Shares in Rentokil leap as pest control giant trims costs
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shares in Rentokil have leapt higher after the world’s largest pest control firm reported rising sales and cost-cutting action to bolster its performance in the US. We are expanding our initiatives to increase organic growth and we are taking action to mitigate cost overruns Rentokil chief executive Andy Ransom Since then, the firm said it has taken action to reduce its cost base, including more tightly managing overtime and staffing as it moves away from the typical “peak” summer season. “We are expanding our initiatives to increase organic growth and we are taking action to mitigate cost overruns.” Rentokil agreed to buy former US rival Terminix in a 6.7 billion US dollar deal in 2021, a tie-up which saw it become the biggest firm in the market worldwide.
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