News Digest / Ticker: RTO

Ticker: RTO

08:25am, Wednesday, Sep 11, 2024

Rentokil's Shares Plunge 20% as North American Struggles Persist: A Closer Look at Profit Warnings and Future Prospects

Shares of Rentokil Initial (LSE: RTO) fell 20% after the company lowered profit forecasts due to poor North American sales. CEO Andy Ransom reaffirmed commitment to strategy despite setbacks. The stock has declined 33% since last October, raising concerns among analysts.