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RTO Rentokil Initial Plc

412.90
-34.00 (-7.61%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rentokil Initial Plc LSE:RTO London Ordinary Share GB00B082RF11 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -34.00 -7.61% 412.90 415.10 415.60 444.60 410.90 440.00 34,063,261 16:35:13
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Disinfecting,pest Control Sv 5.38B 381M 0.1516 27.40 10.44B

Rentokil Initial's City Link Deliveries Monday Up 5% On Year

08/12/2009 12:17pm

Dow Jones News


Rentokil Initial (LSE:RTO)
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Delivery volumes at Rentokil Initial PLC's (RTO.LN) troubled parcels unit City Link Monday were up 5% year-on-year, suggesting that the business is on target to become profitable in the fourth quarter.

The company delivered 400,000 parcels Monday, the peak day for online shopping in the pre-Christmas rush. It delivered 1.2 million parcels last week.

The figures support Rentokil's forecast for City Link to return to profit in the fourth quarter, and stay profitable for 2010, said head of corporate communications Malcolm Padley.

Rentokil is undergoing a three- to five-year restructuring program after the performance of its City Link business sparked several profit warnings and a change of management.

Separately, Schroders Investment Management Ltd. raised its stake in the company from 13% to 14% after recent share price weakness. At 1146 GMT, Rentokil's shares traded down 3 pence, or 3%, at 98 pence.

-By Anita Likus, Dow Jones Newswires; +44 20 7842 9407; anita.likus@dowjones.com

 
 

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