NEW YORK, Nov. 28, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of American Depositary Shares (“ADS”) of Rentokil Initial plc (NYSE: RTO) between December 1, 2023 and September 10, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 27, 2025. SO WHAT: If you purchased Rento ...

Lawsuit Overview - Saxena White P A has filed a securities fraud class action lawsuit against Rentokil Initial plc and certain executive officers under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 [1] - The lawsuit is on behalf of all persons and entities that purchased Rentokil American Depositary Shares (ADSs) between December 1 2023 and September 10 2024 [1] Company Background - Rentokil provides pest control hygiene and wellness services worldwide with three main business lines: Pest Control Hygiene & Wellbeing and France Workwear [2] - Rentokil is the largest global pest control services provider with North America Pest Control accounting for more than half of the Company's annual revenue [2] - Rentokil completed the acquisition of Terminix Global Holdings Inc in a transaction valued at $6 7 billion including $1 34 billion in cash and over 129 million new Rentokil ADSs [2] Allegations - Defendants made materially false and misleading statements and failed to disclose material adverse facts about the Company's business operations and prospects during the Class Period [3] - Rentokil experienced significant ongoing self-inflicted execution challenges integrating Terminix which imperiled the integration plan [3] - Rentokil and Terminix were still two separate businesses that were not yet integrated negatively impacting the Company's business and operations particularly organic revenue growth in North America [3] Financial Disclosures - Rentokil reported organic revenue growth in North America increased by only 1 5% year-over-year for the first quarter of 2024 below the Company's guidance of 2% [4] - Rentokil now expects only 1% organic revenue growth in North America for the second half of 2024 well below the Company's prior guidance [5] - The trading performance in July and August was lower than anticipated with modest disruption to organic growth from branch integration [5] Market Reaction - The price of Rentokil ADSs fell over 9% from a closing price of $28 25 per ADS on April 17 2024 to a closing price of $25 61 per ADS on April 18 2024 [4] - The price of Rentokil ADSs fell over 21% from a closing price of $31 60 per ADS on September 10 2024 to a closing price of $24 95 per ADS on September 11 2024 [5]

SAN DIEGO, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that the Rentokil class action lawsuit, captioned Laborers Local #235 Pension Fund v. Rentokil Initial plc, No. 24-cv-02932 (W.D. Tenn.), charges Rentokil Initial plc (NYSE: RTO) and certain of Rentokil’s top executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Rentokil class action lawsuit, please provide your information here: h ...

Core Points - Amazon's CEO Andy Jassy clarified that the company's return-to-office (RTO) policy is not a strategy for layoffs but aims to strengthen company culture [1][4][3] - The RTO policy requires most corporate employees to return to the office five days a week starting in January, which has faced significant employee pushback [4][5] - Jassy emphasized the importance of physical presence for fostering innovation and collaboration, especially in the rapidly changing tech landscape [6][7] Company Culture and Management - Jassy stated that the RTO policy is about optimizing for culture and collaboration rather than cost-cutting [4][6] - Amazon plans to increase the ratio of individual contributors to managers by at least 15% by Q1 2025 to reduce bureaucracy created during the pandemic [7][8] - The company has introduced a "Bureaucracy Mailbox" for employees to report unnecessary processes, with over 500 emails received and actions taken on more than 150 suggestions [8][9] Employee Sentiment - While 90% of employees Jassy spoke with were excited about the RTO change, over 500 employees signed a petition against it [5][4] - Jassy acknowledged the adjustment required for employees and the need for better communication and understanding of the company's culture [3][6]

Rentokil Initial (NYSE: RTO ) is a service-based business domiciled in Great Britain. Recently, Rentokil disappointed investors by posting lower than expected growth numbers in its new main market, the U.S., for the third time. The shares nosedived 20% as investors worried about the success I focus on investment ideas about companies that pay a (healthy) dividend while you wait for capital appreciation. I like to find good businesses which reward shareholders. The shares of the company should be for a tempo ...

The stock price of Rentokil Initial plc (NYSE: RTO ) has essentially gone sideways for the last five years. In that time, the company has been profitable but there was no real story around the stock, no catalyst. Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in RTO over the next 72 hours. I wrote this article ...

/ Not for distribution to U.S. news wire services or for dissemination in the United States / VANCOUVER, British Columbia, Sept. 28, 2024 (GLOBE NEWSWIRE) -- Digicann Ventures Ltd. ("Digicann" or the "Company") (CSE: DCNN) (OTCPK: AGFAF), a company focused on opportunities within and outside of the cannabis industry, announces that, further to its news release dated August 2, 2024, it has signed a definitive Business Combination Agreement (the "Agreement") dated September 28, 2024 with 3Win Corp. ("3Win") i ...

Key Takeaways An executive of Nelson Peltz's Trian Fund Management was named to the Rentokil Initial board. Brian Baldwin, Head of Research at Trian, will join the board as a non-executive member on Oct. 1. Trian took what it called "a significant position" in Rentokil in June, which the company said totaled 2.26% of shares outstanding. American depositary receipts (ADRs) of Rentokil Initial (RTO) gained Wednesday when the pest-control company announced that an executive from activist investor Nelson Peltz' ...

Pest control maker Rentokil Initial said Wednesday that Trian partner Brian Baldwin would join the Terminix owner's board effective next week. The company said Baldwin, who has worked at Nelson Peltz's firm since 2007, will also join the nominating and compensation committees. The accession comes three months after Trian first disclosed a roughly $400 million position in Rentokil, and two weeks after the company issued a profit warning. Rentokil has struggled since it completed its nearly $7 billion acquisi ...

Amazon corporate employees must return to an office five days a week starting January. Amazon updated its policy to immediately end a remote work benefit for most employees. The benefit was popular. Staff used it to stay close to family while working during the holidays. Insider Today NSIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your ...