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Breakingviews - Rentokil may be next to nibble at US listing

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Breakingviews - Rentokil may be next to nibble at US listing

Rentokil is an obvious contender to ditch its London listing in favour of the U.S. The $15 billion pest control company's shares fell as much as 16% on Thursday after it revealed that revenue from exterminating bed bugs and vermin was waning in the U.S. market, which rose just 2.2% in the third quarter, a steep decline from the first half, when it delivered 4.1% growth. CEO Andy Ransom said that it is getting harder to win new business due to “the macroeconomic backdrop”.

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Breakingviews - Rentokil may be next to nibble at US listing

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Breakingviews - Rentokil may be next to nibble at US listing

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