FTSE 100 rises 0.5%, Rentokil surges 12.3% on takeover bid

From Investing.com: 2024-07-22 04:00:31

London stocks rose on Monday with the FTSE 100 up 0.5% and the FTSE 250 up 0.3% amid corporate updates and news of Joe Biden exiting the reelection race. Rentokil spiked 12.3% on reports of a takeover bid, boosting the industrial support services sector by 2.6%. Travel stocks suffered while U.S. futures edged higher post-Biden news.

GDP and inflation data in the U.S. will impact Federal Reserve policy. Investors await earnings reports from companies like Alphabet and Tesla. Entain surged 4.2% after naming a new CEO, while Ocado soared 6.3% on an order from Kroger. Hammerson also jumped 6.5% on a major sale. London market remains active with varied movements in different sectors.



Read more at Investing.com: FTSE 100 rebounds amid broader gains; Rentokil surges By Reuters