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  • 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 [...]

    Rentokil has been under pressure from investors since its bid to expand into North America has failed to pay off.
  • 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’s chief executive Andy Ransom said: "2024 was a challenging year for the group, with lower profits and margins, delivered in line with our trading update in September. "
  • Rentokil shares spike 11 per cent after BT boss eyes takeover

    retail

    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.

    Rentokil has been under pressure from investors since its bid to expand into North America has failed to pay off.

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