Big gains for Rentokil Initial this morning off the back of Q3 results. The company has been struggling for some time, notably from acquisitions in the US market, but efforts taken to optimise the return on investment are paying off. Customer and staff retention rates are improving, costs have been cut and margins are up, too. The Rentokil share price was up around 10% in early trade.
The global data company which also operates the London Stock Exchange posted Q3 numbers this morning but also advised that they had sold off a tranche of the company’s post trade solutions business to a consortium of banks. Another transaction sees a restructuring of other relationships with LSEG paying upfront for an enhanced revenue stream. The core trading update also included news of upgraded full year EBITDA margin guidance, with investors applauding the raft of news. The LSEG share price was up more than 6% in early trade.
The manufacturing technology provider Renishaw issued a Q1 update this morning, reporting distinctly mixed conditions. Revenue growth was hampered by currency headwinds and although there is confidence that this metric will improve as FY26 plays out, part of the income uptick was in the shape of charges added to cover US tariffs. Investors gave the news a cool response with the Renishaw share price down almost 5% shortly after the open.
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