Plus   Neg

Rentokil Initial Q1 Ongoing Revenue Up 7.2% At CER - Quick Facts

Rentokil Initial (RTO.L,RTOKY.PK) reported that its first quarter Group ongoing revenue rose by 7.2% year-on-year. Ongoing operating profit increased slightly ahead of revenue in the three months to 31 March 2020. Group net operating margins grew in line with expectations, the Group said.

Rentokil Initial said, while the net impact from the Coronavirus outbreak was not significant for the first 10 weeks of the year, it saw a marked impact in the last two weeks of March. In March, overall Group ongoing revenue was up 4.4%. The Group has decided to withdrew its guidance for the year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The European Commission said Friday that it has signed a deal with Sanofi and GlaxoSmithKline to secure up to 300 million doses of their potential COVID-19 vaccine. Acella Pharmaceuticals recalled certain lots of hypothyroidism medication NP Thyroid in the form of tablets due to super potency, the U.S. Food and Drug Administration said in a statement. The company is recalling one lot of 15mg and one lot of 120mg of NP Thyroid that are packaged in 100 count bottles in strengths of 15 mg, and 120 mg, with expiration dates between October 2020 and November 2020. Walmart announced its decision to raise wages for around 165,000 hourly associates across all its U.S. stores starting October, and introduce a team-based operating model in Supercenters. In a tweet, the retail giant said, "Today we're introducing new leadership roles and cross-training opportunities, giving our associates more ways to grow their careers."
Follow RTT