And at a 1.40 buy,my have a chance short term,only small money..

StockMarketWire.com
Rentokil Initial has acquired Vector Disease Acquisition, North America's largest provider of mosquito control services, for an undisclosed sum

The target posted annualised revenues for the 12 months prior to the acquisition of around $47m (£36m).

Rentokil's M&A pipeline remains very strong and the company now expects to spend at least £100m in the second half of 2017, chief executive Andy Ransom said.

"This is another important step towards our ambition to create a business in North America with revenues of around $1.5bn and margins of around 18% by the end of 2020," Ransom said.

Peel Hunt today downgrades its investment rating on Rentokil Initial PLC (LON:RTO) to add (from buy) and cut its price target to 343p (from 348p).

StockMarketWire.com
Rentokil Initial's ongoing revenue (excluding sold businesses) increased by 14.5% to £2,203.8m in 2017, with all regions contributing to growth.

Asia performed particularly well, increasing revenues by 37.3%, driven by the PCI joint venture.

North America revenues grew by 21.1% and revenues in the Pacific and Europe rose by 7.7% and 7.3% respectively.

The UK and rest of world region delivered growth of 6.8%.

Group organic revenue growth was 3.8% and growth from acquired businesses was 10.7%.

Ongoing revenue in pest control grew strongly at 21.4% during the year, of which 5.8% was organic revenue, while hygiene reported increased revenues of 7.6%, up 2.1% on an organic basis.

The protect & enhance businesses reported ongoing revenue growth of 0.9% during the period with improved performance in the French workwear business.

Ongoing operating profit increased by 14.8% to £294.6m in 2017, reflecting growth in all regions but offset by lower profits in France. Restructuring costs amounted to £6.9m at CER (2016: £7.9m) consisting mainly of costs in respect of initiatives focused on driving operational efficiency in North America, France and the UK.

Profit before tax at actual exchange rates grew by 242.3% to £713.6m. It includes a net profit on disposal of businesses of £449.0m, including the profit on disposal of the businesses transferred into the Haniel joint venture of £481.2m and a loss of £32.2m in relation to the divestment of eight, predominantly flat linen laundries in France to RLD.

Adjusted profit before tax at actual exchange rates was £286.9m.

Andy Ransom, CEO of Rentokil Initial plc, said: "Overall, we have had a very good year and I am delighted that we have again exceeded our medium-term financial targets for revenue, profit and cash. We are confident of delivering further progress in 2018."

Jefferies International today upgrades its investment rating on Rentokil Initial PLC (LON:RTO) to buy (from hold) and raised its price target to 340p (from 335p).

StockMarketWire.com
Rentokil Initial's organic revenue growth dropped to 3.2% in the first quarter from 3.7% the year before because of the ongoing impact of last September's hurricane on operations in Puerto Rico and unseasonably cold weather in the US in March, which delayed the onset of the spring pest season.

Excluding the impact of Puerto Rico, organic growth is in line with Q1 2017.

Acquisitions performed well, contributing 12.5% to ongoing revenue in the first quarter.

Ongoing revenue in pest control grew by 15.8% (4.7% organic) with growth markets growing by 12.4% and emerging markets increasing by 38.2%, reflecting the strong performance of the joint venture in India.

Hygiene ongoing revenue rose by 29.3% (1.8% organic), driven by the acquisitions of Cannon Hygiene and CWS Italy.

Ongoing revenue in the Protect & Enhance markets declined by 0.1% due to ongoing market weakness in the UK Property Care business, offset by a stronger performance from the French business.

Deutsche Bank today reaffirms its hold investment rating on Rentokil Initial PLC (LON:RTO) and raised its price target to 320p (from 310p).

StockMarketWire.com
Pest control group Rentokil Initial posted a modest fall in first half profit after a strengthening pound offset rising sales.

Pre-tax profit for the six months through June fell 82% to £109.5m, but included a gain on an asset sale in the previous year.

On an underlying basis, pre-tax profit fell 1.5% to £124.5m, as ongoing revenue grew 14% to £1.17bn.

The company declared an interim dividend of 1.311p per share, up 15% on-year.

'I am pleased with our performance in the first half, with revenue, profit and cash all in excess of our medium-term targets,' chief executive Andy Ransom said.

'Pest Control has performed well, despite a late start to the pest season in North America.'

'Encouragingly, our Europe region has continued to improve, with France returning to profitable growth after three years of decline.'

'As a result of our performance in the first half, our guidance for the full year is unchanged.'

Goldman Sachs today downgrades its investment rating on Rentokil Initial PLC (LON:RTO) to neutral (from buy) and raised its price target to 420p (from 400p).