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Rentokil Initial PLC (RTO.L)

RTO.L on London Stock Exchange

327.90GBp
12 Dec 2018
Change (% chg)

6.40 (+1.99%)
Prev Close
321.50
Open
323.70
Day's High
328.30
Day's Low
321.60
Volume
3,105,207
Avg. Vol
4,709,408
52-wk High
356.40
52-wk Low
257.40

Latest Key Developments (Source: Significant Developments)

John McAdam To Retire As Rentokil And United Utilities Chair - Sky News
Tuesday, 11 Dec 2018 12:28pm EST 

Dec 11 (Reuters) - :JOHN MCADAM TO RETIRE AS RENTOKIL AND UNITED UTILITIES CHAIR - SKY NEWS.  Full Article

Rentokil Sings Bulk Annuity Insurance Deal With Pension Insurance Corporation
Tuesday, 4 Dec 2018 02:00am EST 

Dec 4 (Reuters) - Rentokil Initial PLC ::RENTOKIL INITIAL PLC - AGREEMENT FOR A BULK ANNUITY INSURANCE 'BUY-IN' FOR SCHEME WITH PENSION INSURANCE CORPORATION.RENTOKIL INITIAL PLC - SCHEME HAS LIABILITIES OF £1.5 BILLION.RENTOKIL - AGREEMENT SECURES BENEFITS FOR SCHEME'S 14,200 MEMBERS (7,500 PENSIONERS AND 6,700 DEFERRED PENSIONERS).RENTOKIL - BUY-OUT WILL COMPLETELY EXTINGUISH ALL FUTURE PENSION LIABILITIES FROM COMPANY'S BALANCE SHEET AND ASSOCIATED ACCOUNTING SURPLUS.RENTOKIL - ON COMPLETION OF BUY-OUT IT IS ANTICIPATED THAT THERE WILL BE A SMALL CASH SURPLUS WHICH WILL BE RETURNED TO CO.RENTOKIL - AS AT 31 DECEMBER, ACCOUNTING SURPLUS (WHICH WAS £373.2M AT 30 JUNE 2018) WILL BE WRITTEN DOWN TO ESTIMATED CASH SURPLUS.RENTOKIL - CO'S DEFINED CONTRIBUTION SCHEME, MANAGED BY FIDELITY, IS UNAFFECTED.  Full Article

T. Rowe Price Associates Discloses 5.16 Pct Stake In Rentokil
Wednesday, 1 Aug 2018 10:12am EDT 

Aug 1 (Reuters) - Rentokil Initial PLC ::T. ROWE PRICE ASSOCIATES DISCLOSES 5.16 PERCENT STAKE IN RENTOKIL INITIAL- FILING.  Full Article

Rentokil HY Rev Falls 4.7 Pct, FY Forecast Unchanged
Tuesday, 31 Jul 2018 02:01am EDT 

July 31 (Reuters) - Rentokil Initial PLC ::INTERIM DIVIDEND 1.311 PENCEPER SHARE.HY REVENUE OF 1,176.1 MILLION POUNDS, DOWN 4.7 PERCENT.CONTINUED POSITIVE MOMENTUM ACROSS OUR BUSINESSES WITH FULL YEAR GUIDANCE UNCHANGED..HY PRETAX PROFIT OF 109.5 MILLION POUNDS, DOWN 81.5 PERCENT.HY ADJUSTED. PRETAX PROFIT OF 124.5 MILLION POUNDS, DOWN 1.5 PERCENT.15.0% INCREASE IN INTERIM DIVIDEND OF 1.311P PER SHARE.OUR GUIDANCE FOR FULL YEAR IS UNCHANGED.CANNON UK BUSINESS CONTINUES TO BE RUN SEPARATELY FROM OUR UK INITIAL BUSINESS PENDING ONGOING REVIEW BY CMA.  Full Article

UK's CMA Says Referred Rentokil Initial's Purchase Of Cannon Hygiene For In-Depth Investigation
Thursday, 28 Jun 2018 02:00am EDT 

June 28 (Reuters) - UK's CMA: :UK'S CMA SAYS HAS REFERRED RENTOKIL INITIAL'S PURCHASE OF CANNON HYGIENE FOR AN IN-DEPTH INVESTIGATION AFTER FINDING COMPETITION CONCERNS.  Full Article

Rentokil Initial Says Q1 Ongoing Revenue Of 545.9 Mln Pounds
Thursday, 19 Apr 2018 02:00am EDT 

April 19 (Reuters) - Rentokil Initial PLC ::Q1 ONGOING REVENUE OF 545.9 MILLION STG.Q1 REVENUE OF 550.7 MILLION STG VERSUS 580 MILLION STG A YEAR AGO.TRADING HAS STARTED WELL ACROSS BUSINESSES IN Q1 WITH ONGOING REVENUE INCREASING BY 15.7%.Q1 2018 HYGIENE ONGOING REVENUE ROSE BY 29.3% (1.8% ORGANIC, Q1 2017: 3.4%, Q4 2017: -0.2%).GUIDANCE FOR ADVERSE IMPACT OF FOREIGN EXCHANGE ON PROFIT IS IN RANGE OF £10M TO £15M FOR YEAR.IN THREE MONTHS TO 31 MARCH 2018, MADE 11 PEST CONTROL ACQUISITION.SAYS FOR Q1, ONGOING REVENUE IN PROTECT & ENHANCE MARKETS DECLINED BY -0.1% (-0.3 ORGANIC, Q1 2017: -0.9%, Q4 2017: 1.0%).  Full Article

Competitions watchdog serves enforcement order on Rentokil for Cannon Hygiene buy
Monday, 5 Feb 2018 02:26am EST 

Feb 5 (Reuters) - Rentokil Initial Plc ::MERGER UPDATE.‍CMA HAS SERVED AN INITIAL ENFORCEMENT ORDER UNDER SECTION 72(2) OF ENTERPRISE ACT 2002 ON RENTOKIL INITIAL PLC, IN RELATION TO COMPLETED ACQUISITION BY RENTOKIL INITIAL PLC OF CANNON HYGIENE LIMITED​.  Full Article

Rentokil Initial agrees issue of $472m bond ​
Friday, 17 Nov 2017 02:06am EST 

Nov 17 (Reuters) - Rentokil Initial Plc :‍Rentokil Initial plc <<>> has agreed issue of a 400 million euro ($472.36 million) 0.95% bond due November 22 2024.​.‍Part of proceeds will be swapped into dollars in line with company's hedging strategy and will be used for general corporate purposes, including repayment of company's 200 million pound and 157 million euro term loans that were due to mature in 2018.​.  Full Article

Rentokil Initial acquires Vector Disease Acquisition, LLC
Monday, 13 Nov 2017 02:00am EST 

Nov 13 (Reuters) - RENTOKIL INITIAL PLC ::‍ANNOUNCES THAT IS HAS ACQUIRED VECTOR DISEASE ACQUISITION, LLC​.  Full Article

Rentokil ‍says ongoing revenue up 13.7 pct in Q3
Thursday, 19 Oct 2017 02:00am EDT 

Oct 19 (Reuters) - Rentokil Initial Plc ::RENTOKIL INITIAL - ‍ONGOING REVENUE INCREASED BY 13.7% IN Q3, OF WHICH 3.7% WAS ORGANIC REVENUE 2 GROWTH (Q3 2016: 3.1%) AND 10.0% WAS FROM ACQUISITIONS.​.RENTOKIL INITIAL PLC - ‍CONTINUING STRONG PERFORMANCES IN ASIA, PACIFIC, LATIN AMERICA, AND IN OUR LARGEST MARKET, NORTH AMERICA IN Q3.​.RENTOKIL INITIAL PLC - ‍EUROPE DELIVERED A FURTHER IMPROVEMENT IN ONGOING REVENUE GROWTH IN QUARTER, WITH REVENUES IN FRANCE UP 2.4% YEAR ON YEAR.​.RENTOKIL INITIAL - ‍NUMBER OF OPERATIONS WITHIN NORTH AMERICAN, LATIN AMERICAN AND REST OF WORLD BUSINESSES WERE TEMPORARILY DISRUPTED BY SEVERE WEATHER CONDITIONS IN SEPT ​.  Full Article

UPDATE 1-Britain's Rentokil to offload pension risks to PIC

Dec 4 Rentokil Initial Plc will offload pension liabilities of 1.5 billion pounds ($1.91 billion) to Pension Insurance Corp (PIC), the British pest control company said on Tuesday, a deal that would allow it to tap surplus funds.