Rentokil Initial PLC

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• Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday Ahead of Fed Policymakers Speeches, from 6 hours ago by MT Newswires

  6 hours ago by MT Newswires
  Companies Mentioned: RTO, TTE, NRXP, DUOL, IZM, EFX
  08:15 AM EDT, 04/18/2024 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.3% and the actively traded Invesco QQQ Trust (QQQ) was 0.4% higher in Thursday's premarket activity, ahead of talks by key US Fede...

• DJ Rentokil's North America Business Slightly Disappointed -- Market Talk, from 10 hours ago by Dow Jones

  10 hours ago by Dow Jones
  Companies Mentioned: RTO
  
  0853 GMT - Rentokil Initial delivered 1Q revenue growth in line with expectations and organic growth seems positive despite a slight miss, Jefferies analysts say in a note. However, the pest-control, hygiene and workwear services provider reported a somewhat disappointing performance in North America pest control, with revenue growth of 1.5% against a 2% target, they highlight. Pest control revenue growth in the rest of the world, along with the hygiene and workwear segment, were solid enough, they add. "However, we note encouraging comments on exit rates on leads and traction in early April, while key performance indicators on Terminix integration remain strong and no change to full-year outlook," they say. Shares are down 2.9% and down 28% on a 12-month basis. (michael.susin@wsj.com)
  

• DJ Rentokil's Update Doesn't Bring Surprises -- Market Talk, from 11 hours ago by Dow Jones

  11 hours ago by Dow Jones
  Companies Mentioned: RTO
  
  0736 GMT - Rentokil Initial's first-quarter performance was in line with expectations and didn't include any surprises given that full-year results were only released five weeks ago, RBC Capital Markets analyst Andrew Brooke says in a note. The pest-control, hygiene and workwear services provider's revenue grew 1.5% in North America, compared with guidance of around 2% and RBC's forecast of 2%, they say. Despite the slight miss, the update provides confidence that management is on top of the business with easier comparatives ahead and investment in sales and marketing expected to yield benefits, the analyst adds. Shares are down 3.7%, and down 29% over the past 12 months. (michael.susin@wsj.com)
  

• *DJ Rentokil Initial 1Q Revenue Up 4.9%, from 12 hours ago by Dow Jones

  12 hours ago by Dow Jones
  Companies Mentioned: RTO
  
  By Michael Susin
  
  Rentokil Initial backed its full-year expectations after first-quarter sales increased on stronger prices.
  
  The pest-control, hygiene and workwear services provider said Thursday that it continues to expect 2024 organic revenue growth in North America of between 2% and 4%. Quarterly organic revenue in the region was up 1.5%.