Rentokil Initial Stock News

Rentokil Initial PLC (LSE:RTO), the London-listed pest control group, recorded the strongest website traffic growth among major industry brands in July, according to alternative data compiled by RBC Capital Markets. Unique visits to Rentokil's site climbed around 28.9% year on year, RBC said, though the bank cautioned that the jump was flattered by a weak comparison a year earlier.

Rentokil Initial PLC (LSE:RTO), the FTSE 100 pest control group, has overhauled its global operating structure, a move it hopes will intensify customer focus and "deliver operational excellence". The business is formalising its framework into two distinct operating divisions covering North America and a newly consolidated international unit.

UBS has reiterated its 'buy' rating on Rentokil Initial PLC (LSE:RTO) following a meeting with the pest control group's new chief executive, arguing the reaction to second-quarter results has created a sharply positive risk-reward skew. The bank keeps its 480p price target, implying 35% upside from 370p, against an upside case of 640p and a downside case of 280p.

Rentokil Initial PLC's (LSE:RTO) first-half numbers were better than the share-price reaction suggested, according to analysts, as investors focused on weakening momentum in its crucial North American pest-control business. The shares fell 19.5% to 356.8p even though adjusted pre-tax profit of $459 million beat consensus by 4%.

Rentokil Initial PLC (LSE:RTO) shares plunged 17% to 368p after the pest-control group warned of weaker residential demand in North America and abandoned a key margin target. The company said residential customer leads had softened towards the end of the second quarter and into July.

Rentokil Initial PLC (LSE:RTO) faces a fresh test in North America as weaker online demand for one-off pest treatments points to slowing industry growth, that's according to analysts at Deutsche Bank. London-based analysts for the German bank, in a results preview note, said they expect North American Pest Control organic growth to ease to 3% in the second quarter from 4.1% in the first.

MEMPHIS, Tenn.--(BUSINESS WIRE)--With one of the world's biggest sporting events already underway and millions of international visitors on the ground across U.S. cities, new data from Terminix®, a Rentokil Terminix company, reveals a striking convergence: seven of the 11 host cities for this summer's next wave of soccer matches also rank among the country's worst for mosquito activity, bed bug...