The pest control and hygiene giant published Q3 results this morning, painting a mixed picture for the company but evidently giving investors sufficient cause for cheer. Sales were flat and expectations for FY25 were trimmed but critically, the numbers weren’t as bad as some had feared. The Rentokil Share price was up by more than 7% in the first hour of trade.
Gambling group Entain found yet more cause for cheer this morning as it continued to recover the week’s earlier losses following media speculation around a potential government tax-raid on the sector. The publication of its latest quarterly update showed broad based growth during the reporting season and a tightening of full year EBITDA guidance towards the top end of the previously stated range. The Entain share price was sitting around 3% higher shortly after the open.
The retailer behind brands such as Jacamo and JD Williams announced this morning that its management team had agreed terms with a private equity bidding consortium to acquire the entire company at 40p per share. That represents a 48% premium to last night’s closing price and provides a company-wide valuation of £191m. With more than 50% of shareholders already committed to supporting the deal, this is likely to pass and the N Brown share price was up 42% by 9am.
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