About the outlook, the company said: “we expect full-year Group rental revenue to be down mid to high single digits when compared with last year on a constant currency basis".
From a technical perspective, the stock price is posting a short term consolidation move within a downward-sloping channel. Prices need to stand above the key support at 2435p (gap) to maintain the bullish bias. The upward breakout of the channel upper boundary would call for a new up leg towards 2880p and 3130p. Alternatively, a push below 2435p would open a path to see 2032p.
Source: GAIN Capital, TradingView