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

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).