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Fresh profits warning from Rentokil
Jul 25 2008 LDP Business
PEST control-to-hygiene firm Rentokil Initial today admitted it faced “considerable” challenges in returning the business to health as it gave its fourth profits warning since December.
The firm said that full-year profits were now expected to be £35 million lower after seeing sales decline further in its troubled delivery arm City Link.
It reported a “small loss” in its textiles and washroom services business in the second quarter, while the group’s pest control division has also suffered slower revenues in the UK and North America.
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