Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Business & education services

Can Rentokil offer any reassurance on trading since profit warning?

Rentokil Initial PLC (LSE:RTO) is scheduled to report third-quarter results on Thursday, just over a month after its third profit warning in a year, which led to the shares sinking to a five-year low.

Following the September warning that sales in North America had been lower than expected in the previous two months, the board bowed to investor pressure and added a representative from activist investor Nelson Peltz's Trian Fund Management to their ranks.

Peltz's firm took a stake in the Anglo-US pest control group earlier this summer.

This coming trading update should see organic revenue growth from the US and Canadian operations slow to around 1% from around 2.8% in the first half of the year, which was part of the basis of the latest profit warning.

There is also a "possibility of further integration disruption", analysts at Deutsche Bank have suggested, as synergies from its Terminix acquisition from 2022 were taking longer than expected to emerge.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK