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Rentokil Initial Plc, a pest-control company, experienced a significant drop in its shares in London, resulting in a loss of over $2.6 billion in market value. The company revised its growth expectations for its North American business, with organic revenue growth expected to slow to around 1% in the second half of the year. This weaker performance has led analysts to suggest that adjusted pretax profit estimates will need to be reduced by 10%. The drop in Rentokil shares is the largest since the 2008 financial crisis and is seen as a setback for activist investor Nelson Peltz. [Extracted from the article]

Rentokil Initial Plc, a pest-control company, experienced a significant drop in its shares in London, resulting in a loss of over $2.6 billion in market value. The company revised its growth expectations for its North American business, with organic revenue growth expected to slow to around 1% in the second half of the year. This update suggests that adjusted pretax profit estimates will need to be reduced by 10%. Rentokil's shares experienced their largest decline since the 2008 financial crisis, and this setback is disappointing for activist investor Nelson Peltz, who holds a significant stake in the company. [Extracted from the article]

Rentokil Initial Plc, a pest-control company, experienced a significant drop in its shares in London, resulting in a loss of over $2.6 billion in market value. The company revised its growth expectations for its North American business, with organic revenue growth expected to slow to around 1% in the second half of the year. This update suggests that consensus estimates for adjusted pretax profit will need to be reduced by 10%. Rentokil's shares experienced their largest decline since the 2008 financial crisis, and this decline also affected rival company Rollins Inc. The drop in shares is a setback for activist investor Nelson Peltz, who had acquired a significant stake in the company. The lack of growth recovery despite additional investment is seen as a concern by analysts. [Extracted from the article]

Rentokil Initial Plc, a pest-control company, experienced a significant drop in its stock value after lowering growth expectations for its North American business. The company stated that organic revenue growth in the region would slow to around 1% in the second half of the year due to weaker-than-expected trading performance in July and August. This decline in stock value is a setback for activist investor Nelson Peltz, who had acquired a significant stake in the company. Analysts have expressed concerns about the lack of growth recovery despite additional investment. [Extracted from the article]

LondonMetric Property Plc will be included in the FTSE 100 Index, replacing Ocado Group Plc, which will be moved to the FTSE 250 Index. This reshuffle is based on the market capitalizations of the companies and will take effect on June 24. Other companies being promoted to the FTSE 100 include Darktrace Plc and Vistry Group Plc. Inclusion in the FTSE 100 may lead to increased interest from tracker funds. [Extracted from the article]

LondonMetric Property Plc is expected to join the FTSE 100 Index, while Ocado Group Plc is set to drop out for the first time in six years. LondonMetric's market capitalization has surpassed that of Darktrace Plc, making it eligible for promotion. Ocado, on the other hand, is likely to be moved to the FTSE 250 Index due to a lack of new contract wins for its automated warehouse business. The reshuffle will be announced after European markets close on Wednesday. [Extracted from the article]

LondonMetric Property Plc is expected to join the FTSE 100 Index, while Ocado Group Plc is likely to drop out for the first time in six years. LondonMetric's market capitalization has surpassed that of Darktrace Plc, making it eligible for promotion. Ocado is expected to move to the FTSE 250 Index along with St. James's Place Plc. The reshuffle will be announced after European markets close on Wednesday. LondonMetric's shares have risen this year, driven by a recent takeover and increased profit. Vistry Group Plc is also set to join the FTSE 100 due to a rise in its shares. Ocado's drop from the index is attributed to a lack of new contract wins for its automated warehouse business. Both Ocado and St. James's Place have fallen below the required position in the UK stock rankings. Inclusion in the FTSE 100 may lead to tracker funds adjusting their holdings. [Extracted from the article]

Teleperformance SE, a call-center firm, saw a significant drop in its shares after Klarna, a Swedish fintech company, claimed that its AI assistant, powered by OpenAI, is performing the work of 700 full-time agents and has had 2.3 million conversations within its first month of deployment. Klarna stated that the AI tool resolved tasks faster and achieved similar levels of customer satisfaction as human agents. Teleperformance already uses AI for simple processes, but the news has raised concerns about the impact of AI on the company's business. Analysts have noted that AI may lead to slower revenue growth and weaker profitability for Teleperformance. However, some experts argue that AI should be seen as a tool to enhance customer experience rather than replace humans entirely. [Extracted from the article]

Teleperformance SE, a call-center firm, saw a significant drop in its shares after Klarna, a buy-now-pay-later company, stated that its AI assistant, powered by OpenAI, is performing the work of 700 full-time agents and has had 2.3 million conversations in its first month of deployment. Klarna claims that the AI tool resolves tasks faster and achieves the same level of customer satisfaction as human agents. Teleperformance had previously warned that up to 30% of its call volumes could be automated in the next three years. While some analysts believe that AI will lead to slower revenue growth and weaker profitability for Teleperformance, others argue that AI tools can enhance the customer experience without completely replacing humans. [Extracted from the article]

Teleperformance SE, a French call-center business, saw a significant drop in its shares after Klarna, a company using artificial intelligence (AI), announced that its AI assistant, powered by OpenAI, was able to handle the workload of 700 full-time agents and had conducted 2.3 million conversations in just one month. This news has raised concerns about the impact of AI on Teleperformance's business. Teleperformance had previously warned that 20% to 30% of its call volumes could be automated in the next three years. Analysts at Deutsche Bank AG have also predicted that AI will lead to slower revenue growth and weaker profitability for Teleperformance. [Extracted from the article]

CBRE Group Inc.'s strong fourth-quarter earnings report initially boosted the commercial real estate sector, but the positive outlook was short-lived. The STOXX Europe 600 Real Estate index quickly turned negative after rising more than 2% on Thursday. CBRE expressed cautious optimism that the worst is over for office leasing, particularly for Class-A properties. However, concerns about inflation and interest rates continue to weigh on the industry. While some experts believe inflation and rates will trend lower, there is a risk of default rates on property-backed debt if they do not. [Extracted from the article]

(Bloomberg) -- By any standards, it's been a choppy earnings day for electronic-components maker RS Group Plc. FTSE 100 Stock Loses, Then Regains £600 Million on Wild Day The FTSE 100 member lost, and then regained, more than £600 million ($737 million) of market value in Tuesday trading, as initial dismay over its results was replaced by optimism over cost savings. [Extracted from the article]

RS Group Shares Recoup Plunge on Wild Earnings Day: Street Wrap According to Morgan Stanley analyst Annelies Vermeulen, the cost program was one area of focus on the post-results conference call. RS Group Loses and Then Regains £600 Million on Wild Results Day (Bloomberg) -- By any standards, it's been a choppy earnings day for electronic-components maker RS Group Plc. [Extracted from the article]

He identified sports wear makers Adidas AG and Puma AG as potential beneficiaries, along with apparel retailers Inditex SA, Hennes & Mauritz A/S and the Primark chain owned by Associated British Foods Plc. (Bloomberg) -- The boom in weight-loss drugs is set to provide a boost to sportswear brands and clothing retailers, according to Deutsche Bank AG analysts. [Extracted from the article]

Read more: Beyoncé Job Joins Taylor Swift Role to Cover $5.4 Billion Boom The Eras Tour concert film will start playing in most of the confirmed 8,500 theaters across 100 countries on Oct. 13. (Bloomberg) -- The seemingly boundless popularity of Taylor Swift is boosting stock prices on both sides of the Atlantic. [Extracted from the article]

(Bloomberg) -- The seemingly boundless popularity of Taylor Swift is boosting stock prices on both sides of the Atlantic. Read more: Beyoncé Job Joins Taylor Swift Role to Cover $5.4 Billion Boom The Eras Tour concert film will start playing in most of the confirmed 8,500 theaters across 100 countries on Oct. 13. [Extracted from the article]

Conference-call references by Adyen management to increased price competition in the US online market and the fact they didn't point to a second-half recovery "was an additional negative", Bonacina said. (Bloomberg) -- Almost no-one saw Adyen NV's €18 billion ($20 billion) share plunge coming. [Extracted from the article]

(Bloomberg) -- Almost no-one saw Adyen NV's €18 billion ($20 billion) share plunge coming. Conference-call references by Adyen management to increased price competition in the US online market and the fact they didn't point to a second-half recovery "was an additional negative", Bonacina said. [Extracted from the article]

(Bloomberg) -- Another batch of names has been added to the meme-stock frenzy as retail traders latched on to their latest favorites Wednesday. "The meme stock craze is a liquidity phenomenon", said Matt Maley, chief market strategist for Miller Tabak + Co. "This is far from just something that the Reddit traders are playing in. [Extracted from the article]

(Bloomberg) -- Another batch of names has been added to the meme-stock frenzy as retail traders latched on to their latest favorites Wednesday. "The meme stock craze is a liquidity phenomenon", said Matt Maley, chief market strategist for Miller Tabak + Co. "This is far from just something that the Reddit traders are playing in. [Extracted from the article]

Clover Health, a health insurer backed by venture capitalist Chamath Palihapitiya, is in demand after retail traders realized that short sellers had been swelling their bets against the stock. (Bloomberg) -- The newest additions to the meme-stock frenzy surged in premarket trading as retail traders latched on to their latest favorites. [Extracted from the article]

(Bloomberg) -- The newest additions to the meme-stock frenzy surged on Wednesday as retail traders latched on to their latest favorites. Clover Health, a health insurer backed by venture capitalist Chamath Palihapitiya, is in demand after retail traders realized that short sellers had been swelling their bets against the stock. [Extracted from the article]

Clover Health, a health insurer backed by venture capitalist Chamath Palihapitiya, is in demand after retail traders realized that short sellers had been swelling their bets against the stock. (Bloomberg) -- The newest additions to the meme-stock frenzy surged in premarket trading as retail traders latched on to their latest favorites. [Extracted from the article]

(Bloomberg) -- The newest additions to the meme-stock frenzy surged in premarket trading as retail traders latched on to their latest favorites. There's no sign of the meme-stock craze slowing as members of Reddit's WallStreetBets forum egg on retail traders to take on professional short sellers. [Extracted from the article]

(Bloomberg) -- The newest additions to the meme-stock frenzy surged in premarket trading as retail traders latched on to their latest favorites. Clover, a health insurer backed by venture capitalist Chamath Palihapitiya, is in demand after retail traders realized that short sellers had been swelling their bets against the stock. [Extracted from the article]

Its shares more than doubled on the first two days of a holiday-shortened last week, but gave back some of those gains after insiders cashed in with a flurry of share sales. (Bloomberg) -- AMC Entertainment Holdings Inc. rose for the first day in three amid a broader advance in meme stocks and as regulators warned they are monitoring the frenzied trading in the group of shares for any signs of market manipulation. [Extracted from the article]

(Bloomberg) -- AMC Entertainment Holdings Inc. rose for the first day in three amid a broader advance in meme stocks and as regulators warned they are monitoring the frenzied trading in the group of shares for any signs of market manipulation. Shares more than doubled on the first two days of a holiday-shortened last week, but gave back some of those gains after insiders cashed in with a flurry of share sales. [Extracted from the article]

(Bloomberg) -- MC Entertainment Holdings Inc. resumed gains on Monday, halting two straight days of declines for the money-losing movie theater chain that's become the new favorite of meme-stock investors. Read more: SEC Says It's Scrutinizing Market Swings as Meme Stocks Surge On the brink of bankruptcy only a few months ago, AMC is now the darling of retail traders, with this year's more than 2,200% gain ranking as the most of any stock in the Russell 3000 Index. [Extracted from the article]

(Bloomberg) -- AMC Entertainment Holdings Inc. resumed its upward trajectory Monday, halting two straight days of declines for the money-losing movie theater chain that's become the new favorite of meme-stock investors. Their enlarged market caps of $24.6 billion and $18.4 billion on Friday, respectively, put them in line for a move from the Russell 2000 small-cap stock index to the Russell 1000 index of the biggest American companies. [Extracted from the article]

(Bloomberg) -- AMC Entertainment Holdings Inc. resumed its upward trajectory in premarket trading Monday, halting two days of declines for the money-losing movie theater chain that's become the new favorite of meme-stock investors. A forthcoming reshuffle of the Russell Indexes could pose a problem for the likes of AMC and GameStop Corp., which started the meme stock craze back in January. [Extracted from the article]

(Bloomberg) -- AMC Entertainment Holdings Inc. resumed its upward trajectory in premarket trading, halting two days of declines for the money-losing movie theater chain that's become the new favorite of meme-stock investors. Their enlarged market caps of $24.6 billion and $18.4 billion, respectively, put them in line for a move from the Russell 2000 small-cap stock index to the Russell 1000 index of the biggest American companies. [Extracted from the article]

Read more: AMC Looks to Issue 25 Million More Shares After 2,300% Rally The frenzied rally has pushed AMC shares to improbable levels. I don't know", said Eric Handler, entertainment analyst at MKM Partners, who has a $1 target for AMC shares and sees no link between the current price and what's actually going on at the company. [Extracted from the article]

I don't know", said Eric Handler, entertainment analyst at MKM Partners, who has a $1 target for AMC shares and sees no link between the current price and what's actually going on at the company. Read more: AMC Looks to Issue 25 Million More Shares After 2,300% Rally The frenzied rally has pushed AMC shares to improbable levels. [Extracted from the article]

Read more: AMC Looks to Issue 25 Million More Shares After 2,300% Rally The frenzied rally has pushed AMC shares to improbable levels. Read more: AMC, Express Mark Golden Age for Retail-Focused Stock Sales On Thursday, AMC tumbled 18% after disclosing plans to sell more stock. [Extracted from the article]

"Meme stock investors need the share price to be volatile and the stock to make headlines because if the attention disappears, so does their investment." Read more: AMC Looks to Issue 25 Million More Shares After 2,300% Rally The frenzied rally has pushed AMC shares to improbable levels. [Extracted from the article]

Read more: AMC Looks to Issue 25 Million More Shares After 2,300% Rally The frenzied rally has pushed AMC shares to improbable levels. "Meme stock investors need the share price to be volatile and the stock to make headlines because if the attention disappears, so does their investment.". [Extracted from the article]

"Meme stock investors need the share price to be volatile and the stock to make headlines because if the attention disappears, so does their investment." Read more: AMC Looks to Issue 25 Million More Shares After 2,300% Rally The frenzied rally has pushed AMC shares to improbable levels. [Extracted from the article]

Read more: AMC Looks to Issue 25 Million More Shares After 2,300% Rally The frenzied rally has pushed AMC shares to improbable levels. "Meme stock investors need the share price to be volatile and the stock to make headlines because if the attention disappears, so does their investment.". [Extracted from the article]

Read more: AMC, Express Mark Golden Age for Retail-Focused Stock Sales On Thursday, AMC tumbled 18% after announcing plans to sell more stock. "Meme stock investors need the share price to be volatile and the stock to make headlines because if the attention disappears, so does their investment", Joachim Klement, a strategist at Liberum, said by email. [Extracted from the article]

(Bloomberg) -- AMC Entertainment Holdings Inc.'s wild ride shows no sign of stopping in a week that has seen the stock double and the company take advantage by selling shares to cut its huge debts. "Meme stock investors need the share price to be volatile and the stock to make headlines because if the attention disappears, so does their investment", Joachim Klement, a strategist at Liberum, said by email. [Extracted from the article]

(Bloomberg) -- "AMC to the Moon" posters are popping up at street corners and pool parties in the U.S. in yet another sign of the retail frenzy over meme stocks. "AMC and meme stocks are somewhat the modern and accelerated version of tulip bulbs frenzy in the 17th century", said Sylvain Goyon, a Paris-based strategist at Oddo BHF. [Extracted from the article]

As of Wednesday's close, AMC stock had risen almost 30-fold since the start of this year, far exceeding GameStop's 15-fold increase. (Bloomberg) -- AMC Entertainment Holdings Inc. extended Wednesday's surge in premarket trading as the Reddit retail-trading army continued to gorge on the stock, sending it to heights that has left Wall Street pros perplexed. [Extracted from the article]

While Coinbase is more than 30% above the reference price of $250, it's a far cry from the $429.54 peak hit in the first few minutes of trading mid-week. Coinbase Global Inc. ended its first trading week on a high note despite being unable to draw the level of investor enthusiasm seen after its direct listing on Wednesday. [Extracted from the article]

Coinbase Global Inc. is on pace to end its first trading week on a high note despite being unable to draw the level of investor enthusiasm seen after its direct listing on Wednesday. Hill is the fifth analyst to rate the shares at a buy; however, his $394 12-month price target is the lowest on Wall Street. [Extracted from the article]

Hill is the fifth analyst to rate the shares at a buy, however, his $394 12-month price target is the lowest on Wall Street. DA Davidson analyst Gil Luria raised the firm's price target to a Street-high of $650 and touted the company's "regulatory-friendly" approach to the nascent market. [Extracted from the article]

Coinbase Global Inc. fluctuated for a third day, with its shares failing to draw the level of investor enthusiasm seen after Wednesday's direct listing, The stock erased initial declines to rise as much as 2.6% and trade at $331 as of 8:18 a.m. in New York. DA Davidson analyst Gil Luria raised the firm's price target to a Street-high of $650 and touted the company's "regulatory-friendly" approach to the nascent market. [Extracted from the article]

DA Davidson analyst Gil Luria raised the firm's price target to a Street-high of $650 and touted the company's "regulatory-friendly" approach to the nascent market. Coinbase Global Inc. eased in premarket trading as the stock seeks to establish a level after the volatility that followed Wednesday's direct listing. [Extracted from the article]