FTSE 100’s record run ends as pharma stocks slide on new Trump appointment Markets The FTSE 100’s record run came to an end on Wednesday as pharma stocks slumped on the back of a controversial US regulatory appointment. The blue-chip index spent the entire session in the red and closed off 0.4 per cent. Drugmakers GSK and Astrazeneca were among the top fallers, at nearly five per cent and [...]
Rentokil: Slow US growth continues to hold pest control giant back Retail Pest control giant Rentokil has reported an uptick in revenue despite continued slow growth in North America. Organic revenue grew 3.3 per cent to $1.63bn (£1.23bn) in the three months to March 31, driven by growth in Europe and Asia. The Crawley-based company, which is listed in London and operates across 80 different countries, said revenue growth [...]
US business still a pest for Rentokil Business Pest control firm Rentokil Initial has reported lower profits after a “challenging year”, following a squeeze on its North American business lines. Revenue climbed marginally to £5.43 bn, up 1.1 per cent from 2023. Operating profit dipped 7 per cent to £834m in 2024, while adjusted earnings before interest, taxes and amortisation (EBITA) rose by [...]
Rentokil returns to growth after activist investor scuffle October 17, 2024 Pest-control company Rentokil has reported an uptick in revenue as it grapples with the after-effects of a profit warning and activist investor backlash. The firm told markets this morning that revenue grew by 3.6 per cent year on year in the three months to 30 September, from £1.39bn to £1.44bn. Shares in the company rose [...]
Activist investors call for shake-up at Rentokil after share price tumble September 15, 2024 Nelson Peltz’s activist hedge fund Trian Partners is among the shareholders reportedly calling for a shake-up at pest control firm Rentokil after a severe drop in its share price. Trian Partners, which has built a fearsome reputation for waging activist campaigns on global boardrooms, has held urgent meetings with Rentokil’s chief executive and chairman to [...]
Rentokil shares plunge as group issues profit warning September 11, 2024 Rentokil shares have plunged in early trading this morning after the firm issued a profit warning for the year. The pest-control firm said it would take a £80m hit to its operating profit after expanding its US workforce to meet peak season demand, which fell short of expectations. The Crawley-based company, which is listed in London [...]
FTSE 100 bounces back into green after tech sell-off July 26, 2024 FTSE 100 stocks have taken a dive this morning after a set of poor earnings reports and American markets suffering their worst day in two years.
Rentokil: Stock falls as company fails to impress while takeover rumours swirl July 25, 2024 The stock dropped 5.81 per cent in early trading despite the firm unveiling a 14 per cent dividend hike, as investors were left unconvinced by a bland set of results.
Rentokil shares spike 11 per cent after BT boss eyes takeover July 22, 2024 Philip Jansen, the former chief of BT Group, is eyeing a bid to take over FTSE 100 pest control firm Rentokil Initial, according to reports.
Rats! Rentokil London future in doubt after Nelson Peltz builds a stake June 12, 2024 Trian Partners, founded by Peltz, told Bloomberg News it had reached out to the Crawley-based pest-exterminator with ideas to “improve shareholder value” after building a stake that put it among the top 10 shareholders in the firm.