The pest control and facilities management company Rentokil issued full year results this morning that showed what management described as encouraging signs of growth. Revenues added 3.8%, adjusted operating profits were 5.4% higher, whilst a 30 basis point margin improvement was also seen. The woes that had hit the US arm of the business continue to abate with cost efficiencies highlighted and there’s confidence that the FY26 performance will land as expected. The Rentokil share price was 9% higher in early trade.
Full year results were released by the building material manufacturer Ibstock this morning, but there was little for investors to cheer in the numbers. Revenues are marginally higher but rising costs from input costs and capacity expansion eroded any benefit there, knocking the adjusted EBITDA 10% lower and forcing a meaningful dividend cut, too. Underlying markets are expected to remain challenging whilst the Middle East conflict adds another layer of concern here, too. Although management note that energy costs are 80% hedged for the year ahead, it’s been a rough start and the Ibstock share price was down 5% shortly after the open.
Sports betting and online gaming company Entain issued full year numbers as well this morning. Net gaming revenue added 7% and the underlying EBITDA margin expanded to 25.7% - although there’s evidently some concern about sustaining this level in the longer term given incoming tax changes. Management are however happy with the momentum and add that the business has never been in better shape despite regulatory headwinds. The Entain share price was trading almost 5% higher by 8.30am.
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