Essential reading for retailers and suppliers in the home improvement market

Rentokil facing demotion from FTSE

Published: 10 March 2008
Rentokil Initial is facing the prospect of being removed from London's FTSE 100 Index.
According to the Press Association, the demotion could come when the quarterly review of the index takes place, based on market valuations at the close of trading, on Tuesday.

Rentokil's relegation caps a miserable month for the company after its shares tumbled in the wake of problems with its City Link delivery arm.

The poorly performing pest control business could see pre-tax profits significantly below 2007's £142 million.

Chairman Brian McGowan is stepping down after four years at the helm, but reports said leading shareholders had called on the company to find a replacement who can also fill the role of chief executive Doug Flynn.

The Sunday Telegraph said Rentokil's senior independent director Peter Long had been told to find a new executive chairman within weeks.

Changes to the FTSE 100 Index will take effect from the start of trading on Wednesday March 26.


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Printable View E-mail Bookmark

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories