Rentokil heads for worst month since 2008

Rollins

26/10/2023 14:47

** Pest control Rentokil  RTO.L  falls for the ten straight
days, down as much as 11%, as traders keep selling after last
week, the FTSE 100  .FTSE  company warned of weakness in its
biggest market, North America
** Traders say better than expected results at U.S. peer Rollins
 ROL.N  indicate Rentokil's growth slowdown is more
company-specific, rather than market-related 
** Rollins beat Wall Street expectations for Q3 revenue, helped
by strong demand for its pest control services 
** Rentokil down 32% so far in October, heading for biggest
monthly drop since October 2008; last down 9% on the day.
Rollins up 6.7% in New York, down 1.5% MTD

 (Reporting by Danilo Masoni; Editing by Amanda Cooper)