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
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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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