8 January 2021 | 07:26am
StockMarketWire.com - Rentokil Initial said it has acquired Tampa-based pest control company Environmental Pest Service.
The company said that for the full year ending 31 December 2020, it had acquired 23 new businesses with annualised revenues of over £150 million, for a cash spend of £180 million.
This excludes the consideration for EPS which was paid at the beginning of January 2021.
Rentolkil Initial said trading across its hygiene and pest control categories has continued to be strong in fourth quarter and it expects the final outcome for the year to be slightly above the top end of the range of current market expectations for adjusted PBTA.
8 January 2021 | 11:59am
StockMarketWire.com - The FTSE 100 was just about on course to end the week on a high point by Friday lunchtime. By midday the index was up a handful of points up 6,863.57, extending its stellar start to 2021.
Wall Street stocks hit record highs on Thursday after Congress confirmed Joe Biden as the winner of the presidential election, boosting hopes for additional economic stimulus. US futures suggested this momentum would be sustained when trading resumes later.
Asian shares also climbed, with the Nikkei hitting a 30-year high.
Marks & Spencer reported a slump in profits in the run up to Christmas as trading restrictions resulting from the Covid-19 pandemic continue to take their toll.