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

Barclays Capital today reaffirms its overweight investment rating on Rentokil Initial PLC (LON:RTO) and raised its price target to 170p (from 160p).

StockMarketWire.com
Rentokil Initial has booked a FY pretax profit of GBP159.0m, up 3.8% on the year. Revenue was GBP1.76bn, up 1%. Dividend was 2.93p a share, up 13.1%.

CEO Andy Ransom said 2015 was a year of further improvement at Rentokil Initial.
"We have continued to execute our differentiated strategy to drive profitable growth with both focus and pace. This year we have delivered ongoing revenue growth of 6.5%, profit growth from ongoing operations of 8.5% and free cash flow of £148m," he said.

"We have also achieved a step change in the scale of our presence in Growth markets through the acquisitions of Steritech, Anderson Pest Solutions and Oliver Exterminating, cementing our position as the number three player in North America, the world's largest pest control market.

"We will continue to pursue high-quality pest control businesses to infill locally and build further density and margins, particularly in Emerging and Growth markets.

"Prospects in the majority of our markets are good and, while conditions in France and Benelux remain difficult, we are confident of making further progress in the coming year."

StockMarketWire.com
Rentokil Initial has seen its Q1 revenues surge 13.0% higher in AER terms to GBP472m, with that from ongoing operations ahead 13.9% AER to GBP468.1m.

"The majority of our regions have had a strong start to 2016, in particular North America Pest Control which grew by 54% (6.4% organic), and the UK, Asia, Pacific and Latin America," the company said in a statement.

"While conditions remain tough in parts of Europe, particularly in France, overall the region delivered modest revenue growth in Q1."

The company continued:

"Revenue from ongoing operations increased by 11.8% [CER] in Q1, of which 2.8% was organic and 9.0% was from acquisitions,

"Pest Control performed strongly in the quarter, growing organically by 6.4% while our Hygiene business showed a continuation of last year's positive trend, growing organically by 2.3%.

"Growth in our Emerging (+17.8%) and Growth (+19.6%) markets was particularly strong, with the rate of revenue decline in the Manage for Value and Protect and Enhance markets lower than last year at c.-1%."

Credit Suisse today reaffirms its outperform investment rating on Rentokil Initial PLC (LON:RTO) and raised its price target to 225p (from 190p).

StockMarketWire.com
Rentokil Initial confirms the acquisition of Allgood Services of Georgia Inc, which trades as Allgood Pest Solutions.

Allgood is a premium pest-control company headquartered in Atlanta, and also operated in Tennessee. It generated annualised revenues for the 12 months prior to acquisition of $26m.

Last year, Rentokil Initial acquired 17 businesses in North America, in line with its strategy to accelerate growth in its pest control business and to pursue acquisitions in higher growth markets.

The pest control market in North America is estimated to be worth just over $8bn a year and accounts for about 50% of the market worldwide, and is therefore a key strategic market for the Company.

StockMarketWire.com
Rentokil Initial has improved its FY pretax profit and revenue, stating that whilst conditions remain difficult in France the prospects in most of its markets are good.

The company booked FY pretax profit up 3.10% to £208.5m, with revenue up 24.2% to £2.16bn and total dividend up 15% to 3.37p a share.

"In 2016 we have continued to execute our strategy at pace," said CEO Andy Ransom in a statement.

Rentokil's Organic Revenue growth of 3.0% was at its highest level for 10 years, with accelerated growth in Pest Control and Hygiene showing continued performance momentum.

In addition, the company had exceeded its financial targets, growing Ongoing Revenues by 12.6%, Ongoing Operating Profit by 11.5% and delivering £156m in Free Cash Flow.

He said 2016 had also seen strong execution of M&A.

"We continue to migrate our revenues into Emerging and Growth markets and have acquired 41 companies in the year with combined annualised revenues of some £124m.

"We were delighted to enter into an agreement with Haniel at the end of the year to create a leading provider of Workwear & Hygiene services across Europe.

"The transaction fits well with our capital allocation model. Cash proceeds will be reinvested in Pest Control and Hygiene and we intend to increase our spend on M&A in 2017 to at least £150m as we continue to identify a particularly strong pipeline of value-enhancing opportunities."

Ransom said that, at the same time, Rentokil was creating value in its Protect & Enhance markets through retaining an 18% stake in the combined business.

"Prospects in the majority of our markets are good and, while conditions in France remain difficult, we are confident of making further progress in the coming year," he added.

StockMarketWire.com
Rentokil reported ongoing revenue increased by 10% in its first quarter, of which 3.1% was organic sales growth (Q1 2016: 2.8%, FY 2016: 3%) and 6.9% was from acquisitions.

On 16 December 2016, the company announced the proposed transfer of its workwear and hygiene businesses in Germany and the Benelux to a joint venture (JV) with Haniel.

The transaction remained on track to complete by mid-year, subject to competition clearance.

Excluding those businesses transferring to the JV the organic revenue growth rate was 3.5%.

Pest control grew by 19.1% (5.6% organic revenue growth) while hygiene revenues rose by 3.7% (3.1% organic revenue growth).

Ongoing revenue growth in Rentokil's emerging and growth markets was strong, increasing by 24.5% and 12.6% respectively.

Its businesses in manage for value markets delivered ongoing revenue growth of 2.5% while those in the protect and enhance markets delivered in line with last year.

There was a continuing strong performance in Asia, Pacific, Latin America, the UK and in our largest market, North America.

Europe delivered improved ongoing revenue growth in the first quarter, with revenues in France broadly flat year on year.

M&A

Rentokil acquired 12 businesses this year to date, ten in pest control, one in hygiene and one in property care, principally in emerging and growth markets.

Combined annualised revenues of the businesses acquired totalled £101.7m in the 12 months immediately prior to acquisition.

In February, the firm announced the acquisition of Atlanta-based pest control company Allgood Pest Solutions. The business generated annualised revenues for the 12 months prior to acquisition of $26.6m.

In March, Rentokil completed the transaction to create a joint venture with PCI Pest Control (PCI), India's largest pest control company, which offered a comprehensive range of pest control services and products through its countrywide network.

Rentokil, which had management control of the JV, was integrating its Indian operations into the JV and the combined business has revenues of 4.5bn rupees (£50m).

On 11 April, the firm's JV in the Kingdom of Saudi Arabia (KSA) acquired Sames, the market leader in the commercial pest control sector in KSA. The business generated revenues of £9m in the last 12 months prior to acquisition.

StockMarketWire.com
Rentokil Initial and Franz Haniel & Cie. GmbH have announced the completion of their agreement to form a joint venture that would become a leading provider of Workwear and Hygiene services in Europe.

The JV brought together Rentokil Initial's Workwear and Hygiene businesses in 10 countries principally in the Benelux and Central Europe regions with Haniel's businesses in 16 countries that operated under the CWS-boco brand.

In the 12 months to 30 June 2016, the JV had combined revenues of c. EUR1.1bn and APBITA of over EUR130m.

"We are delighted that the joint venture has completed on schedule," said Rentokil's CEO, Andy Ransom.

"The deal aligns with our value-creating capital allocation model perfectly, as not only does it increase our ability to invest in our core growth categories of Pest Control and Hygiene, but it also protects value through an investment in a leading European Workwear and Hygiene business.

"It represents a step change in the execution of our strategy with 80% of group revenues now coming from Pest Control and Hygiene services."

StockMarketWire.com
Rentokil Initial's ongoing revenue increased by 13.7% in the third quarter, of which 3.7% was organic revenue growth, up from 3.1% a year earlier, while 10% was acquisitions-led.

Organic growth including revenues from product sales by the group to the Haniel joint venture was 4.6% in the quarter.

Pest control grew by 17.8% (5.6% organic revenue growth) with growth markets delivering a 12.3% increase and emerging markets delivering revenue growth of 65.7%, reflecting the impact of the group's joint venture in India.

Hygiene revenues increased by 13.2%, of which 2.6% was organic revenue growth.

Ongoing revenue in the Protect & Enhance markets declined by 0.2%, with an organic revenue decline of 1.7%, primarily due to ongoing market weakness in the UK property care business.

Europe delivered a further improvement in ongoing revenue growth in the quarter, with revenues in France up 2.4% year on year.

A number of operations within the North American, Latin American and Rest of the World businesses were temporarily disrupted by severe weather conditions in September. Trading has now returned to normal in most of these markets, with the exception of Puerto Rico, which is expected to remain severely impacted for some time.

Andy Ransom, chief executive, said: "Notwithstanding the impact of severe weather conditions on some of our businesses in the third quarter, prospects remain good for the remainder of the year across the majority of our markets, and our guidance for the full year is unchanged."

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).