Rentokil stock market

Rentokil stock market

Posted: Yura78 On: 23.05.2017

RTO is a British business services group. It is listed on the London Stock Exchange and is a constituent of the FTSE Index. The Company was founded in by Harold Maxwell-Lefroy , Professor of entomology at Imperial College, London , who had been investigating ways to kill Death watch beetles that had infested Westminster Hall , next door to the Houses of Parliament.

Demand for pest control services began extending beyond rodent control to insect control. British Ratin made its first acquisition, Chelsea Insecticides Ltd in In British Ratin acquired Rentokil, the combined businesses continued to use the Rentokil name, becoming Rentokil Laboratories Ltd.

Rentokil Group plc was listed on the London Stock Exchange in In , the company became Rentokil Initial following the hostile takeover of its much larger competitor BET plc , the acquisition included the "Initial" laundry and washroom services founded in The "Initial" name originated as every towel was marked with the customer's initials, which ensured that customers only received their own towels.

Rentokil Initial - RTO - Stock Price & News | The Motley Fool

Thompson relinquished the CEO role to James Wilde, with Thompson taking up the Chairman role, in January They also presided over a succession of profit warnings, mainly as a result of the problematic integration of the acquisition of Target Express into the existing City Link business.

The Rentokil Tropical Plants business, which had expanded to be an international brand through the acquisition of numerous smaller plant rental companies around the world, was rebranded as Ambius.

In , the Company decided to close its UK Initial laundry business; this was predominantly due to the ageing property and plant that the business operated which had been part of the BET acquisition and the high cost of modernisation. They sold the company back in In , the Company left the FTSE index.

Rentokil strengthened its foothold in the U. In March the company came under the leadership of Chairman John McAdam and CEO Alan Brown, who had respectively served as CEO and CFO at ICI: In , Rentokil acquired Western Exterminator Company, for USD On 1 August , the Company announced that CEO Alan Brown would be stepping down and would be replaced by Andy Ransom on 1 October. Andy Ransom had previously been MD of the Company's West region. On 16 December , the company announced a future joint venture with CWS-boco International GmbH.

In Q1 , the company announced a joint venture with PCI of India to create the largest pest control company in India. In total it acquired 12 companies in the first three months, including Allgood and Heron pest control in the USA. The company's divisions operate under three global brands: Rentokil, Initial and Ambius.

rentokil stock market

From Wikipedia, the free encyclopedia. For the Austrian band, see Rentokill band.

rentokil stock market

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Latest Company News for Rentokil Initial | Stock Market Wire

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Rentokil Initial PLC, RTO:LSE summary - zuwywakybobu.web.fc2.com

This page was last edited on 21 April , at Text is available under the Creative Commons Attribution-ShareAlike License ; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Privacy policy About Wikipedia Disclaimers Contact Wikipedia Developers Cookie statement Mobile view. Camberley , Surrey , UK. John McAdam Chairman Andy Ransom CEO.

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