News Column

Rentokil reports rise in profit

August 2, 2014

BRITISH services firm Rentokil Initial said it planned to buy more businesses in Asia and Latin America, after a 7.7 percent rise in half year operating profit.

Chief Executive Andy Ransom, who took over the role in October last year, told Reuters that he planned to spend up to 80 million pounds on acquisitions this year to boost its core businesses of pest control, hygiene and work wear.

He said: "We've got a really full M&A pipeline, lots and lots of exciting opportunities ."

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Source: Herald, The (Scotland)

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