IlluMyFi

Profits will fall short of the £776m expected, with the company blaming a slowdown in demand for termite services in North America

Weaker demand for termite extermination services sent shares in Rentokil Initial crashing by 19% after the pest control company warned of lower profits caused by a slowdown in North America.

The FTSE 100 company, which became the biggest pest control company in the world in 2021 with a $6.7bn (£5.14bn) takeover of US rival Terminix, warned that adjusted profits were likely to be below £700m – short of the £776m expected by analysts. Revenue growth in North America was now expected to be about 1% in the second half of 2024.

Sentiment

-0.29

Bearish/Bullish

08.01.25 12:01

by theguardian.com

Rolls-Royce to invest £300m in expansion of Goodwood factory

Luxury carmaker driven to meet demand for bespoke upgrades, after recording third-highest annual sales in 2024

Rolls-Royce Motor Cars has said it will invest £300m in expanding its Goodwood factory in West Sussex to meet the growing demand for bespoke upgrades, after the luxury carmaker recorded its third-highest annual sales in 2024.

The investment will extend the luxury carmaker’s manufacturing facility as it gradually moves away from V12 petrol engines to battery electric vehicles, as well as increasing its capacity to fulfil the whims of some of the world’s richest people.

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