Company
Rentokil Initial PLC
LON:RTO
Rentokil Initial plc is a holding company that, through its subsidiaries, provides a range of business to business support services in five business segments: Textiles and Washroom Services, Pest Control, Facilities Services, Ambius and City Link.
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FTSE 100 Live: Housebuilders weigh, but blue chips end week in green
London's blue chips fell into the red on Friday
FTSE 100: London stocks charge higher, ECB cuts rates, US tech jumps
London's blue-chip index was held back by miners earlier, but banking gains helped it break higher
Rentokil reports continued momentum as revenues rise 11.7% in third quarter
Updating investors on third-quarter trading, the company said ongoing revenues, excluding disinfection services, totalled £897mln
Rentokil upgraded as opportunity knocks
The pest control industry should put in a resilient performance in the event of a weakening economy.
Rentokil profits jump as pest control demand recovers to offset hygiene decrease
Rentokil Initial PLC said its annual profit rose thanks to strong pest control demand from businesses in North America after COVID restrictions were loosened. The company increased its dividend payout to 6.39p, an 18.1% increase.
Rentokil shares undervalued in midst of proposed takeover - broker
Jefferiess upgrades Rentokil price target to 675p, representing 39% upside as broker says quality of deal appreciated
Rentokil Initial in demand as Citi upgrades 'to buy' on Terminix deal
Pest control group can double expected savings from the deal says US bank
Rentokil snaps up US pest control peer Terminix for US$6.7bn in 'win-win-win' deal
Terminix shareholders will end up owning approximately 26% of the combined group
Rentokil Initial sees Pest Control return to organic growth as it prepares for disinfection activities to taper off
Recovery in its core businesses, particularly Pest Control, has demonstrated growing momentum over the first quarter
Rentokil Initial cleans up with its disinfection services
The pest control and laundry services giant expects volumes and prices to significantly unwind as the year progresses
Rentokil Initial to top profit forecasts as one-off disinfection services are in demand
However, the new year comes with financial uncertainty as this kind of service may not be as popular once the coronavirus pandemic ends
Rentokil Initial plans intense acquisition activity in months ahead
The FTSE 100 group is planning to spend at least £100mln in the second half to expand its portfolio
Rentokil Initial shares are anticipating too much growth and UBS says 'sell'
The analysts expect organic growth of the Pest business to slow in the key commercial segment, are sceptical of targeted North America profits margin, and see "limited" mid-term hygiene expansion
Rentokil Initial skips interim dividend but eyes final distribution if trading continues to recover
Revenues are expected to improve although a second wave of coronavirus infections could hinder progress
Rentokil Initial promotes North America chief financial officer to group bean counter
Stuart Ingall-Tombs is replacing Jeremy Townsend, who is leaving on August 14 after ten years in the role
Rentokil Initial trains 7,000 staff for deep clean services amid pandemic
The hygiene specialist still reported reduced activity due to customers being temporarily shuttered
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FTSE 100 regains ground at the close
The FTSE 100 index closed at 5,628 points on Thursday, up nearly 31 points for a gain of 0.6% on the day
Rentokil Initial expects higher demand for disinfection services over pandemic
The pest control firm also suspended dividend payments, among other measures, to save cash
Rentokil Initial acquires Florida Pest Control
The FTSE 100-listed business services group said it expects to complete the deal late Friday or “shortly thereafter”
Investments and investor services
FTSE 100 closes in the red as traders await first US rate cut since recession
Investors are expecting a cut of 0.25% in the benchmark short-term rate
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Lloyds to post weaker profits as PPI claims deadline looms
The day ahead includes interims from Lloyds and Taylor Wimpey along with the Federal Reserve's latest policy decision
Rentokil and Mitie kept waiting over pest control deal
Competition and Markets Authority wants another two months to sniff over the deal
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Proactive news snapshot: Union Jack Oil, Ethernity Networks, hVIVO, Intosol Holdings …
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
Amigo friendless after broker downgrade
A look at the day's major movers, including Primorus, Staffline, Dukemount, Premier Technical Services, Babcock, Hummingbird and Serabi Gold
Hardware & electrical equipment
Keywords snags new finance boss from FTSE 100 rat catcher Rentokil Initial
Jon Hauck will join Keywords in November, when he will take over the reins from the outgoing David Broderick
Investments and investor services
FTSE 100 closes higher Monday, just, as traders sit on hands
Footsie closed around 11 points higher at 7,357 at the start of the week, while mid-cap cousin FTSE 250 gained over 39 points
Watchdog says it may allow Rentokil to snap up Mitie Pest Control
CMA had previously smelt a rat as it felt the merger could result in a “substantial lessening of competition”
Rentokil Initial says trading started well across its businesses in the first quarter of 2019
In a trading update, the FTSE 100-listed firm reported an 8.9% increase in ongoing revenue at actual exchange rates to £603.6mln for the first quarter
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FTSE 100 closes lower ahead of the Easter weekend
The UK's premier stock index finished down around 11 points at 7,459
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Unilever and retail sales in focus ahead of the Easter weekend
Its an early finish for the market this week, but, there's a little bit more news to come.
Investments and investor services
FTSE 100 closes flat as traders don't know which way to turn
Footsie closed down around 0.19 at 7,436, while mid-cap FTSE 250 was up around 95 points at 19,807
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Hot cross buns will be wanted but there is still plenty to digest in the week before Easter
There will be plethora of UK data - jobs, inflation, and retail sales - plus corporate updates from the likes of Unilever, BHP Rio Tinto, Bunzl and Rentokil Initial
Rentokil Initial must offer proposals to address CMA concerns regarding takeover of MITIE's pest control unit
The CMA said: "Having considered a wide range of evidence, it (CMA) has found there could be a substantial reduction in competition, which may lead to higher prices or reduced quality for customers”
FTSE 100 closes marginally down after treading water through the day as Parliament breaks for Easter after Brexit extension
Holiday cheer as airline stocks gain on hopes holidaymakers will put Brexit concerns aside for summer
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WH Smith investors are hoping for dividend boost
Less of a newsagent nowadays but could WH Smith be set to increase payouts to shareholders.
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Retailers Tesco and ASOS to provide the main corporate excitement in coming week
Also on the retail front, WH Smith and Dunelm will issue updates as well in the Week Ahead, while on the macro front an ECB rate decision and US FOMC meeting minutes are also due
Market buys into pest control splurge by Rentokil Initial
The group acquired 47 businesses in 2018, 42 in pest control and 4 in hygiene
FTSE 100 closes lower as Chinese data dents sentiment
The UK's premier share index closed down around 32 points at 7,074
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IAG, Rolls Royce and British American Tobacco on the agenda for busy blue chip Thursday
Its set to be a busy day for blue-chip news in London on Thursday.
Rentokil ordered to sell supply contracts by UK regulator as part of Cannon merger
The decision by the regulator follows a investigation into the deal after the CMA raised concerns that Rentokil’s merger with Cannon could lead to higher prices or lower quality
Investments and investor services
FTSE 100 nudges lower at close as China growth worries hit stocks
The UK's blue-chip index finished down nearly seven points at 6,96, while FTSE 250 was also lower
FTSE 100 closes in red as Wall Street shares lag; Brexit exhaustion
The UK blue-chip benchmark finished down over 27 points at 7,026, while the FTSE 250 closed down over 52 points at 18,961.
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Sales acceleration expected from Unilever after Marmite maker's Dutch move stymied
Aside from the latest trading news from Unilever, the Day Ahead includes updates from blue-chip peer Rentokil Initial and FTSE 250-listed Domino's Pizza
Housebuilders in focus as Barratt Developments and Bellway update on trading
The week ahead includes full year results from Bellway and ASOS, interims from Gear4Music and trading updates from Barratt Developments, Segro, Unilever, Domino's Pizza and Rentokil
Rentokil Initial weak as first-half profit and revenue miss forecasts, full-year guidance left unchanged
On a statutory basis, the FTSE 100-listed firm’s first-half revenue was down 1.8% to £1.17bn, and pre-tax profit dropped 81.3% to £109.5mln
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FTSE 100 finishes higher as investors come back to risk; big miners gain
The Footsie finished up almost 48 points at 7,748, but FTSE 250 fell
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BP may have already given a results spoiler, but there will be plenty else to digest on Tuesday
Aside from the oil giant's second-quarter numbers, results are also due from the likes of Centrica, Standard Chartered, Taylor Wimpey, Just Eat, and Greggs
Rentokil downgraded to 'hold' after its recent rally
Jefferies has increased its 2018-2020 estimates by 2-3%. It is in line with consensus forecasts for 2018 but is 3% above consensus in 2019, and 7% above in 2020