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

P&G has developed Tide detergent squares that eliminate water and plastic bottles after 10 years in the making.

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%.

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

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.

Shares rebound after the retailer says it is working to boost shopper traffic and profit in 2024.