|Bid||385.10 x 146000|
|Ask||385.20 x 210000|
|Day's Range||383.90 - 389.40|
|52 Week Range||280.00 - 393.80|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||0.04 (1.27%)|
|1y Target Est||371.77|
The Competition and Markets Authority (CMA), which had raised questions over pricing and choices available to customers after Rentokil's deal, said it had received proposals related to the acquisition of MPCL Ltd from Rentokil on April 23. Mitie had sold the business to Rentokil for 40 million pounds last year, and Rentokil had until April 23 to send its proposals to the CMA. Rentokil did not immediately respond to a request for comment.
In an unusual move by the Competition and Markets Authority (CMA) after a merger has been completed, the agency gave Rentokil a deadline of April 23 to make proposals to address its concerns or face an in-depth investigation. "Having considered a wide range of evidence, it (CMA) has found there could be a substantial reduction in competition, which may lead to higher prices or reduced quality for customers," the said in a statement. "While we are pleased that the UK Competition and Markets Authority has found no substantial lessening of competition in the local and regional customer sectors, we will now review the decision in detail and consider our next steps," a spokesman for Rentokil said in an email.
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that there are more than a few examplesRead More...
Shares of the FTSE-100 company, which also provides washroom hygiene services, rose 5.1 pct at 345.8 pence as of 0831 GMT. Rentokil, known for bulking up its business by buying smaller companies, said it acquired a record 47 businesses in 2018. The company also said it expects a slight increase in market expectations for 2019 as its benefits from the momentum of the year.
(Reuters) - 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 ...
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(Reuters) - Britain's competition watchdog said on Friday pest control company Rentokil Initial Plc must sell several large supply contracts to satisfy concerns over its merger with washroom services company ...
The FTSE 100 closed down 0.4 percent, on track for its worst weekly performance since early December, while the more domestically focused FTSE 250 edged higher by 0.2 percent. U.S. Commerce Secretary Wilbur Ross said the United States and China were "miles and miles" from resolving their trade issues, but added that there was a fair chance the two countries would strike a deal.
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Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Rentokil Initial plc (LON:RTO), with a market capitalization of UK£6.1b, rarely draw their attention from the investing Read More...
The bulk annuity insurance "buy-in" allows Rentokil to transfer pension risks for some 14,200 members, and such deals are increasingly common as companies seek to offload pension obligations that otherwise sit on balance sheets, limiting their financial options. British companies are expected to try and offload a record amount of risk linked to their pension schemes in 2019 as growth in life expectancy eases and interest rates rise, making deals more attractive for insurance firms. The "buy-in" signed by Rentokil has been agreed in anticipation of a full "buy-out" of the scheme, the FTSE-100 group said.
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The Zacks Analyst Blog Highlights: BP, OneSavings Bank, Ashmore Group and Rentokil Initial
By Josephine Mason LONDON (Reuters) - British shares slumped to a near two-year low on Friday on growing concerns about slowing earnings growth, with investors punishing Rolls Royce and RBS. The FTSE 100 ...
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The company, which provides cleaning, security and healthcare services, has been restructuring after a string of profit warnings, which it has blamed on rising costs and Brexit uncertainty. Mitie has also formed a preferred supplier partnership with Rentokil, to provide a range of services, including pest control, to Mitie's customers.