Rentokil announces five acquisitions
12th Jan 2016 09:11
(ShareCast News) - Business services group Rentokil Initial announced five acquisitions in the fourth quarter of 2015 and first week of 2016 in its growth and emerging quadrants. The group acquired Oliver Entertaining in North America, which it said complements the company's existing pest control ac
Read moreRentokil reiterates full year guidance
5th Nov 2015 09:45
(ShareCast News) - Business service group Rentokil reiterated its full year guidance, despite reporting a slight decline in third quarter revenue. In a trading update released on Thursday, the FTSE 250 group said revenue in the nine months to the end of September was flat from the previous year at $
Read moreRentokil completes Steritech Group deal
2nd Oct 2015 08:09
(ShareCast News) - Pest control and hygiene services provider Rentokil Initial has completed the acquisition of The Steritech Group for $425m in cash. The FTSE 250 group, which first announced the deal on 1 September, said the acquisition of the North American pest control business will provide a ca
Read moreFTSE 250 movers: Rentokil rallies on acquisition, Man Group drops on press report
1st Sep 2015 14:28
(ShareCast News) - London's mid-cap index was in the red on Tuesday as weak Chinese and UK manufacturing figures weighed on sentiment. At 1440 BST, the index was down 1.8% at 16,807.07. OneSavings Bank was the standout gainer after Numis raised its forecasts and target price on the stock following s
Read moreRentokil rallies on acquisition of US pest control business
1st Sep 2015 07:58
(ShareCast News) - Rentokil Initial rallied after announcing that it has reached an agreement to acquire US-based The Steritech Group for $425m in cash to accelerate the growth of its pest control business. Rentokil said the deal, which is subject to US regulatory approval, strengthens its position
Read moreLondon midday: Investors remain on sidelines ahead of US data
28th Aug 2015 11:34
(ShareCast News) - Investors stayed on the sidelines ahead of the release of a fresh batch of economic data Stateside in the afternoon, despite optimistic calls from many strategists. As of 1143 BST the Footsie was 2.95 points lower to 6,198.93 and Germany´s Dax-30 off by 0.65% to 10,248.60. Overnig
Read moreLondon open: Strategists sound optimistic note
28th Aug 2015 09:29
(ShareCast News) - Markets wavered slightly at the start of trading as investors continued to take stock of Thursday´s much stronger than expected reading on the US economy and what it might mean for the Federal Reserve´s monetary policy. As of 08:56 the Footsie was 1.66 points higher to 6,193.66 bu
Read moreRentokil buys Chicago-based Anderson Pest Solutions
28th Aug 2015 08:07
(ShareCast News) - Rentokil Initial announced the acquisition of Chicago-based Anderson Pest Solutions for an undisclosed sum. The pest control company said the deal was in line with its strategy of continued acceleration of its pest control business and pursuing acquisition targets in higher growth
Read moreMerrill lifts Rentokil target price on transformation potential
14th Aug 2015 13:47
(ShareCast News) - Bank of America Merrill Lynch raised its price target on Rentokil to 175p from 150p as it maintained its 'buy' rating on the stock. "We think Rentokil could look like a very different business in 3-5 years' time," the bank said. It sees potential for the company to materially ref
Read moreBroker tips: Ocado, Rentokil
14th Aug 2015 13:45
(ShareCast News) - Goldman Sachs said the sell-off in Ocado shares has been an unwarranted over-reaction to news that Amazon is planning to launch its Fresh food offering in the UK, as it will be worse news for bricks-and-mortar grocers. Goldman retained its 'buy' rating on Ocado and 'sell' on Sa
Read moreRentokil Initial posts increase in interim profit on lower financing costs
30th Jul 2015 12:01
(ShareCast News) - Businesses services group Rentokil Initial reported an increase in interim pre-tax profit on the back of lower financing charges. The group posted a 5% year-on-year increase in pre-tax profit to £70.2m, 15.9% at constant currency, while revenue edged 0.1% higher to £855.3m. Rento
Read moreCredit Suisse cuts Rentokil to 'neutral'; highlights FX pressure on estimates
22nd Jul 2015 14:28
(ShareCast News) - Credit Suisse downgraded Rentokil to 'neutral' from 'outperform', with the share price just a whisker from is new target price of 150p (up from 141p) and further FX-derived pressure on estimates. The bank said that over the past two years Rentokil has materially improved its cash
Read moreRentokil on track towards meeting annual targets
1st May 2015 08:23
Pest control group Rentokil Initial saw revenue rise in the first quarter, as solid growth in regional operations offset sluggish performance in the European market. The London-listed company reported first quarter revenue of £417.8m, a 1.4% increase year-on-year, driven by solid performances in its
Read moreThursday broker round-up
30th Apr 2015 18:01
Schroders: Credit Suisse reiterates outperform and 2,770p target price. Tesco: UBS restarts coverage at buy with 260p target. Pearson: Westhouse Securities reiterates sell and 1,185p target price. RBS: Shore Capital reiterates hold, Numis reiterates add (with 400p target), Investec reiterates hold
Read moreRentokil Initial completes 50th acquisition in North America
19th Mar 2015 07:33
Continuing its accelerated acquisition strategy Rentokil Initial has completed two purchases in the Americas to strengthen its pest control business The FTSE 250 group made its 50th acquisition in North America with the addition of Eradico Services Inc in Michigan, together with Sagrip SA, which is
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