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Rentokil (LON: RTO) Plunges 17% Despite Q2 Earnings Beat as Slowing U.S. Pest Demand Weighs on Outlook
Rentokil Initial shares plunged 17.1% on Thursday, July 30, 2026, despite beating quarterly profit estimates. Shares fell to 367.5 pence, their lowest level since September 29, 2025. The pest control giant reported second-quarter adjusted profit before tax of $459 million, ahead of the $442.7 million consensus. Yet weakening North American residential demand overshadowed the beat…
Lloyds (LLOY.L) Jumps After H1 Profit Climbs 23% to £4.3B, Bank Targets Additional £2B Cost Cuts
Lloyds Banking Group shares jumped on July 30, 2026, after posting a £4.3 billion pre-tax profit for H1 2026. The figure beat an internal target of £4.1 billion and rose 23% from £3.5 billion a year earlier. Net interest income climbed 9% to £7.3 billion. Lloyds also unveiled a further £1 billion share buyback and…
Sony (TYO: 6758) Seeks to Acquire Tamron (TYO: 7740); Lens Maker Valued at $1.3 Billion
Sony Group Corporation (TYO: 6758) has submitted a non-binding proposal to acquire camera lens manufacturer Tamron Co., Ltd. (TYO: 7740) and make it a wholly owned subsidiary. The reported transaction would value the remaining 84.47% stake in Tamron at approximately ¥200 billion ($1.3 billion). It is one of the largest recent deals undertaken by Sony’s…
Former DJ Daniel Ong Closes Dan’s Steaks After 6 Years, Cites Rising Costs
Former radio DJ Daniel Ong to shut Dan’s Steaks’ final outlet at Serangoon Gardens within months, citing rising operating costs and six-figure debt accumulated from earlier closures.
Costco Agrees to $14M Settlement Over Misleading Email Promotions
Costco settles $14M class action lawsuit over misleading promotional emails sent to Washington residents. Eligible customers can claim a share by August 24, 2026.
Intact Financial Corp. Reports Lower Q2 Profit as Insurance Revenue Increases
On July 28, 2026, Intact Financial Corp. reported lower second-quarter profit even though insurance revenue continued to rise. Higher premium income was not enough to offset increased catastrophe losses and rising claims costs. Investors are paying closer attention to profitability rather than revenue growth alone as the insurer deals with a more challenging claims environment. …
Trump’s Approval Hits Record Low as 78% Say He’s Neglecting Inflation
Trump’s approval rating falls to record low of 34-35% with 78% of Americans saying his administration neglects inflation. Republicans face midterm headwinds over economy and Iran war.
Infosys, TCS, Coforge Lead NIFTY IT 4% Higher as Investors Return to Beaten-Down Tech Stocks
The NIFTY IT index surged as much as 3.85% on Tuesday, July 28, 2026, with all 10 constituent stocks trading higher. Coforge led the rally, jumping 9.26% to ₹1,670.00 after reporting stronger-than-expected quarterly results. Infosys gained 3.28% to ₹1,114.60, while TCS, Tech Mahindra, and HCLTech also posted solid gains. The index has now rallied 13%…
Vanguard Quietly Builds Nearly $1 Billion Strategy Stake Despite Bitcoin ETF Stance
Vanguard has increased its stake in Strategy Inc by $50 million, pushing its holding close to $1 billion. The asset manager now holds roughly 10.5 million shares of the Bitcoin treasury company. This comes despite Vanguard’s long-standing refusal to offer spot Bitcoin ETFs on its brokerage platform. The firm’s exposure stems from passive index tracking,…