Edition:
United Kingdom

Rentokil Initial PLC (RTO.L)

RTO.L on London Stock Exchange

352.00GBp
19 Feb 2019
Change (% chg)

-1.90 (-0.54%)
Prev Close
353.90
Open
354.50
Day's High
354.50
Day's Low
350.60
Volume
125,192
Avg. Vol
4,767,764
52-wk High
361.20
52-wk Low
257.40

Latest Key Developments (Source: Significant Developments)

UK's CMA Considering If Rentokil-Mitie Pest Control Deal Resulted In Lessening Of Competition In Market
Monday, 18 Feb 2019 

Feb 18 (Reuters) - UK's CMA::CONSIDERING IF IT IS OR MAY BE CASE THAT RENTOKIL-MITIE PEST CONTROL TRANSACTION HAS RESULTED IN CREATION OF A RELEVANT MERGER SITUATION.CONSIDERING IF RENTOKIL-MITIE PEST CONTROL DEAL RESULTED IN A SUBSTANTIAL LESSENING OF COMPETITION WITHIN ANY MARKET OR MARKETS IN UK.  Full Article

UK CMA Says Rentokil Must Sell Contracts To Satisfy Concerns Over Cannon Hygiene Deal
Friday, 25 Jan 2019 

Jan 25 (Reuters) - UK CMA::RENTOKIL INITIAL MUST SELL SEVERAL LARGE SUPPLY CONTRACTS TO SATISFY CMA CONCERNS OVER ITS MERGER WITH CANNON HYGIENE.FOUND THAT RENTOKIL-CANNON HYGIENE DEAL LIKELY TO RESULT IN HIGHER PRICES, WORSE SERVICE FOR CUSTOMERS ACROSS WHOLE OR LARGE PART OF UK.FINDINGS SHOW THAT MERGER OF RENTOKIL - CANNON WOULD REDUCE CHOICE OF SUPPLIERS AVAILABLE TO CUSTOMERS.  Full Article

John McAdam To Retire As Rentokil And United Utilities Chair - Sky News
Tuesday, 11 Dec 2018 

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 

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 

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 

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 

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 

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 

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 

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

Britain's competition watchdog looking at Mitie-Rentokil pest control deal

Britain's competition watchdog said on Monday it was considering whether the completed acquisition of British outsourcing firm Mitie Group's pest control business by Rentokil Initial could result in a substantial lessening of competition.