Rentokil Initial shares tumbled 20 per cent on Wednesday after the world’s largest pest control company warned that a slowdown at its key North American business would hit profits. The plunge wiped ...
Rentokil Initial RTO-15.88%decrease ... In July, the company had guided for organic revenue growth in North America to be at the lower end of the 2% to 4% range for the full year.
Rentokil, which made about 60% of its revenue in North America last year, said it would cut an undisclosed number of jobs in its U.S. workforce to address cost overruns. Rentokil now expects full ...