Rentokil's New Team Takes Axe to Dividend ; Services
Evening Standard - London › August 22, 2008
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Summary
HUNDREDS more jobs are likely to go and shareholders will see a massive cut in their income as the new management team at Rentokil Initial takes the axe to costs and, today, to the dividend.
Alan Brown, chief executive, said: "We are on a three- to five- year journey to profit recovery. We have begun strongly but we have to develop a cost saving agenda.See the full content of this document
Extract
Rentokil's New Team Takes Axe to Dividend ; Services
"Cutting the dividend by 70% will save us [pounds]100 million. We have already identified [pounds]25 million of savings at City ...
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