Rentokil Initial acquires Chilean provider of pest control firm Bestway
5th Mar 2014 07:07
Rentokil Initial has acquired Bestway, a Chilean provider of pest control, hygiene and other office services, which also has a smaller, start-up operation in Colombia. Last year, the group, which employs 274 people, generated revenues of £11m. The acquisition follows last week's announcement of a
Read moreTuesday broker round-up UPDATE
4th Mar 2014 09:37
Abcam: Numis cuts target price from 560p to 510p downgrading from add to hold. Amlin: Deutsche Bank shifts target price from 484p to 491p and keeps a hold recommendation. Arrow Global: Canaccord Genuity shifts target price from 300p to 309p maintaining a buy recommendation. Numis moves target pric
Read moreMonday broker round-up UPDATE
3rd Mar 2014 08:21
African Barrick Gold: Citi increases target price from 120p to 179p, but still recommends selling. African Minerals: Citi cuts target price from 300p to 260p leaving its buy recommendation unchanged. Aggreko: Deutsche Bank reduces target price from 1870p to 1400p and downgrades to hold. Anglo Ame
Read moreFriday broker round-up UPDATE
28th Feb 2014 09:51
Barratt Developments: Liberum Capital ups target price from 430p to 468p and keeps a buy recommendation. Deutsche Bank takes target price from 394p to 452p and retains a buy recommendation. Citi raises target price from 390p to 460p and maintains its buy recommendation. Bodycote: FinnCap increases
Read moreStrong Q4 earnings boost Rentokil Initial 2013 results
28th Feb 2014 08:48
Pest controller Rentokil said fourth quarter pre-tax profits rose a massive 760 per cent to 28.4m pounds. Separate to the results, Rentokil said it had sold its Initial unit to Interserve for £250m in cash, allowing it to focus on its core services of pest control, hygiene and workwear, said Chief
Read moreInterserve lifts FY profits and buys Rentokil's facilties arm
28th Feb 2014 08:35
Support services and construction group Interserve posted higher profits and said it was buying Initial Facilities for 250m pounds. Interserve, which manages premises for public and private companies in a range of sectors such as education, broadcasting, justice and health, said headline pre-tax pr
Read moreThursday broker round-up UPDATE
30th Jan 2014 09:06
Amedeo Resources: Daniel Stewart initiates with a target price of 2p and a buy recommendation. Anglo American: Credit Suisse ups target price from 1600p to 1650p and leaves its neutral rating unchanged. Antofagasta: Citi takes target price from 270p to 290p, but still recommends selling. JP Morgan
Read moreMonday broker round-up UPDATE
20th Jan 2014 08:41
Admiral Group: Canaccord Genuity raises target price from 1160p to 1400p and upgrades to hold. African Barrick Gold: Westhouse Securities lowers target price from 170p to 160p and downgrades to sell. Alkane Energy: Liberum Capital downgrades to hold with a target price of 44p. Allocate Software:
Read moreLondon pre-open: Stocks to rise ahead of consumer confidence data, GDP
20th Dec 2013 07:46
Market sources predict the FTSE 100 will open nine points up from yesterday's close of 6584.70 ahead of the release of UK consumer confidence and economic growth figures. GfK's consumer confidence is expected to rise modestly in December to -11 from -12 in November. The final estimate of UK gross
Read moreRentokil Initial buys Green Compliance pest control unit
20th Dec 2013 07:28
FTSE 250 firm Rentokil Initial is to buy the pest control division of AIM-listed Green Compliance. Rentokil, which provides pest control, hygiene and textile services, is paying a total of £4m in cash for the company, comprising £3.25m in an initial consideration and a further £0.75m payable over 1
Read moreTuesday broker round-up UPDATE
12th Nov 2013 09:20
Accesso: Canaccord Genuity raises target price from 680p to 770p and keeps a buy recommendation. Andor Technology: FinnCap places both its target price (prev.: 390p) and its hold recommendation under review. Babcock International: Jefferies increases target price from 1250p to 1600p retaining a bu
Read moreMonday broker round-up UPDATE
11th Nov 2013 08:50
Associated British Foods: Barclays downgrades to equal-weight with a target price of 2100p. Bovis Homes Group: Deutsche Bank moves target price from 1001p to 1008p maintaining a buy recommendation. British Land: Deutsche Bank downgrades to sell with a target price of 520p. British Sky Broadcastin
Read moreRentokil third quarter profits aided by Western purchase
8th Nov 2013 08:16
- Q3 profits up - Core business organic revenues rise - 2013 restructuring costs to reach 60m pounds Royal rat catcher Rentokil Initial delivered higher third quarter profits helped by its acquisition last year of Western Exterminator and foreign exchange rate movements. New broom Andy Ransom wh
Read moreFTSE 250 movers: Afren shares jump on strong Q3
31st Oct 2013 13:59
Oil and gas company Afren saw its shares rise strongly after it achieved a six per cent rise in third quarter pre-tax profit to 427m dollars, driven by an increase in revenue and production. Revenue grew 9% to $1.2bn in the nine months ended September 30th, as production jumped 18% to 48,573 barre
Read moreFTSE 250 movers: Rentokil, Bank of Georgia, Hochschild, Countrywide
14th Aug 2013 13:23
Pest control and hygiene giant Rentokil Initial gained after raising its interim dividend by 4.5 per cent on the back of strong progress in the second quarter. Bank of Georgia Holdings rallied after posting record first-half revenues driven by retail, corporate and investment banking. Hochschild M
Read more