Miners and banking stocks dragged the FTSE 100 Index into the red today as concerns over global political unrest hit investor sentiment.

Rentokil Initial unveiled a further restructuring of its ailing City Link operation today after the delivery arm slumped to another loss.

The FTSE 100 Index edged higher today as traders sat on the sidelines ahead of an expected interest rate hike in China this weekend.

Rentokil Initial today said the boss of its troubled parcel delivery service City Link had stepped down amid ongoing trading woes at the division.

Rentokil Initial posted a profit today after a strong performance in its rat-catching division offset ongoing difficulties at its City Link delivery arm.

The FTSE 100 plunged more than 3% into the red today as fears over a worsening global recession ensured a gloomy end to the trading week.

Rentokil Initial today said parcel delivery business City Link remained “significantly loss making” as the group reported a 55.9% slump in operating profits

Pest control-to-hygiene firm Rentokil Initial today said first-half profits slumped by more than half as it battles to revive its ailing City Link business in a worsening economic climate.

Pest control-to-hygiene firm Rentokil Initial today admitted it faced “considerable” challenges in returning the business to health as it gave its fourth profits warning since December.

Pest-control-to-hygiene group Rentokil Initial today outlined a seven-point action plan for its ailing City Link delivery arm after the division’s troubles more than halved first quarter group profits.

A trio of former directors from Dulux paints giant ICI were today charged with reviving pest-control-to-hygiene firm Rentokil Initial.

Housebuilder Taylor Wimpey and pest control firm Rentokil Initial were today facing the boot from London’s FTSE 100 Index.

The FTSE 100 Index lost ground today as profits of £10.3bn (€13.5bn) from Royal Bank of Scotland failed to cheer the financial sector.

Business services firm Rentokil Initial today warned of slumping profits this year amid continuing problems with its City Link delivery arm.

The FTSE 100 Index tumbled back below the 6400 barrier today as investor doubts over plans by central banks to ease the credit crunch knocked 3% off UK blue chips.

London’s blue chip index fell more than 1% today after optimism over moves to pump billions into frozen money markets faded.

Rentokil Initial today warned profits were likely to be £10m (€13.88m) short after weaker consumer spending impacted its City Link delivery arm.