Rentokil announces a loss on City Link impairments

Business services company Rentokil has this morning announced a 116.2m pound loss before tax for the fourth quarter of 2011, while for the full year the company's red ink comes to 50m pounds.

Business services company Rentokil has this morning announced a 116.2m pound loss before tax for the fourth quarter of 2011, while for the full year the company's red ink comes to 50m pounds.

The main reason behind those losses is the goodwill write-downs incurred by Rentokil to reflect the poor financial performance of its City Link unit.

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