Rentokil buyout of Mitie pest control business given green light by regulator August 22, 2019 Rentokil’s bid to hive off parts of its newly-acquired pest control business from Mitie so as to assuage competition concerns has been accepted by regulators. The Competition and Markets Authority (CMA) has given the deal its blessing, as long as Rentokil sells the majority of the majority of the business that used to be called [...]
Rentokil set to continue acquisition spree while organic growth continues April 18, 2019 Pest control expert Rentokil Initial said this morning it is planning to continue an acquisition-heavy strategy and is likely to spend between £200m and £250m on takeovers this year. The firm showed 4.9 per cent growth from takeovers in the first three months of the year, while organic revenue grew at four per cent. Read [...]
Competition watchdog expresses concern over Rentokil and Mitie merger April 12, 2019 The UK's Competition and Markets Authority (CMA) has warned Rentokil Initial it may have to investigate the company after its completed takeover of Mitie's pest control arm has severely reduced competition in the sector. The competition watchdog has given Rentokil a deadline of April 23 to outline how it will address concerns that prices could [...]
Rampant rodents: Rats on the rise last summer boost finances at pest control giant Rentokil February 28, 2019 Pest control giant Rentokil’s shares rose on Thursday morning as it said its services had been in high demand through last year’s long, hot summer. The blue chip firm also announced it would replace its chairman of more than a decade, John McAdam, with senior director at Aston Martin, Richard Solomons. Read more: CMA orders [...]
CMA orders bathroom services provider Rentokil Initial to dispense with services contracts in Cannon merger January 25, 2019 The Competition and Markets Authority has ordered bathroom services giant Rentokil Initial to sell off several large supply contracts as a condition of its merger with Cannon Hygiene, after deciding the deal would cause “higher prices or a worse deal for customers”. The watchdog ruled this morning the tie-up – between two of the three major suppliers [...]
Mitie sheds pest control business amid efforts to restructure October 1, 2018 Outsourcing group Mitie revealed plans to offload its £40m pest control business this morning, as it ramps up efforts to restructure the business in the wake of several profit warnings. The FTSE 250 firm said it would sell its pest control arm to business services giant Rentokil Initial as it seeks to plough more of [...]
Lewis Hamilton’s Abu Dhabi Grand Prix win celebrated by Rentokil’s landscaping arm Ambius in flower portrait November 23, 2014 There might be some sore heads in the City this morning as F1 fans all over Britain celebrated along with Lewis Hamilton yesterday, having watched him clinch his second drivers’ world championship in Abu Dhabi. But some celebrated his triumph in a slightly different and we dare say, odd way. London-listed pest control giant [...]
Rentokil shares open down despite rise in revenue and profit November 7, 2014 Rentokil shares opened four per cent lower this morning, even after the company reported a rise in revenue in the third quarter. The pest control company’s revenue jumped 3.3 per cent to £439m for the quarter, compared to the same period last year, while profit before tax rose 16.7 per cent to £48.8m. [...]
Rentokil’s growth impresses despite disposal charge August 14, 2013 RENTOKIL boss Alan Brown impressed investors with his final set of results yesterday, which sent shares in the pest-killer up more than six per cent. The FTSE 250 firm said half-year revenues rose 3.7 per cent at constant currency to £1.17bn, while adjusted pre-tax profit was up 1.8 per cent at £87.66m. A [...]
Rentokil to relocate October 26, 2005 Rentokil Initial is abandoning its rural lair for central London, a habitat thought to be more suited to the royal ratcatcher. Fresh from its tussle for control with celebrity businessman Sir Gerry Robinson, the world’s largest pest-controller is to relocate from rural Surrey to new offices in Belgrave House, next to Victoria railway station. Rentokil [...]