Richard Solomons confirmed as new Rentokil Initial chair
28th Feb 2019 08:51
(Sharecast News) - Rentokil Initial announced on Thursday that Richard Solomons would succeed John McAdam as its company chairman.
Read moreRentokil Initial beats financial targets after record number of acquisitions
28th Feb 2019 08:24
(Sharecast News) - Rentokil Initial said its revenue, profit and cash was all in excess of medium-term financial targets in its final results on Thursday, with ongoing revenue up 13.2% to £2.455bn at constant currency, ongoing operating profit ahead 13.3% to £329.3m at constant exchange rates, and free cash flow standing at £192.0m with a 94% cash conversion rate.
Read moreCMA says Rentokil must sell supply contracts to satisfy merger concerns
25th Jan 2019 07:37
(Sharecast News) - The Competition and Markets Authority said on Friday that Rentokil Initial will need to sell several large supply contracts to satisfy the regulator's concerns about its merger with Cannon Hygiene.
Read moreRentokil Initial secures pension scheme with massive buy-in agreement
4th Dec 2018 07:39
(Sharecast News) - Rentokil Initial and the trustee of the Rentokil Initial 2015 Pension Scheme announced an agreement for a bulk annuity insurance 'buy-in' for the scheme with Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension schemes, on Tuesday.
Read moreRentokil Q3 revenue rises as CMA raises worries over Cannon purchase
18th Oct 2018 07:07
(Sharecast News) - Third quarter ongoing revenue at pest control group Rentokil increased by 11.8% to £637.4m at constant exchange rates, as the UK competition regulator flagged concerns about its purchase of Cannon Hygiene.
Read moreCMA smells a rat with Rentokil-Mitie pest control deal
12th Oct 2018 12:38
(Sharecast News) - Competition authorities have launched an investigation into Rentokil Initial's completed acquisition of Mitie's pest control business.
Read moreRentokil snaps up Mitie's pest control arm for £40m
1st Oct 2018 12:17
(Sharecast News) - Mitie has agreed to sell its pest control subsidiary to FTSE 100 giant Rentokil Initial for £40m in cash.
Read moreJefferies welcomes Mitie's sale of pest control wing to Rentokil
1st Oct 2018 11:44
(Sharecast News) - Following Mitie's announcement that it will dispose of its pest control operations to Rentokil, analysts at Jefferies took another run at their numbers on both parties.
Read moreExpansion-hungry Rentokil Initial pleased with first half
31st Jul 2018 07:19
(Sharecast News) - Rentokil Initial reported "continued positive momentum" across its businesses in its first-half results on Tuesday, leaving its full-year guidance unchanged as its ongoing revenue grew 14.2% to £1.17bn.
Read moreRentokil buys Atlanta-based Allgood Services
7th Feb 2017 07:27
(ShareCast News) - Rentokil Initial has announced the acquisition of Atlanta-based pest control group Allgood Services of Georgia for an undisclosed sum. The company, which also operates in Tennessee, generated annualised revenues for the 12 months prior to acquisition of $26m. Last year, Rentokil
Read moreFTSE 250 movers: Investors hail Rentokil divestment
16th Dec 2016 15:51
(ShareCast News) - London's second tier index was up by 0.22% or 39.52 points at 17,808.87. Shares in pest control specialist Rentokil were among the best performing issues, after the Camberley-based outfit agreed to a combination of its Workwear and Hygiene divisions with Germany's Haniel & Cie
Read moreRentokil announces Workwear and Hygiene JV with Haniel
16th Dec 2016 07:20
(ShareCast News) - Rentokil Initial has agreed to merge its Workwear and Hygiene divisions with Germany's Haniel & Cie Holding Co. The joint venture will bring together Rentokil Initial's Workwear and Hygiene businesses in 10 countries principally in the Benelux and Central & Eastern Europe regions,
Read moreNewcomers eye promotion in FTSE 100 index reshuffle
28th Nov 2016 08:41
(ShareCast News) - Irish packaging group Smurfit Kappa, newly listed medical product company ConvaTec Group and online car retailer Auto Trader could make the leap into the FTSE 100 benchmark on Wednesday as part of the quarterly FTSE Russell index reshuffle. Making way could be precious metals prod
Read moreRentokil Q3 revenue rises on strong pest control performance
19th Oct 2016 07:43
(ShareCast News) - Rentokil reported a jump in revenue for the third quarter following an "excellent" performance from the pest control business. Revenue was up 32.1% to £578.3m, or 15.7% higher at constant exchange rates. Meanwhile, revenue from ongoing operations was up 33.1% to £576.7m, or 16.6%
Read moreBroker tips: United Utilities, Prudential, service sector
13th Oct 2016 13:50
(ShareCast News) - United Utilities got a boost on Thursday as Societe Generale upgraded the stock to 'buy' from 'hold', noting that recent share price weakness now implies a total shareholder return of 18%. The stock has underperformed the FTSE 100 by 11% since the 2 October Tory Party conference.
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