Rentokil enjoys revenue growth as it battles profit warning and activist investor

Pest control specialist Rentokil has posted a revenue increase, as it navigates the fallout from a recent profit warning and pressure from activist investors.

In a market update, the company reported a 3.6% year-on-year revenue rise to £1.44bn for the three months to 30 September, up from £1.39bn, as reported by City AM.

The news sparked an 8% surge in Rentokil's shares in early trading.

Revenue growth was driven by its North American arm, which saw a 1.4% year-on-year increase, while Europe and Asia recorded rises of 4.7% and 6.5%, respectively.

However, currency fluctuations impacted overall revenue, with growth at actual exchange rates remaining flat at £1.38bn.

Rentokil's shares took a hit last month after the company issued a profit warning, citing an £80m operating profit impact due to incr