Rentokil Initial plc Sponsored ADR (RTO)
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Rentokil management 'should be nervous' after profit warning and activist Peltz hovering
Rentokil Initial PLC (LSE:RTO) issued what analysts called a "material profit warning" of surprising scale on Wednesday, raising more concerns about the pest controller's US acquisition of Terminix. The FTSE 100 group said North American organic growth is now expected to be 1% in the second half, and that group profits are now expected to be £700 million for the year due to higher costs from higher spending on sales and services teams.
Rentokil Stock Plummets. The U.S. Pest Control Market Is a Big Worry.
Activist investor Nelson Peltz's Trian Partners purchased a stake in the pest-control giant in July.
Rentokil warns of lower sales and profits from North America in second half
Rentokil Initial PLC (LSE:RTO) warned that sales in North America in the past two months were lower than expected, with profits likely to be hit by higher costs and currency headwinds. Organic revenue growth from the US and Canadian operations is now expected to be around 1% in the second half of the year, down from 2.8% in the first half.
Verisante Technology, Inc. Announces Proposed RTO with SunRegen Healthcare AG
VANCOUVER, BC / ACCESSWIRE / August 13, 2024 / Verisante Technology, Inc. (TSX-V:VER.H) ("Verisante") is pleased to announce that it has entered into a binding Letter of Intent ("LOI") dated August 12, 2024, to acquire a 100% interest in SunRegen Healthcare AG ("SunRegen"), a Swiss pharmaceutical company, by way of a Definitive Share Exchange Agreement which is yet to be negotiated between the parties. The proposed transaction is a Reverse Takeover ("RTO") pursuant to Policy 5.2 of the TSX Venture Exchange and the resulting issuer intends to qualify as a Tier 2 Life Sciences Issuer.
Rentokil Initial crawls lower after guiding to low-end US growth
Rentokil Initial PLC (LSE:RTO) is one of the big fallers after its interim results showed progress in North America, a key area of investor concern after it caused last year's profit warning, but management trimmed profit guidance due to extra investment. Revenue for the pest controller rose 1.3% to £2.7 billion or 4% if currency swings are excluded, of which 2.8% was organic.
Rentokil Initial surges on reports of private equity takeover interest
Rentokil Initial PLC (LSE:RTO) shares surged 13% higher on Monday morning after weekend reports that it might be a takeover target. The royal rat-catcher was reported to be a target for former BT boss Philip Jansen (pictured), who the Sunday Times said is plotting a takeover with the help of private equity firms.
RTO or SGSOY: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the Business - Services sector have probably already heard of Rentokil Initial PLC (RTO) and SGS SA (SGSOY). But which of these two companies is the best option for those looking for undervalued stocks?
RTO or SGSOY: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the Business - Services sector have probably already heard of Rentokil Initial PLC (RTO) and SGS SA (SGSOY). But which of these two companies is the best option for those looking for undervalued stocks?
RTO vs. ULS: Which Stock Is the Better Value Option?
Investors with an interest in Business - Services stocks have likely encountered both Rentokil Initial PLC (RTO) and UL Solutions Inc. (ULS). But which of these two stocks is more attractive to value investors?
RTO or ULS: Which Is the Better Value Stock Right Now?
Investors interested in Business - Services stocks are likely familiar with Rentokil Initial PLC (RTO) and UL Solutions Inc. (ULS). But which of these two stocks presents investors with the better value opportunity right now?
Rentokil offers upside potential as US growth accelerates - broker
Rentokil Initial PLC (LSE:RTO) was one of the top FTSE 100 risers in early trading, up 1.8%, after RBC Capital Markets summed up the situation as the pest control group continues with the integration of Terminix (TMX), its major North American acquisition from late 2022. The shares have been "very volatile", analysts at the London arm of the Canadian bank said, after the company issued a profit warning last autumn due to softer US trading.
Nelson Peltz's Trian has a stake in Rentokil. Here's how the activist might boost shareholder value
Activist Trian has amassed a sizable stake in Rentokil, and there are a few options to create value.
