Proactiveinvestors United Kingdom Rentokil Initial https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Rentokil Initial RSS feed en Thu, 23 Jan 2020 09:17:51 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) Rentokil Initial acquires Florida Pest Control https://www.proactiveinvestors.co.uk/companies/news/906105/rentokil-initial-acquires-florida-pest-control-906105.html Fri, 01 Nov 2019 08:20:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/906105/rentokil-initial-acquires-florida-pest-control-906105.html Rentokil and Mitie kept waiting over pest control deal https://www.proactiveinvestors.co.uk/companies/news/222874/rentokil-and-mitie-kept-waiting-over-pest-control-deal-222874.html Wed, 26 Jun 2019 13:57:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/222874/rentokil-and-mitie-kept-waiting-over-pest-control-deal-222874.html Watchdog says it may allow Rentokil to snap up Mitie Pest Control https://www.proactiveinvestors.co.uk/companies/news/219393/watchdog-says-it-may-allow-rentokil-to-snap-up-mitie-pest-control-219393.html Tue, 30 Apr 2019 14:33:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/219393/watchdog-says-it-may-allow-rentokil-to-snap-up-mitie-pest-control-219393.html Rentokil Initial says trading started well across its businesses in the first quarter of 2019 https://www.proactiveinvestors.co.uk/companies/news/218825/rentokil-initial-says-trading-started-well-across-its-businesses-in-the-first-quarter-of-2019-218825.html Thu, 18 Apr 2019 07:02:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/218825/rentokil-initial-says-trading-started-well-across-its-businesses-in-the-first-quarter-of-2019-218825.html Rentokil Initial must offer proposals to address CMA concerns regarding takeover of MITIE's pest control unit https://www.proactiveinvestors.co.uk/companies/news/218483/rentokil-initial-must-offer-proposals-to-address-cma-concerns-regarding-takeover-of-mitie-s-pest-control-unit-218483.html Fri, 12 Apr 2019 14:20:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/218483/rentokil-initial-must-offer-proposals-to-address-cma-concerns-regarding-takeover-of-mitie-s-pest-control-unit-218483.html Market buys into pest control splurge by Rentokil Initial https://www.proactiveinvestors.co.uk/companies/news/215513/market-buys-into-pest-control-splurge-by-rentokil-initial-215513.html Thu, 28 Feb 2019 09:49:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/215513/market-buys-into-pest-control-splurge-by-rentokil-initial-215513.html Rentokil ordered to sell supply contracts by UK regulator as part of Cannon merger https://www.proactiveinvestors.co.uk/companies/news/213324/rentokil-ordered-to-sell-supply-contracts-by-uk-regulator-as-part-of-cannon-merger-213324.html Fri, 25 Jan 2019 11:26:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/213324/rentokil-ordered-to-sell-supply-contracts-by-uk-regulator-as-part-of-cannon-merger-213324.html Rentokil's third-quarter revenue rises; CMA flags concerns about Cannon Hygiene purchase https://www.proactiveinvestors.co.uk/companies/news/207347/rentokil-s-third-quarter-revenue-rises-cma-flags-concerns-about-cannon-hygiene-purchase-207347.html Thu, 18 Oct 2018 06:55:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/207347/rentokil-s-third-quarter-revenue-rises-cma-flags-concerns-about-cannon-hygiene-purchase-207347.html Rentokil Initial weak as first-half profit and revenue miss forecasts, full-year guidance left unchanged https://www.proactiveinvestors.co.uk/companies/news/201903/rentokil-initial-weak-as-first-half-profit-and-revenue-miss-forecasts-full-year-guidance-left-unchanged-201903.html Tue, 31 Jul 2018 07:52:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/201903/rentokil-initial-weak-as-first-half-profit-and-revenue-miss-forecasts-full-year-guidance-left-unchanged-201903.html Rentokil downgraded to 'hold' after its recent rally https://www.proactiveinvestors.co.uk/companies/news/200473/rentokil-downgraded-to-hold-after-its-recent-rally-200473.html Tue, 10 Jul 2018 10:07:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/200473/rentokil-downgraded-to-hold-after-its-recent-rally-200473.html Rentokil Initial weak as Competition and Markets Authority refers its acquisition of Cannon Hygiene for an in-depth investigation https://www.proactiveinvestors.co.uk/companies/news/199796/rentokil-initial-weak-as-competition-and-markets-authority-refers-its-acquisition-of-cannon-hygiene-for-an-in-depth-investigation-199796.html Thu, 28 Jun 2018 12:39:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/199796/rentokil-initial-weak-as-competition-and-markets-authority-refers-its-acquisition-of-cannon-hygiene-for-an-in-depth-investigation-199796.html Rentokil Initial's price target raised by Credit Suisse despite merger setback https://www.proactiveinvestors.co.uk/companies/news/199020/rentokil-initial-s-price-target-raised-by-credit-suisse-despite-merger-setback-199020.html Mon, 18 Jun 2018 10:52:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/199020/rentokil-initial-s-price-target-raised-by-credit-suisse-despite-merger-setback-199020.html Rentokil Initial upgraded to ‘Buy’ by HSBC as it continues shift toward pest control business https://www.proactiveinvestors.co.uk/companies/news/198600/rentokil-initial-upgraded-to-buy-by-hsbc-as-it-continues-shift-toward-pest-control-business-198600.html Mon, 11 Jun 2018 09:35:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/198600/rentokil-initial-upgraded-to-buy-by-hsbc-as-it-continues-shift-toward-pest-control-business-198600.html Numis thinks Rentokil Initial should “pause for breath” despite impressive pest control Capital Markets Day https://www.proactiveinvestors.co.uk/companies/news/197191/numis-thinks-rentokil-initial-should-pause-for-breath-despite-impressive-pest-control-capital-markets-day-197191.html Thu, 17 May 2018 10:53:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/197191/numis-thinks-rentokil-initial-should-pause-for-breath-despite-impressive-pest-control-capital-markets-day-197191.html Rentokil Initial trades well in first quarter despite delayed start to the spring pest season in the US https://www.proactiveinvestors.co.uk/companies/news/195349/rentokil-initial-trades-well-in-first-quarter-despite-delayed-start-to-the-spring-pest-season-in-the-us-195349.html Thu, 19 Apr 2018 08:11:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/195349/rentokil-initial-trades-well-in-first-quarter-despite-delayed-start-to-the-spring-pest-season-in-the-us-195349.html Deutsche Bank downgrades Rentokil Initial amid fear of overestimated profits https://www.proactiveinvestors.co.uk/companies/news/195035/deutsche-bank-downgrades-rentokil-initial-amid-fear-of-overestimated-profits-195035.html Mon, 16 Apr 2018 08:48:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/195035/deutsche-bank-downgrades-rentokil-initial-amid-fear-of-overestimated-profits-195035.html Jefferies upgrades Rentokil after share price fall https://www.proactiveinvestors.co.uk/companies/news/192518/jefferies-upgrades-rentokil-after-share-price-fall-192518.html Fri, 02 Mar 2018 11:54:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/192518/jefferies-upgrades-rentokil-after-share-price-fall-192518.html Rentokil Initial unsettled by currency concerns https://www.proactiveinvestors.co.uk/companies/news/192406/rentokil-initial-unsettled-by-currency-concerns-192406.html Thu, 01 Mar 2018 08:04:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/192406/rentokil-initial-unsettled-by-currency-concerns-192406.html Brokers start coverage with differing opinions on pest control to hygiene services firm Rentokil Initial https://www.proactiveinvestors.co.uk/companies/news/188188/brokers-start-coverage-with-differing-opinions-on-pest-control-to-hygiene-services-firm-rentokil-initial-188188.html Mon, 04 Dec 2017 11:06:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/188188/brokers-start-coverage-with-differing-opinions-on-pest-control-to-hygiene-services-firm-rentokil-initial-188188.html Rentokil Initial reports solid growth in third-quarter revenue boosted by its pest control unit https://www.proactiveinvestors.co.uk/companies/news/185857/rentokil-initial-reports-solid-growth-in-third-quarter-revenue-boosted-by-its-pest-control-unit-185857.html Thu, 19 Oct 2017 07:34:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/185857/rentokil-initial-reports-solid-growth-in-third-quarter-revenue-boosted-by-its-pest-control-unit-185857.html Rentokil shares jump after first half profits surge on disposals https://www.proactiveinvestors.co.uk/companies/news/181583/rentokil-shares-jump-after-first-half-profits-surge-on-disposals-181583.html Thu, 27 Jul 2017 12:46:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/181583/rentokil-shares-jump-after-first-half-profits-surge-on-disposals-181583.html Rentokil’s good news ‘already priced in’, says Zak Mir https://www.proactiveinvestors.co.uk/companies/news/307297/rentokils-good-news-already-priced-in-says-zak-mir-7297.html Wed, 19 Apr 2017 08:43:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/307297/rentokils-good-news-already-priced-in-says-zak-mir-7297.html Rentokil Initial expects its 2017 performance to be in line with expectations, as first-quarter revenues rise https://www.proactiveinvestors.co.uk/companies/news/176576/rentokil-initial-expects-its-2017-performance-to-be-in-line-with-expectations-as-first-quarter-revenues-rise-176576.html Wed, 19 Apr 2017 07:03:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/176576/rentokil-initial-expects-its-2017-performance-to-be-in-line-with-expectations-as-first-quarter-revenues-rise-176576.html Rentokil Initial growing faster than an infestation of wasps https://www.proactiveinvestors.co.uk/companies/news/173603/rentokil-initial-growing-faster-than-an-infestation-of-wasps-173603.html Thu, 23 Feb 2017 08:41:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/173603/rentokil-initial-growing-faster-than-an-infestation-of-wasps-173603.html No flies on Rentokil, shares up on positive Q3 https://www.proactiveinvestors.co.uk/companies/news/167627/no-flies-on-rentokil-shares-up-on-positive-q3-167627.html Wed, 19 Oct 2016 07:52:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/167627/no-flies-on-rentokil-shares-up-on-positive-q3-167627.html Rentokil Initial boosts sales but European trading stays tough https://www.proactiveinvestors.co.uk/companies/news/117108/rentokil-initial-boosts-sales-but-european-trading-stays-tough-117108.html Thu, 05 Nov 2015 08:15:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/117108/rentokil-initial-boosts-sales-but-european-trading-stays-tough-117108.html Rentokil profits in line with expectations https://www.proactiveinvestors.co.uk/companies/news/57904/rentokil-profits-in-line-with-expectations-68163.html Fri, 02 May 2014 07:49:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/57904/rentokil-profits-in-line-with-expectations-68163.html Rentokil boss to outline growth strategy https://www.proactiveinvestors.co.uk/companies/news/53089/rentokil-boss-to-outline-growth-strategy-63034.html Fri, 08 Nov 2013 07:58:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/53089/rentokil-boss-to-outline-growth-strategy-63034.html Rentokil: Poised for growth https://www.proactiveinvestors.co.uk/companies/news/262562/rentokil-poised-for-growth-14107.html Rentokil, like many shares,  suffered a minor crash in 2011 after fake recovery from the lows of 2009. But finally the price has commenced some true growth.

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Fri, 13 Sep 2013 17:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/262562/rentokil-poised-for-growth-14107.html
Rentokil Initial scrubs up well https://www.proactiveinvestors.co.uk/companies/news/50428/rentokil-initial-scrubs-up-well-60023.html Second quarter profits were well above market expectations at pest control and workwear firm Rentokil.

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Wed, 14 Aug 2013 07:24:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/50428/rentokil-initial-scrubs-up-well-60023.html
Rentokil to sell City Link for £1 https://www.proactiveinvestors.co.uk/companies/news/47228/rentokil-to-sell-city-link-for-1-56304.html Mon, 29 Apr 2013 07:48:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/47228/rentokil-to-sell-city-link-for-1-56304.html Rentokil Initial boosted by fourth quarter https://www.proactiveinvestors.co.uk/companies/news/45941/rentokil-initial-boosted-by-fourth-quarter--54820.html Fri, 15 Mar 2013 08:06:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/45941/rentokil-initial-boosted-by-fourth-quarter--54820.html A fashionable rat? Rentokil revealed https://www.proactiveinvestors.co.uk/companies/news/260387/a-fashionable-rat-rentokil-revealed-11891.html Rentokil (LON:RTO) has experienced an interesting ride over the last few years.  A client asked for a worst-case scenario back in 2011 and we hadn’t visited the chart since. Hopefully the bloke was impressed with our target of 58p, which it achieved by the end of that year.

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Fri, 25 Jan 2013 17:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/260387/a-fashionable-rat-rentokil-revealed-11891.html
Rentokil profits jump 75pct, City Link recovery on track https://www.proactiveinvestors.co.uk/companies/news/38830/rentokil-profits-jump-75pct-city-link-recovery-on-track-46399.html Fri, 03 Aug 2012 08:27:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/38830/rentokil-profits-jump-75pct-city-link-recovery-on-track-46399.html Rentokil Initial's operating profits fall as City Link posts bigger loss https://www.proactiveinvestors.co.uk/companies/news/35470/rentokil-initials-operating-profits-fall-as-city-link-posts-bigger-loss-42372.html Fri, 04 May 2012 08:52:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/35470/rentokil-initials-operating-profits-fall-as-city-link-posts-bigger-loss-42372.html Rentokil Initial shares hit by continuing City Link woes https://www.proactiveinvestors.co.uk/companies/news/33348/rentokil-initial-shares-hit-by-continuing-city-link-woes-39717.html Fri, 02 Mar 2012 10:04:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/33348/rentokil-initial-shares-hit-by-continuing-city-link-woes-39717.html Rentokil Initial expects “solid” fourth quarter after revenues increase during Q3 https://www.proactiveinvestors.co.uk/companies/news/29487/rentokil-initial-expects-solid-fourth-quarter-after-revenues-increase-during-q3-35258.html Mon, 07 Nov 2011 08:39:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/29487/rentokil-initial-expects-solid-fourth-quarter-after-revenues-increase-during-q3-35258.html Rentokil shares edge up as it reports 'good progress' in difficult environment https://www.proactiveinvestors.co.uk/companies/news/26220/rentokil-shares-edge-up-as-it-reports-good-progress-in-difficult-environment--31290.html Fri, 29 Jul 2011 08:01:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/26220/rentokil-shares-edge-up-as-it-reports-good-progress-in-difficult-environment--31290.html Rentokil Q1 profit down on continuing City Link woes https://www.proactiveinvestors.co.uk/companies/news/23409/rentokil-q1-profit-down-on-continuing-city-link-woes-27947.html Fri, 06 May 2011 09:41:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/23409/rentokil-q1-profit-down-on-continuing-city-link-woes-27947.html Rentokil Initial 2010 results miss expectations as City Link struggles https://www.proactiveinvestors.co.uk/companies/news/21523/rentokil-initial-2010-results-miss-expectations-as-city-link-struggles-25672.html Fri, 18 Feb 2011 08:59:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/21523/rentokil-initial-2010-results-miss-expectations-as-city-link-struggles-25672.html Merchant Securities starts coverage of Managed Support Services https://www.proactiveinvestors.co.uk/companies/news/16380/merchant-securities-starts-coverage-of-managed-support-services--19739.html Fri, 06 Aug 2010 08:13:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/16380/merchant-securities-starts-coverage-of-managed-support-services--19739.html Managed Support Services acquires Johnson Service Group subsidiary https://www.proactiveinvestors.co.uk/companies/news/9045/managed-support-services-acquires-johnson-service-group-subsidiary-11371.html Tue, 15 Dec 2009 10:47:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/9045/managed-support-services-acquires-johnson-service-group-subsidiary-11371.html Managed Support Services acquires Status Building Services for £3.7 million in cash https://www.proactiveinvestors.co.uk/companies/news/8578/managed-support-services-acquires-status-building-services-for-37-million-in-cash-10799.html Tue, 01 Dec 2009 08:21:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/8578/managed-support-services-acquires-status-building-services-for-37-million-in-cash-10799.html Rentokil Q3 profits double as revenues rises 3.6% on stronger euro https://www.proactiveinvestors.co.uk/companies/news/7799/rentokil-q3-profits-double-as-revenues-rises-36-on-stronger-euro-9920.html Fri, 06 Nov 2009 08:56:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/7799/rentokil-q3-profits-double-as-revenues-rises-36-on-stronger-euro-9920.html Shares in Managed Support Services jump on solid full year results https://www.proactiveinvestors.co.uk/companies/news/4499/shares-in-managed-support-services-jump-on-solid-full-year-results-6176.html Tue, 16 Jun 2009 12:29:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/4499/shares-in-managed-support-services-jump-on-solid-full-year-results-6176.html Managed Support Services – Turnaround Complete https://www.proactiveinvestors.co.uk/companies/news/2472/managed-support-services-turnaround-complete-3679.html Fri, 05 Dec 2008 09:54:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/2472/managed-support-services-turnaround-complete-3679.html Managed Support Services to exceed market forecasts https://www.proactiveinvestors.co.uk/companies/news/2206/managed-support-services-to-exceed-market-forecasts-3321.html Wed, 29 Oct 2008 09:46:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/2206/managed-support-services-to-exceed-market-forecasts-3321.html Boardroom shakeup lifts Rentokil Initial https://www.proactiveinvestors.co.uk/companies/news/1488/boardroom-shakeup-lifts-rentokil-initial-2217.html
Peter Long, Senior Independent Director of Rentokil said:

"John, Alan and Andy's track records speak for themselves. I am in no doubt that their proven skills, in particular the operational and strategic rigour which they applied so successfully to the remarkable turnaround at ICI will be brought to bear, alongside those of the existing Rentokil Initial team, on the many and complex issues facing the group."

The appointments cheered investors, who are keen to see Rentokil either put back on track or broken up to realise value.

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Thu, 20 Mar 2008 08:53:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/1488/boardroom-shakeup-lifts-rentokil-initial-2217.html
Citylink sinks Rentokill https://www.proactiveinvestors.co.uk/companies/news/1409/citylink-sinks-rentokill-2124.html
Financial highlights for the year to 31 December 2007 included revenues up 20.3% to £2.2 billion, but profits before tax fell £23.4 million to £142 million. Rentokill maintained its full year dividend at 7.38 pence per share.

Rentokill said that performance from its Textiles & Washroom, Pest Control, Asia Pacific, Facilities Services and Ambius divisions were in line with expectations, but the City Link division had held back the group with a poor performance in the final quarter of 2007.

Doug Flynn, CEO of Rentokil, said:

"Despite the progress delivered by most of the group, the performance from City Link was unacceptable. Actions are in hand to improve the situation but this is a trend business and improvements will take time to come through."

Rentokill added that it expected its 2008 adjusted pre-tax profit to be "significantly lower" than 2007, and will be "heavily dependent on the performance from City Link".

Calls from stakeholders to break up Rentokill to maximise value is a theme likely to return.
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Thu, 28 Feb 2008 08:13:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/1409/citylink-sinks-rentokill-2124.html
Rentokill plunges on parcel business woes https://www.proactiveinvestors.co.uk/companies/news/1157/rentokill-plunges-on-parcel-business-woes-1756.html
In the update, the support services group said that trading at its express parcels delivery business, City Link, had "softened" over the quarter, and would now deliver profits £10 million below management expectations.

Rentokill added that trading at all of its other division remained inline with expectations.

Shares in group fell 22% to 114p.



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Thu, 13 Dec 2007 10:02:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/1157/rentokill-plunges-on-parcel-business-woes-1756.html