Rentokil Initial Plc

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Rentokil Initial's profits halve

www.smartbrief.com | Aug 22, 2008

Designed specifically for shopping center industry executives like you, ICSC SmartBrief is a FREE email newsletter delivered 3x/week. It provides the latest need-to-know news and industry information that maximizes your time, giving you an edge over your competition.

http://www.smartbrief.com/news/ICSC/urlDetails.jsp?urlid=A7AC15C1-B8E8-41D2-97C7-698F3B9A1C5C&sb_code=RSS&i=Commercial%20Cleaning%20%26%20Facilities%20Management%20Services

Rentokil Initial lures ICI team with 95m bonus pot

www.smartbrief.com | Mar 20, 2008

Rentokil Initial's new management team are in line for a bumper bonus package of shares worth a maximum of 95 million if they succeed in more than tripling the company's share price to more than 2.80 in the next five years.

http://www.smartbrief.com/news/ICSC/urlDetails.jsp?urlid=1F4D0BCE-2DE8-43DF-8D10-E75855F4DEC1&sb_code=RSS&i=Commercial%20Cleaning%20%26%20Facilities%20Management%20Services

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Rentokil Initial

Rentokil Initial plc employs 70,000 people in over 40 countries offering the strengths and experience of a multi-national organisation, whilst retaining the agility and characteristics of a local company. The business is focused on delivering great service to its wide range of customers.

http://www.initial-hospital-services.com/

News | Gyro International

21 February 2006 – Initial Integrated Services, a Rentokil Initial company, has announced that it has hired Gyro International, the integrated marketing agency, to implement a range of marketing programmes over the coming year.

http://www.gyrointernational.com/press_office/rentokil.html

Dalkia - Supply Partners

These Suppliers are Key to the service delivery that Dalkia provides to it's clients. The Partners might be Specialists or Distributors with whom we have been trading for a number of years, where the purchases are of high value, and where orders are placed via their On-line web site.

http://www.dalkia.co.uk/content.asp?printpage=1&index=&page=172

Rentokil Initial - Legal Statement

These terms apply to you while accessing material on this site and you are responsible for bringing these terms to the attention of anyone who may access such material as a result of you. This site is protected by copyright.

http://www.initial-hospital-services.com/legal.php

 

Rentokil Initial says Ameriprise Financial buys initial 5 percent stake in co - Zibb.com

Rentokil Initial Plc. said Ameriprise Financial Inc. and its group companies have bought an initial 90.79 million shares in the company, representing about 5.003 percent of its issued capital. TFN.newsdesk@thomson.com ran/cmr

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Companies: Ameriprise Financial Inc (AMP), Rentokil Initial PLC (RKLIF)

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Rentokil Initial sees FY adj pretax profit 35 mln pounds below Q1 forecast - Zibb.com

Support services company Rentokil Initial Plc. on Friday cut its 2008 forecast for adjusted profit before tax and amortisation to about 35 million pounds lower than at the time of the first-quarter trading update.

It cited a deteriorating trading in its textiles and washrooms division, and problems associated with the restructuring of its UK washrooms business and the integration of its washrooms and pest control acquisitions in Australia spilling over into the second quarter, as factors behind the lowered guidance.

It added it expects the current problems to continue for "at least the rest of the year".

It said a declining profitability of its UK washroom business has resulted in revenues to fall year-on-year and that it is unlikely that profitability will improve in 2008.

It added its pest control division performed broadly in line with plan during the quarter, but sales slowed in the UK and North American businesses.

TFN.newsdesk@thomson.com apm/lam

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Tags: acquisition   australia   business   profit   sales   tax   textiles  

Companies: Rentokil Initial PLC (RKLIF)

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BROKERWATCH Rentokil Initial started as 'overweight' by Morgan Stanley - Zibb.com

Morgan Stanley has initiated coverage on Rentokil Initial Plc. with an 'overweight' rating and 115 pence price target, implying 48 percent upside potential for the stock.

In a note published on Tuesday, Morgan Stanley said believes the stock more than discounts the cautious assumptions that Rentokil has factored into its forecasts.

Rentokil's third quarter results due in November, when management may set out operational reforms, could act as a catalyst to drive the stock to up to the broker's base case valuation, which implies a 17 percent margin in its Pest Control business by 2011.

The broker noted that a string of profit downgrades has left Rentokil financially less robust than ever before. While Morgan Stanley expects the group to book asset impairment charges, it does not expect Rentokil's debt covenants to be breached.

tf.TFN-Europe_newsdesk@thomson.com jmh/jms

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Tags: book   business   debt   europe   forecasts   note   profit  

Companies: Morgan Stanley (MS), Rentokil Initial PLC (RKLIF)

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STOCKWATCH Detica Group soars after offer approach; Panmure Gordon ups to 'buy' - Zibb.com

Shares in Detica Group Plc. soared more than 15 percent in midmorning deals on Monday after BAE Systems made an offer for the company, leading Panmure Gordon to upgrade the stock to 'buy' from 'hold' and lift its price target to 440 pence from 272 pence.

At 10:40 a.m., Detica Group shares soared 65-3/4 pence to 438 pence, while the FTSE 250 index dropped 57.0 points to 8,810.7.

Earlier on Monday, defence group BAE Systems said it had made a 538-million-pound offer for the national security consultancy.

Reacting, Panmure Gordon upgraded the stock to a 'buy', and raised its price target to 440 pence to reflect the bid, saying BAE is paying a very full price for Detica.

Noting that BAE has limited interest in Detica's non-government security divisions it thinks it could be hoping to sell them on.

Although this might help subsidise the bid, the broker thinks it more likely that key staff, seeing the writing on the wall, will exit voluntarily.

Panmure Gordon called the proposed acquisition "an economically attractive and accelerated implementation" of BAE's strategy to address opportunities in the National Security and Resilience sector. hannah.benjamin@thomsonreuters.com hmb/slj

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Tags: acquisition   government   index   security  

Companies: BAE Systems plc (BAESF)

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