Rentokil Initial Plc (RTO.L) Announced, in its third quarter trading update, that ongoing revenue increased by 9.8% in Q3, of which 5.5% was Organic (H1 2019: 4.2%, Q3 2018: 4.1%) and 4.3% was from acquisitions. Ongoing revenue in Pest Control grew by 12.3% (5.9% Organic), with good performances delivered across both Growth and Emerging markets, which grew by 12.2% and 12.7% respectively. Its North American, UK & Rest of World and Latin American operations delivered particularly good growth in the period. The company acquired 15 businesses in the quarter across all of its regions (except Pacific), with annualised revenues of £15 million. 12 Pest Control businesses were acquired, predominantly in North America and Latin America. For the year to 30 September 2019 it has acquired a total of 32 businesses (24 in Pest Control, five in Hygiene and three in Protect & Enhance) primarily in Emerging and Growth markets. Annualised revenues of the businesses acquired so far in 2019 totalled £70 million in the year prior to purchase.
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