Rentokil shares slide almost 20 per cent as demand weakens in North America Markets Pest control giant Rentokil’s share price slid 17 per cent on Thursday morning following a slow appetite from the North American residential market. The FTSE 100 firm’s shares tumbled on market open from 443.30p to 398.60p, despite reporting a 6.7 per cent rise in group revenue for the first six months of the year to [...]
As it happened: FTSE 100 hits new high after interest rates held Markets Welcome back to the City AM liveblog. The Bank of England has held interest rates at 3.75 per cent in a 6-3 split. The City had pencilled in a hawkish hold from the Monetary Policy Committee after inflationary pressures were renewed on the latest round of strikes in the Middle East. Megan Greene, Catherine Mann and [...]
FTSE 100 Live: Airline shares fall after Wizz Air profit warning; Primark new boss Markets Good morning and welcome back to the City AM liveblog. Global markets returned to a touch of stability on Wednesday as energy prices retreated as investors awaited the latest on the events in the Middle East. The FTSE 100 ended the day 0.8 per cent higher at 10,567.65p – still far below it’s level at [...]
FTSE 100’s record run ends as pharma stocks slide on new Trump appointment May 7, 2025 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 April 17, 2025 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 March 6, 2025 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.