The outlook for UK pest control firm Rentokil is looking bleak as management reported poor second-half results in February and warned that first-half 2005 results will probably be even worse.
But there is a silver lining for debt investors. Rentokil’s new chief executive Doug Flynn looks set to take the most bondholder-friendly option for addressing the firm’s problems: muddling through and hoping that increased spending on sales and marketing will result in organic growth.
A planned asset dis
The week on Risk.net, July 7-13, 2018Receive this by email