Company
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.
135 stories · page 6 of 7
Credit Suisse was unperturbed by the CMA's pronouncement and increased its price target to reflect higher near-term EPS forecasts and the longer-term value creation resulting from higher sustainable mid-term margins
The bank commented: “Investors seem to be willing to pay a premium as the earnings shift more towards the high margin and less capital-intensive Pest control business"
The City broker has cut its rating for the FTSE 100-listed firm to ‘hold’ from ‘add’ with an unchanged target price of 315p
Arctic blasts have meant that pests have not been so prevalent in the first quarter as in other years but the pest control firm still managed to grow ongoing revenues by 10.8% year-on-year
Shire shares ended 5.89% up as the group received and rejected a takeover approach from Japan's Takeda Pharma
Investments and investor services
Thursday looks a pretty busy day for investors with a number of important updates due.
In a note to clients, analysts at the German bank said the FTSE 100 pest control company was a “great equity story, but not pricing in risk to consensus.”
Investments and investor services
The UK blue-chip benchmark closed 1.20 points, or 0.02% at 7,258..
Archive
It looks like it will be the same old story for WH Smith, with sales flying in travel but challenges remaining in its high street stores
Archive
The week ahead includes full-year results from Tesco and Saga, interims from ASOS, WH Smith and McCarthy & Stone, and trading updates from Robert Walters, Hays and PageGroup
Archive
FTSE 100 closed around 46 points higher at 7,115. Little brother FTSE 250 also gained ground - up over 180 points at 19,567.
The analysts said that company’s core pest control division remained solid and is the most important driver of the company
Asia was performing particularly well, increasing revenues by 37.3% and North America growing by 21.1%
Investments and investor services
Investors didn't want to venture into shares today, or outside much in the UK for that matter
Investments and investor services
Capita will be a focus on Thursday, others include Bovis House, Cobham, and National Express.
A look at some of the biggest risers and fallers in the London market on Wednesday
The UK blue chip index closed up 138 at 7,279 - above the day’s peak of 7,255.
Investments and investor services
The FTSE 100 closed around 15 points lower - at 7,715
The FTSE 100 gave up some of the gains made on its recent record-breaking run, with the pound's rise partially to blame
Analysts at Goldman Sachs have initiated coverage on Rentokil with a ‘buy’ rating and a 12 month price target of 400p
