Nelson Peltz’s activist hedge fund Trian Partners is among the shareholders reportedly calling for a shake-up at pest control firm Rentokil after a severe drop in its share price. Trian Partners, which has built a fearsome reputation for waging activist campaigns on global boardrooms,

The British exterminator said slower sales in North America and negative currency impacts would see its full-year profits drop compared to last year, to sums of around £700 million

The plunge wiped more than £2bn from Rentokil ’s market value. The London-listed company said that adjusted profits before tax and amortisation this year would be about £700mn, lower than the £776mn that analysts expected and the £766mn it made last year.

Rentokil Initial cut its forecast for adjusted profits for the year, warning that it expected a slower rate of organic revenue growth at its North American business.

Key Takeaways Rentokil Initial shares tumbled Wednesday after the pest-control company warned it would take a $104.5 million profit hit this year.The pest-control company blamed weakness in its North American business and currency fluctuations.

The British-based pest control giant has slashed its profit forecast for the year after expanding its US workforce to meet peak season demand, which fell short of expectations

Rentokil shares dive after pest control giant warns on profits - The Crawley-based company also suggested that it would reduce staffing levels after overspending.