Rentokil revenues gets disinfection boost as businesses reopen

Shares of the FTSE 100 company rose to a record high on Thursday after profit and revenue beat analysts' expectations. Operating in around 80 countries and employing roughly 40,000 people globally, Rentokil's services to hotels, restaurants, schools and the airline industry were stalled by lockdowns, forcing it to lay off some staff, suspend dividends and cut back on spending. "Our Hygiene business, which was more impacted by customer shutdowns, has moved from being considered a low interest (but nonetheless required service) to arguably one of the world's most important business categories," Chief Executive Officer Andy Ransom said.