Rentokil Initial slips as underperformance of US business flagged

  • Rentokil Initial PLC (LSE:RTO) shares fell 1.6% as investors read across to results from US rival Rollins Inc (NYSE:ROL) overnight, which continues to put the UK company's struggling North American business in the shade.  Analysts at Peel Hunt points out that Rollins, the second-largest pest control business in the US and globally, reported a 7.4% organic revenue growth for the first quarter.