Summary
SHARES in services company Rentokil Initial tumbled almost 4% yesterday after it ruled out breaking up the firm following a 14- week review, and said the group needed to change its "stifling and bureaucratic" culture.
Rentokil, which gave a profit warning and parted company with its chairman and chief executive earlier this year, has been dogged by rumours that buy-out firms are stalking the group to carve it up and sell off its constituent parts.See the full content of this document
Extract
Rentokil Shares Slide As Search for New Chief Begins
However, Rentokil chairman Brian McGowan insisted "not one investor" had asked for a total break-up of th...
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