The St. Paul, Minn.-based company said that the spinoff of the unit, which will be called Solventum Corp., would occur on April 1.

Investment giant had hired aggressively in recent years during the market rally

Rentokil raised its synergies expectations from the Terminix acquisition and laid out new plans for North America, aiming to achieve full-year revenue growth there of 2%-4%.

Continental posted full-year profits below consensus and warned that wage costs would rise to around €500 million in 2024 and weigh heavily on earnings.

Aviva lifted its operating profit target to around £2 billion by 2026 as it reported better-than-expected full-year results.

Apple’s smartphone sales in China fell, hurt by strong competition and pricing pressures, new data showed.