Numis thinks Rentokil Initial should “pause for breath” despite impressive pest control Capital Markets Day
The City broker has cut its rating for the FTSE 100-listed firm to ‘hold’ from ‘add’ with an unchanged target price of 315p
Company
Rentokil Initial PLC
LON:RTO
Rentokil Initial plc is a holding company that, through its subsidiaries, provides a range of business to business support services in five business segments: Textiles and Washroom Services, Pest Control, Facilities Services, Ambius and City Link.
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Rentokil Initial trades well in first quarter despite delayed start to the spring pest season in the US
Arctic blasts have meant that pests have not been so prevalent in the first quarter as in other years but the pest control firm still managed to grow ongoing revenues by 10.8% year-on-year
FTSE 100 closes in the black as Shire surges; tobacco stocks drift lower
Shire shares ended 5.89% up as the group received and rejected a takeover approach from Japan's Takeda Pharma
Investments and investor services
Unilever, Debenhams and Rentokil Initial in the spotlight as updates loom
Thursday looks a pretty busy day for investors with a number of important updates due.
Deutsche Bank downgrades Rentokil Initial amid fear of overestimated profits
In a note to clients, analysts at the German bank said the FTSE 100 pest control company was a “great equity story, but not pricing in risk to consensus.”
Investments and investor services
FTSE 100 closes near flat as Middle East tensions cool
The UK blue-chip benchmark closed 1.20 points, or 0.02% at 7,258..
Archive
Travel sales set to dominate at WH Smith once again on Thursday; Hays and Saga also due up
It looks like it will be the same old story for WH Smith, with sales flying in travel but challenges remaining in its high street stores
Archive
Retailers and recruiters in focus as Tesco, ASOS, Hays and PageGroup report
The week ahead includes full-year results from Tesco and Saga, interims from ASOS, WH Smith and McCarthy & Stone, and trading updates from Robert Walters, Hays and PageGroup
Archive
FTSE 100 closes higher as US benchmarks stage turnaround
FTSE 100 closed around 46 points higher at 7,115. Little brother FTSE 250 also gained ground - up over 180 points at 19,567.
Jefferies upgrades Rentokil after share price fall
The analysts said that company’s core pest control division remained solid and is the most important driver of the company
Rentokil Initial unsettled by currency concerns
Asia was performing particularly well, increasing revenues by 37.3% and North America growing by 21.1%
Investments and investor services
FTSE 100 closes firmly lower as global share rout continues
Investors didn't want to venture into shares today, or outside much in the UK for that matter
Investments and investor services
Markets nervous ahead of Capita finals, is it ‘the next Carillion’?
Capita will be a focus on Thursday, others include Bovis House, Cobham, and National Express.
Gattaca drops as boss steps down with immediate effect, dividend cover doubled
A look at some of the biggest risers and fallers in the London market on Wednesday
FTSE 100 closes strongly higher as markets stabilise
The UK blue chip index closed up 138 at 7,279 - above the day’s peak of 7,255.
Investments and investor services
FTSE 100 closes in red amid low volatility
The FTSE 100 closed around 15 points lower - at 7,715
FTSE 100 closes in red as UK manufacturing growth slows more than expected
The FTSE 100 gave up some of the gains made on its recent record-breaking run, with the pound's rise partially to blame
Brokers start coverage with differing opinions on pest control to hygiene services firm Rentokil Initial
Analysts at Goldman Sachs have initiated coverage on Rentokil with a ‘buy’ rating and a 12 month price target of 400p
Rentokil Initial reports solid growth in third-quarter revenue boosted by its pest control unit
The FTSE 100-listed support services company said its revenue from its ongoing operations in the third quarter grew by 13.7% to £579.5mln at constant currency rates
FTSE 100 plunges on North Korea fears
The FTSE 100 finished 108 points lower at 7,390, about 13 points above its intra-day low
Rentokil shares jump after first half profits surge on disposals
Renotkil has moved away from lower growth businesses to focus on its core pest control and cleaning businesses
Rentokil Initial expects its 2017 performance to be in line with expectations, as first-quarter revenues rise
in a trading update, the FTSE 100-listed firm said its first quarter revenue was £580mln, up 9.2% at constant currency rates, and 22.9% at actual rates
Archive
Day ahead: Retailers at opposite ends of shopping spectrum in focus
Luxury group Burberry PLC will deliver a pre-close season trading update, while Primark discount clothing chain owner Associated British Foods PLC delivers its first-half results
EasyJet set to fly off the FTSE 100 with Capita and Dixons Carphone in reshuffle
A reshuffle of the FTSE 100 and FTSE 250 indices will be announced tomorrow, determined by today's closing prices
Rentokil Initial growing faster than an infestation of wasps
The market has become used to strong figures from Rentokil and these were not quite strong enough to impress
FTSE ends lower as Wall St adds to ex-divi stock blues
With around half-an-hour of trading to go in London, the FTSE100 index was almost 20 points lower at 7,282, the day’s worst levels, well below an earlier peak of 7,310.
Archive
Barclays next in to bat as banking results season continues
Will Barclays' results be duff, like HSBC's, or buff, like Lloyds'?
Read all about it! Johnston Press offloads more regional titles
The Johnston Publishing East Anglia unit has been sold off
Investments and investor services
FTSE 100 ends above 7,000 for first time since late October
FTSE 100 shares closed back above 7,000 on Friday for the first time since late October
Blue-chips bounce back after Bank of England rate decision
The FTSE 100 Index pared losses to stand 1.5 points up at 6414 by lunchtime
Miners and Morrisons drag down London market
The FTSE 100 Index was 27.26 points off at 6385 in morning trading
Falkland farm-out too difficult given low oil price, says Numis
Borders and Southern, Premier Oil, Rentokil and ABF are all in Wednesday’s broker spotlight