UK stocks remained stable on Wednesday ahead of the European Central Bank’s (ECB) rate decision. Rentokil also helped to support the market by capping ex-dividend pressure.
Investors were cautious as they awaited the ECB’s announcement on its interest rates. The decision by Rentokil to go ex-dividend provided some relief to the market, helping to balance out any potential negative impact on stock prices.
Overall, the UK stock market held steady as investors braced themselves for the upcoming ECB rate decision. Rentokil’s move to cap ex-dividend pressure added some stability to the market, providing a buffer against any potential fluctuations.