Rentokil maintains annual guidance, sells City Link business

Pest control and hygiene giant Rentokil Initial reported weaker first quarter pre-tax profit and confirmed that it has sold its City Link business to focus on its pest, hygiene and workwear businesses.

Pest control and hygiene giant Rentokil Initial reported weaker first quarter pre-tax profit and confirmed that it has sold its City Link business to focus on its pest, hygiene and workwear businesses.

The group reported an 11.7% decline in pre-tax profit to £9.8m during the quarter ended March 31st compared to the same period a year earlier. Revenue, at constant exchange rates, increased to £633.1m from £616.4m.

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