1313 GMT - Rentokil Initial is likely to report continued strong trading in a third-quarter update Thursday, according to Numis Securities. The brokerage expects robust 2Q trading trends to have continued in 3Q in pest control and hygiene. "Whilst we are cognisant of the headwind to revenue growth from non-recurring disinfection revenues in hygiene, we view our 2021 organic revenue growth forecast of +3.4% (1H21 +11.6%) as very conservative," Numis analyst James Beard says. "Based on commentary at the group's recent capital-markets day, we don't believe input cost inflation is currently a severe impact, apart from certain very localized pockets of wage inflation. We continue to like Rentokil's defensive compounding qualities." (philip.waller@wsj.com)
Rentokil Initial Tipped To Report Strong 3Q Trading -- Market Talk
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