Halma plc Shares Slip Ahead of March Update as Data-Centre Demand Faces New Test
Halma plc shares fell 1.6% to 3,800 pence Monday, ahead of a closely watched trading statement due Thursday. The stock is up 42% over the past year and trades at 41 times earnings, but is nearly 10% below its 52-week high. Investors are focused on data-centre demand and customer concentration, after a single cloud provider accounted for 19% of recent revenue.