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Rentokil Initial PLC Shares News & Articles

Rentokil shares top FTSE leaderboard on strong profit growth and raised synergies

Sales and profit jump 46% and 57% respectivelySynergies from integration of Terminix increased by $50 millionGood trading momentum continued into 2024Shares in Rentokil Initial (RTO) jumped 13% to 485p topping the FTSE leaderboard after the pest control and hygiene company said it expected higher cost savings from its $8 billion acquisition of Terminix.Also pleasing investors was news that the com

A big acquisition and a slowdown in its largest market have unnerved investors in Rentokil

Normally, when a firm posts a 53% increase in quarterly revenues it doesn't result in its share price dropping by a third in a matter of days.However, in the case of FTSE 100 pest control and hygiene business Rentokil (RTO), the increase marked a slowdown from the first half growth rate of 70% and was accompanied by a warning over sales and margins in the group's key North American market.Most of
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