Rentokil Initial Publishes Annual Report
Why we think this is good
The RNS announcement for Rentokil Initial's Annual Report is generally positive, with the company reporting an improvement in its Climate rating from D to C. This suggests the company is making progress on its environmental initiatives. However, the RNS does not contain any explicit profit upgrades or trading ahead statements, which would be required for a 'very good' sentiment score. Overall, the news is positive but does not meet the criteria for the highest sentiment rating.
Key Points
- Rentokil Initial publishes Annual Report for 2024
- Notice of 2025 Annual General Meeting announced
- Rentokil Initial's Climate rating improved from D to C
Summary
Rentokil Initial plc has published its Annual Report and Financial Statements for the year ended 31 December 2024. The company also announced the Notice of 2025 Annual General Meeting and the Proxy Form for the 2025 AGM.
Additionally, the company noted that following a recalculation by the Carbon Disclosure Project, Rentokil Initial's Climate rating was improved from D to C. This is a positive development for the company's environmental performance.
The broker targets for Rentokil Initial remain largely unchanged, with Deutsche Bank, JP Morgan Cazenove, and RBC Capital Markets maintaining their recommendations and price targets on the stock.