Rentokil Initial PLC

RTO: XLON (GBR)
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Rentokil Earnings: Shares Dip as Management Announces Restructuring and Removes Margin Guidance

On the face of it, second-quarter results were not disastrous. However, shares fell by 18% in early trading as management revealed weak North American demand, a restructuring of its North American business, and the removal of its 20% North American margin target.

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