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Rentokil reveals FX anxieties for 2018

Rentokil reveals FX anxieties for 2018

Shares in pest control giant Rentokil Initial (RTO) dipped on release of the group’s 2017 results, as it revealed that negative foreign exchange movements could hit statutory profits and cash flows to the tune of £10m-£15m through 2018. Long-term investors, however, will note operational improvements for the period under review, evidenced by rising free cash flow and net debt down by around a quarter.

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