Halma plc Shares Slip Ahead of March Update as Data-Centre Demand Faces New Test
Halma plc slipped 1.6% to close at 3,800 pence on Monday. Attention is turning to Thursday’s trading statement, where investors hope to see whether the British technology group can sustain its growth, a trend helped by data-centre investment. Halma’s valuation looks steep by UK standards right now. Shares have jumped roughly 42% in the past year, and they’re trading at about 41 times earnings. That’s despite the FTSE 100 slipping to a five-week low on Monday, pressured by rising oil prices and inflation concerns.