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Unilever and retail sales in focus ahead of the Easter weekend
Its an early finish for the market this week, but, there's a little bit more news to come.
Company
Rentokil Initial PLC
LON:RTO
Rentokil Initial plc is a holding company that, through its subsidiaries, provides a range of business to business support services in five business segments: Textiles and Washroom Services, Pest Control, Facilities Services, Ambius and City Link.
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Investments and investor services
FTSE 100 closes flat as traders don't know which way to turn
Footsie closed down around 0.19 at 7,436, while mid-cap FTSE 250 was up around 95 points at 19,807
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Hot cross buns will be wanted but there is still plenty to digest in the week before Easter
There will be plethora of UK data - jobs, inflation, and retail sales - plus corporate updates from the likes of Unilever, BHP Rio Tinto, Bunzl and Rentokil Initial
Rentokil Initial must offer proposals to address CMA concerns regarding takeover of MITIE's pest control unit
The CMA said: "Having considered a wide range of evidence, it (CMA) has found there could be a substantial reduction in competition, which may lead to higher prices or reduced quality for customers”
FTSE 100 closes marginally down after treading water through the day as Parliament breaks for Easter after Brexit extension
Holiday cheer as airline stocks gain on hopes holidaymakers will put Brexit concerns aside for summer
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WH Smith investors are hoping for dividend boost
Less of a newsagent nowadays but could WH Smith be set to increase payouts to shareholders.
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Retailers Tesco and ASOS to provide the main corporate excitement in coming week
Also on the retail front, WH Smith and Dunelm will issue updates as well in the Week Ahead, while on the macro front an ECB rate decision and US FOMC meeting minutes are also due
Market buys into pest control splurge by Rentokil Initial
The group acquired 47 businesses in 2018, 42 in pest control and 4 in hygiene
FTSE 100 closes lower as Chinese data dents sentiment
The UK's premier share index closed down around 32 points at 7,074
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IAG, Rolls Royce and British American Tobacco on the agenda for busy blue chip Thursday
Its set to be a busy day for blue-chip news in London on Thursday.
Rentokil ordered to sell supply contracts by UK regulator as part of Cannon merger
The decision by the regulator follows a investigation into the deal after the CMA raised concerns that Rentokil’s merger with Cannon could lead to higher prices or lower quality
Investments and investor services
FTSE 100 nudges lower at close as China growth worries hit stocks
The UK's blue-chip index finished down nearly seven points at 6,96, while FTSE 250 was also lower
FTSE 100 closes in red as Wall Street shares lag; Brexit exhaustion
The UK blue-chip benchmark finished down over 27 points at 7,026, while the FTSE 250 closed down over 52 points at 18,961.
Archive
Sales acceleration expected from Unilever after Marmite maker's Dutch move stymied
Aside from the latest trading news from Unilever, the Day Ahead includes updates from blue-chip peer Rentokil Initial and FTSE 250-listed Domino's Pizza
Housebuilders in focus as Barratt Developments and Bellway update on trading
The week ahead includes full year results from Bellway and ASOS, interims from Gear4Music and trading updates from Barratt Developments, Segro, Unilever, Domino's Pizza and Rentokil
Rentokil Initial weak as first-half profit and revenue miss forecasts, full-year guidance left unchanged
On a statutory basis, the FTSE 100-listed firm’s first-half revenue was down 1.8% to £1.17bn, and pre-tax profit dropped 81.3% to £109.5mln
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FTSE 100 finishes higher as investors come back to risk; big miners gain
The Footsie finished up almost 48 points at 7,748, but FTSE 250 fell
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BP may have already given a results spoiler, but there will be plenty else to digest on Tuesday
Aside from the oil giant's second-quarter numbers, results are also due from the likes of Centrica, Standard Chartered, Taylor Wimpey, Just Eat, and Greggs
Rentokil downgraded to 'hold' after its recent rally
Jefferies has increased its 2018-2020 estimates by 2-3%. It is in line with consensus forecasts for 2018 but is 3% above consensus in 2019, and 7% above in 2020
Rentokil Initial weak as Competition and Markets Authority refers its acquisition of Cannon Hygiene for an in-depth investigation
The watchdog said it had found that, if the merger goes ahead, “the companies could face very limited competition from other suppliers of washroom products and services"