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Berenberg upgrades Rentokil to 'buy' on proposed Terminix deal
Analysts at Berenberg hiked their target price on pest exterminator Rentokil Initial from 510. 0p to 640. 0p and upgraded their stance on the stock from 'hold' to 'buy' on Friday following the firm's proposed acquisition of US firm Terminix.
London pre-open: Profit-taking set to continue amid downdraft on Wall Street
Stocks were set for a lower open tracking losses on Wall Street and as bracers positioned themselves ahead of the US central bank's policy meeting during the following week.
Bitcoin plunges to five-month lows amid crypto selling spree
Bitcoin suffered sharp falls of around 7%, amid a wave of selling in the cryptocurrency market that has led the most traded of the digital currencies to mark five-and-a-half-month lows and, more importantly, reach the important support of $40,000. The digital asset, that closed Thursday at this price level, following Wall Street's declines because of Netflix, has continued to drain positions to $38,500. Meanwhile, almost $150 billion has evaporated from the market, whose capitalization is $1.
London open: Profit-taking deepens as losses on Wall Street mount, retail sales crater
London stocks were getting walloped at the open as investors' jitters around the prospects for policy tightening by the US central bank continued and after the Office of National Statistics reported that UK retail sales cratered at the end of 2021.
Europe open: Shares slump on weak US earnings, rate rise fears
European stocks slumped at the start of the final session of the week in line with sell-offs in the US and Asia overnight triggered by rate rise fears and poor corporate results.
M&C Saatchi sees FY profits 'materially ahead' as FCA drops probe
Advertising and marketing group M&C Saatchi said on Friday that as a result of "a strong end to the year", it now believes full-year 2021 headline pre-tax profits will be "materially ahead" of previous expectations.
HgCapital makes additional investment into Lyniate
Private equity firm HgCapital said on Friday that it will make an additional investment into healthcare data interoperability firm Lyniate.
Close Brothers sees 'good momentum' in five months to 31 December
Merchant banking group Close Brothers said on Friday that it had performed well in the five months ended 31 December, with good loan book growth at strong margins in its banking unit and continued growth momentum in its asset management division despite a moderation in trading income in its Winterflood arm since the end of the 2021 financial year.
Close Brothers Group performs well in 1H, Ninety One posts small gain in AuM
London open The FTSE 100 is expected to start the day about 80 points lower at 7,505.
4imprint FY revenues surge, pre-tax profits seen at upper end of forecasts
Promotional products business 4imprint Group said on Friday that full-year unaudited group revenues had shot up in 2021, pushing pre-tax profits towards the upper end of analysts' forecasts.
Ninety One AuM rises to £141.7bn at December 31
Investment company Ninety One on Friday said assets under management at December 31 had risen to £141. 7bn compared with £128. 6bn a year earlier.
Friday newspaper round-up: Baltic Dry Index, BT Group, Unilever
In times of market dislocation, it rises sharply to reflect the difficulties in transporting goods — and during the pandemic it has done little else but rise, peaking at more than 5,700. [. ] That peak in the Baltic Dry Index was hit on October 7. Since then, the index has fallen sharply, halving within a month. Though it jumped in the run-up to Christmas, it has dropped back again since. Yesterday it fell further, its tenth consecutive daily decline, to 1,570.