STOCKS NEWS UK SMALL-Rentokil up after solid Q3 results

Fri Nov 7, 2008 8:51am GMT
 
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08:49GMT 07Nov2008-Rentokil up after solid Q3 results

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Shares in Rentokil Initial (RTO.L) rise 4 percent to 48.75 pence after the services group reports slightly better than expected third quarter results and says its turnaround plans are on-track and should take three or four years to complete.

The company, founded in the 1920s, is still suffering from the poor integration of acquisitions and misguided cost-cutting plans by previous management.  Continued...

 

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