Rentokil Initial reported profits for the year to 31 December up just over 10% at £541m on turnover of £2,983m, an increase of 2.9% on the previous year. The company said turnover and profits growth was good in may businesses, particularly in higher margin core businesses such as UK and European textile services and healthcare, UK and European security and UK education and training. Asia Pacifc showed a return to growth in turnover and profits but the USA was 'disappointing'.

Rentokil also announced that it intends to buy back up to 25% of its share capital and is proposing an all share takeover offer for Ratin, a publicly listed Danish company which has a 32% stake in Rentokil Initial.