Rentokil Initial Shares Jump on Broad-Based Organic Revenue Growth
Rentokil's third-quarter revenue rose 4% and the company announced a $200 million buyback. CFO Paul Edgecliffe-Johnson will retire at the end of January.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Shares of London-listed Rentokil Initial, a U.K. provider of pest control, hygiene and workwear services, rose about 9% to 343.5 pence in morning trading. Even after the gain, the stock is still down 23% year to date, according to Dow Jones Newswires.
The company said third-quarter revenue climbed 4% to $1.89 billion. Organic revenue grew 3.4%, which gave management confidence that full-year profit will be in line with market expectations. The North American pest-control unit posted 2.4% organic growth, while the international pest division grew 5.7%. Rentokil also said CFO Paul Edgecliffe-Johnson plans to retire at the end of January for family health reasons. The company has started looking for a permanent successor; if none is found, financial controller Sarah Sergeant will serve on an interim basis.
why it matters
RBC Capital Markets analyst Andrew Brooke said the update showed early signs that new CEO Mike Duffy's measures are improving leads and customer retention. The $200 million buyback adds support to the shares, but the story stays company-specific rather than market-wide.
market impact
Rentokil Initial: strong update and buyback support the company's shares in London
tags
instruments
sources
- Rentokil Initial Shares Rise After Growth Across Business — Dow Jones Newswires, 22 October 2026 at 08:09 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗