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 ...

NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Rentokil Initial plc ("Rentokil" or "the Company") (NYSE: RTO). Investors who purchased Rentokil securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/RTO. Investigation Details On September 11, 2024, Rentokil disclosed that it expected full-year adjusted pretax profit of ...

Core Insights - Rentokil Initial shares fell significantly after the company announced a profit hit of $104.5 million for the year due to weak performance in North America and currency fluctuations [1] Group 1: Financial Impact - The company expects a reduction in full-year earnings by 80 million pounds ($104.5 million) primarily due to slow sales in North America and negative currency impacts [1] - Rentokil anticipates a loss of 20 million pounds ($26.1 million) in adjusted operating profit from its North American operations due to slower revenue growth [1] - An additional 50 million pounds ($65.2 million) hit to adjusted operating profit is attributed to higher-than-expected expenses on materials and consumables [1] Group 2: Operational Challenges - The company ramped up operations to meet peak season demand in North America but faced slowing demand, leading to over-resourcing in sales and service [1] - Despite some positive sales momentum in the second quarter, the trading performance in July and August was lower than anticipated [1] Group 3: Currency Effects - The appreciation of the pound against the U.S. dollar is expected to create an additional headwind of 10 million pounds ($13 million) for the company if current rates persist [1] Group 4: Market Reaction - Following the profit warning, Rentokil Initial shares dropped 21% to $24.94 in intraday trading, marking a nearly 13% decline in value since the beginning of the year [1]

U.S. stocks traded mostly lower midway through trading, with the S&P 500 falling around 0.5% on Wednesday. The Dow traded down 0.94% to 40,352.38 while the NASDAQ rose 0.17% to 17,054.94. The S&P 500 also fell, dropping, 0.52% to 5,466.77. Check This Out: Wall Street's Most Accurate Analysts Give Their Take On 3 Materials Stocks Delivering HighDividend Yields Leading and Lagging Sectors Information technology shares fell by just 0.3% on Wednesday. In trading on Wednesday, financials shares dipped by 2.4%. T ...

/Not for distribution to U.S. news wire services or for dissemination in the United States/ VANCOUVER, British Columbia, Aug. 02, 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 it has entered into a binding letter of intent (the "LOI") with 3Win Corp. ("3Win") dated August 1, 2024 to effect a transaction that will result in the reverse take-over (the "RTO" ...

Four months ago at our prelim results, we set out our detailed plan to reinvigorate organic growth in our North America Pest Control business. We explained our model, which you can see on the slide there, with opportunities for growth from both existing and from new customers. To date, we've invested around $21 million of the $25 million we committed at the prelims. And that's gone into brand marketing, lead generation and into new sales and marketing talent. I'm pleased to say that whilst it's still early ...

Another notable valuation metric for RTO is its P/B ratio of 3.09. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, SGSOY has a P/B of 28.43. These metrics, and several others, help RTO earn a Value grade of B, while SGSOY has been given a Value grade of C. RTO is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metr ...

Core Viewpoint - The analysis indicates that Rentokil Initial PLC (RTO) is a more attractive option for value investors compared to UL Solutions Inc. (ULS), based on various valuation metrics and rankings [4][9]. Valuation Metrics - RTO holds a Value grade of B, while ULS has a Value grade of C, indicating RTO is perceived as more undervalued [3]. - RTO has a P/B ratio of 3.13, significantly lower than ULS's P/B ratio of 12.32, suggesting RTO is more favorably valued in terms of its book value [6]. - The forward P/E ratio for RTO is 20.68, compared to ULS's forward P/E of 28.99, further indicating RTO's relative undervaluation [8]. Earnings Outlook - RTO has a Zacks Rank of 2 (Buy), reflecting positive revisions to its earnings estimates, while ULS has a Zacks Rank of 3 (Hold), suggesting a less favorable earnings outlook [7]. - RTO's PEG ratio is 2.81, which is more favorable than ULS's PEG ratio of 6.63, indicating RTO's expected earnings growth is more reasonably priced [8]. Investment Recommendation - Given the combination of RTO's superior Zacks Rank, better Value grade, and more favorable valuation metrics, it is positioned as the better choice for value investors at this time [9].