Rollins drops after British rival Rentokil warns of weaker US demand

Rollins

11/09/2024 16:05

** U.S. pest control firm Rollins' shares  ROL.N  down as
much as 4.2% at $48.90
    ** Rival British firm Rentokil Initial  RTO.L  warns of
lower annual profit after weaker-than-expected sales in its
largest market, North America, sending its shares down as much
as 20% in London trading hours
    ** RTO says North America sales in July and August came in
lower than anticipated
    ** In contrast, ROL posted Q2 revenue jump in July, helped
by steady demand for its pest control services in the United
States
    ** ROL stock set for its worst day since Jul. 25
    ** Including session's moves, stock up 12.21% YTD

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com))