Rentokil Under Pressure On All Sides As Dividend Is Cut ; Pest Control
Birmingham Post › August 23, 2008
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Summary
Share in pest control-to-hygiene firm Rentokil Initial fell by six per cent yesterday after it said first-half profits had slumped by more than half as it battled to revive its ailing City Link business in a worsening economic climate.
The firm, which has issued four profits warnings since December, said the troubled delivery arm had stabilised but warned losses would continue for the rest of the year and cut its dividend to shareholders by almost 70 per cent.See the full content of this document
Extract
Rentokil Under Pressure On All Sides As Dividend Is Cut ; Pest Control
The economic slowdown is also hitting its UK pest-control business - with falling revenues in June and July and enquir...
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