Ryanair dips, Rentokil rallies (Il Sole 24 Ore Radiocor) - Milan, 22 Jul - In the region's stock market dealings most sectors were higher, while travel and leisure shares underperformed.

Budget airliner Ryanair shares sank 14.84% in London after the company said its quarterly profit after tax had fallen 46% in the three months to the end of June and fares will be lower than expected in the summer months.

Shares in Rentokil Initial jumped 11.18% after the Sunday Times said that the UK pest control and hygiene company could be the target of a takeover bid. The Sunday newspaper said that former BT chief executive Philip Jansen is working on a private equity-backed offer to take over Rentokil.

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(RADIOCOR) 22-07-24 13:40:51 (0332) 5 NNNN