shares to yet another new all-time high as the FTSE 250 company...
Wood Group shares hit an all-time low after review and cash flow revelation
Thursday 20 Feb 2025In the annals of stock market history there can be few deals as disastrous as Wood Group’s (WG.) merger with Amec Foster Wheeler. The tie-up, which took place in 2017, has caused a plethora of problems for Wood Group in the interim and, combined with industry-wide structural pressures, has seen its...
Is the Rolls-Royce recovery complete?
Thursday 20 Feb 2025Aero-engine maker Rolls-Royce (RR.) will go down as one of the greatest turnaround stories on record, with chief executive Tufan Erginbilgic injecting the sort of short, sharp, shock treatment the company needed. Stephen Anness, manager of Invesco Global Equity Income Trust (IGET) , first invested...
Market relaxed about outcome of crucial European poll for now
Thursday 20 Feb 2025Voters are set to turn out on 23 February for a general election in Germany which so far seems to have largely slipped under the market’s radar. Despite being Europe’s most populous nation and its largest economy, US investment bank Morgan Stanley notes that, of investors who participated in a...
UK and European defence stocks surge as governments mull security spending hike
Thursday 20 Feb 2025European defence stocks are becoming hot property again as governments across the continent signal an urgent need to increase military spending. The pan-European Stoxx 600 closed the session on 17 February 0.54% higher, lifted by a 4%-plus jump in the Stoxx 600 Aerospace and Defence index. With...
BP faces day of destiny as activist Elliott builds stake
Thursday 13 Feb 2025It already felt like a day of destiny, postponed so chief executive Murray Auchincloss could undergo an undisclosed medical procedure, but the stakes have been raised ahead of BP’s (BP.) strategy day on 26 February. News US activist investor Elliot has joined the share register has got the share...