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Rentokil Initial

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Namestring
Rentokil Initial
Legal namestring
Rentokil Initial plc
Company typeenum
Public
Founded yearint
1925
Descriptiontext

Rentokil Initial plc is a London-listed global pest control and hygiene services provider founded in 1925, headquartered in the UK and operating across approximately 90 countries with 62,900 employees serving over 1 million customers. The company is structured around three reportable segments — pest control (the dominant segment after the 2022 Terminix combination), hygiene, and a legacy Workwear business that has been progressively divested or restructured — and operates the world's largest commercial pest control, commercial hygiene, and plants/scenting franchises.

The operating model is service-route based and predominantly recurring. Pest control revenue is generated through scheduled rodent, insect, and wildlife management visits, often under multi-year contracts, while hygiene revenue is generated through washroom, hand hygiene, and air purification consumables and service. Technology is layered into the service: PestConnect connects roughly 350,000 endpoints for remote monitoring; the RADAR mousetrap and Lumnia LED light traps are proprietary connected devices; the myRentokil portal serves 1.1M+ customer locations with 2.5M+ annual pest recommendations; and a North America Innovation Centre opened in 2024 to drive product development. A multi-brand strategy (over 30 brands across North America) preserves local market equity after the Terminix integration.

Commercial model is subscription- and contract-driven with quote-based pricing. FY2025 reported revenue of $6.91B (up 3.8% YoY), with FY2026 guidance of $7.27B; the customer base is fragmented across food and beverage, commercial non-food, residential, and hygiene end-markets, with regulatory compliance in food safety acting as a structural switching-cost driver. Reported customer retention was 80.9%, gross margin 83%, operating margin 15.5%, and free cash flow grew 24.5% YoY.

Short descriptiontext

Rentokil Initial plc is a London-listed global pest control and hygiene services provider operating in 90 countries with 62,900 employees and over 1 million customers, generated through recurring service contracts, proprietary IoT-enabled products, and a multi-brand strategy following the 2022 Terminix combination.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersCamberley, United Kingdom
HQ citystring
Camberley
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
pest control services, hygiene services, commercial disinfection, integrated pest management, plantscaping services
NAICS code1 code
  • Exterminating and Pest Control Services561710
Product category
Pest Control & Hygiene Services
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model4 records
1Pest Control Services
TypeSubscription Recurring
Description

Recurring route-based pest control services delivered through regular service contracts to commercial and residential customers. Services include rodent control, insect control, and wildlife management. Revenue driven by high customer retention and contract-based pricing.

rentokil-initial.com
2Hygiene & Wellbeing Services
TypeSubscription Recurring
Description

Hygiene solutions including washroom products, air care, surface hygiene, hand sanitizers, and floor protection. Delivered through Initial Hygiene brand with recurring service model.

rentokil-initial.com
3One-off Service Revenue
TypeTransaction Fee
Description

Non-recurring pest control services including specialized treatments, one-time jobs, and termite control. Q1 2026 showed 6.1% contribution from one-off job revenue.

rentokil-initial.com
4Plants and Scenting (Ambius)
TypeSubscription Recurring
Description

Interior landscaping, plant displays, Christmas decorations, and ambient scenting services for commercial businesses through Ambius brand.

rentokil-initial.com
Marketing channels8 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components7 values
Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure, Others
Pricing details4 tiers
1Commercial Pest Control Services
ModelSubscriptionBilling cadenceMonthly
Notes

Quote-based recurring service contracts for commercial customers including food manufacturing, food service, and food retail sectors.

rentokil-initial.com
2Residential Pest Control Services
ModelSubscriptionBilling cadenceMonthly
Notes

Quote-based residential service contracts with pricing varying by property size and service scope.

rentokil-initial.com
3Hygiene Services
ModelSubscriptionBilling cadenceMonthly
Notes

Recurring hygiene service contracts including washroom maintenance, air purification, and sanitization services.

rentokil-initial.com
4One-off Services
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Per-visit pricing for specialized treatments, termite control, and one-time pest elimination services.

rentokil-initial.com
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Rentokil Initial is a route-based services company delivering pest control, hygiene and wellbeing, and interior landscaping solutions to commercial and residential customers in 91 countries. Its primary revenue drivers are recurring pest management contracts delivered under the Rentokil and Terminix brands, washroom hygiene services under the Initial brand, and plantscaping and ambient scenting under the Ambius brand, served by more than 22,000 colleagues across global operations.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 6 values shown
  • 80.9% customer retention rate in Q3 2025
+5 more records
Product overview1 text field

Rentokil Initial is a global leader in pest control and hygiene services operating under a multi-brand portfolio strategy. The core pest control offering centers on Rentokil and Terminix brands (operating as Rentokil Terminix), supported by approximately 30 regional brands. Technology-enabled products include PestConnect (IoT-connected monitoring with ~350,000 units), RADAR smart mousetrap, and Lumnia LED fly killers. The hygiene division operates under the Initial brand with Signature, Reflection, and Rapid>SmartHygiene product lines, plus InspireAir 72 air purification. Ambius provides plants and ambient scenting services across 18 countries. The myRentokil portal serves 1.1+ million customer locations with 24/7 reporting and pest recommendations.

Product and service10 records
1Commercial Pest Control Services (Rentokil)
CategoryPest Control
Description

Recurring pest management for commercial customers including food producers, retailers, hospitality, logistics and offices, delivered by employed technicians on scheduled routes with digital monitoring and reporting.

2PestConnect
CategoryPest Control Technology / Monitoring
Description

Connected rodent monitoring service combining smart sensors placed on customer sites with a cloud dashboard, designed for food and pharmaceutical sites that need continuous, auditable rodent monitoring between scheduled service visits.

3Terminix Residential Pest Control
CategoryResidential Pest Control
Description

Annual and recurring residential pest, termite and mosquito control service delivered to US homeowners under the Terminix brand.

4Initial Hygiene Services
CategoryHygiene & Wellbeing
Description

Recurring washroom hygiene, hand sanitisation, air purification and ambient scenting service for commercial premises, delivered on scheduled routes by Initial technicians.

5Ambius Plants & Scenting
CategoryPlantscaping & Wellbeing
Description

Rental and maintenance of live and artificial plants, moss walls, and ambient scenting systems for commercial interiors including offices, hotels, retail and healthcare.

6Lumnia LED Insect Light Traps
CategoryFlying Insect Control Equipment
Description

LED-based fly-killing units supplied and serviced as part of Rentokil's flying insect control service, positioned as a lower-energy, glueless alternative to traditional electric fly killers.

7RADAR Connected Mousetrap
CategoryRodent Control Equipment
Description

Wi-Fi-connected multi-catch mouse trap that notifies Rentokil when a mouse is caught, enabling targeted service visits rather than fixed scheduled inspections.

8myRentokil Customer Portal
CategoryCustomer Service Platform
Description

Online portal providing commercial customers with access to service reports, site audits, recommendations, job status, documents and invoices related to their Rentokil and Initial service contracts.

9Bird Control Services
CategorySpecialist Pest Control
Description

Specialist service combining netting, spikes, deterrents and laser technology to remove pest bird activity from commercial buildings, food production and logistics sites.

10Commercial Disinfection and Specialist Treatment Services
CategorySpecialist Treatment Services
Description

One-off and recurring specialist treatments covering outbreak response, disinfection, bedbug heat treatment and stored-product insect treatments for commercial customers.

Scale indicator12 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Rentokil Initial formed a joint venture with PCI Pest Control in India, combining PCI's operations in 250 locations and 6,900 colleagues with existing Rentokil team to become the biggest pest control service in India.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Joint venture completed bringing together Rentokil Initial's Workwear and Hygiene businesses in 10 countries (principally Benelux and Central & Eastern Europe) with Haniel's businesses in 17 countries operating under CWS-boco brand.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Partnership with Cool Earth to support rainforest protection work in Papua New Guinea, protecting around 1,000 acres of rainforest and preventing release of at least 228,000 tonnes of CO2 emissions.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Charitable partnership raising funds for malaria prevention. Colleagues have raised over £200,000 through bike rides, marathons, and cake sales.

Strategic tierCoreTypeTechnology or Integration
Description

Rentokil Initial is one of the largest users of Google Apps globally, using Google Currents for communication, Hangouts for colleague collaboration, and various Google Apps for smartphones and tablets to boost productivity.

Recent move9 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Market position
Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers8 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI capability5 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature8 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles18 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries4 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A29 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Rentokil Initial

Pest Control & Hygiene Servicesrentokil-initial.com

Rentokil Initial plc is a London-listed global pest control and hygiene services provider operating in 90 countries with 62,900 employees and over 1 million customers, generated through recurring service contracts, proprietary IoT-enabled products, and a multi-brand strategy following the 2022 Terminix combination.

What Rentokil Initial does

Rentokil Initial plc is a London-listed global pest control and hygiene services provider founded in 1925, headquartered in the UK and operating across approximately 90 countries with 62,900 employees serving over 1 million customers. The company is structured around three reportable segments — pest control (the dominant segment after the 2022 Terminix combination), hygiene, and a legacy Workwear business that has been progressively divested or restructured — and operates the world's largest commercial pest control, commercial hygiene, and plants/scenting franchises.

The operating model is service-route based and predominantly recurring. Pest control revenue is generated through scheduled rodent, insect, and wildlife management visits, often under multi-year contracts, while hygiene revenue is generated through washroom, hand hygiene, and air purification consumables and service. Technology is layered into the service: PestConnect connects roughly 350,000 endpoints for remote monitoring; the RADAR mousetrap and Lumnia LED light traps are proprietary connected devices; the myRentokil portal serves 1.1M+ customer locations with 2.5M+ annual pest recommendations; and a North America Innovation Centre opened in 2024 to drive product development. A multi-brand strategy (over 30 brands across North America) preserves local market equity after the Terminix integration.

Commercial model is subscription- and contract-driven with quote-based pricing. FY2025 reported revenue of $6.91B (up 3.8% YoY), with FY2026 guidance of $7.27B; the customer base is fragmented across food and beverage, commercial non-food, residential, and hygiene end-markets, with regulatory compliance in food safety acting as a structural switching-cost driver. Reported customer retention was 80.9%, gross margin 83%, operating margin 15.5%, and free cash flow grew 24.5% YoY.

Rentokil Initial firmographics

Firmographics
Name
Rentokil Initial
Legal name
Rentokil Initial plc
Website
https://rentokil-initial.com
Company type
Public
Founded year
1925
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
Rentokil Initial plc is a London-listed global pest control and hygiene services provider operating in 90 countries with 62,900 employees and over 1 million customers, generated through recurring service contracts, proprietary IoT-enabled products, and a multi-brand strategy following the 2022 Terminix combination.
Ownership category
akta.pro rank

Where Rentokil Initial is headquartered

Location

Headquarters

HQ city
Camberley
HQ country
United Kingdom
HQ region
Europe

Offices3 records

Markets served

Rentokil Initial business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

  1. Pest Control Services: Recurring route-based pest control services delivered through regular service contracts to commercial and residential customers. Services include rodent control, insect control, and wildlife management. Revenue driven by high customer retention and contract-based pricing.
  2. Hygiene & Wellbeing Services: Hygiene solutions including washroom products, air care, surface hygiene, hand sanitizers, and floor protection. Delivered through Initial Hygiene brand with recurring service model.
  3. One-off Service Revenue: Non-recurring pest control services including specialized treatments, one-time jobs, and termite control. Q1 2026 showed 6.1% contribution from one-off job revenue.
  4. Plants and Scenting (Ambius): Interior landscaping, plant displays, Christmas decorations, and ambient scenting services for commercial businesses through Ambius brand.

Pricing tiers

ModelBillingPrice
SubscriptionMonthlyCommercial Pest Control Services
SubscriptionMonthlyResidential Pest Control Services
SubscriptionMonthlyHygiene Services
Unit PricingPay-as-you-goOne-off Services

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Rentokil Initial product offering

Product offering

Core offering

Rentokil Initial is a route-based services company delivering pest control, hygiene and wellbeing, and interior landscaping solutions to commercial and residential customers in 91 countries. Its primary revenue drivers are recurring pest management contracts delivered under the Rentokil and Terminix brands, washroom hygiene services under the Initial brand, and plantscaping and ambient scenting under the Ambius brand, served by more than 22,000 colleagues across global operations.

Product overview

Rentokil Initial is a global leader in pest control and hygiene services operating under a multi-brand portfolio strategy. The core pest control offering centers on Rentokil and Terminix brands (operating as Rentokil Terminix), supported by approximately 30 regional brands. Technology-enabled products include PestConnect (IoT-connected monitoring with ~350,000 units), RADAR smart mousetrap, and Lumnia LED fly killers. The hygiene division operates under the Initial brand with Signature, Reflection, and Rapid>SmartHygiene product lines, plus InspireAir 72 air purification. Ambius provides plants and ambient scenting services across 18 countries. The myRentokil portal serves 1.1+ million customer locations with 24/7 reporting and pest recommendations.

Differentiator

Problem solved

Functional benefit

Products and services

  • Commercial Pest Control Services (Rentokil) Recurring pest management for commercial customers including food producers, retailers, hospitality, logistics and offices, delivered by employed technicians on scheduled routes with digital monitoring and reporting.
  • PestConnect Connected rodent monitoring service combining smart sensors placed on customer sites with a cloud dashboard, designed for food and pharmaceutical sites that need continuous, auditable rodent monitoring between scheduled service visits.
  • Terminix Residential Pest Control Annual and recurring residential pest, termite and mosquito control service delivered to US homeowners under the Terminix brand.
  • Initial Hygiene Services Recurring washroom hygiene, hand sanitisation, air purification and ambient scenting service for commercial premises, delivered on scheduled routes by Initial technicians.
  • Ambius Plants & Scenting Rental and maintenance of live and artificial plants, moss walls, and ambient scenting systems for commercial interiors including offices, hotels, retail and healthcare.
  • Lumnia LED Insect Light Traps LED-based fly-killing units supplied and serviced as part of Rentokil's flying insect control service, positioned as a lower-energy, glueless alternative to traditional electric fly killers.
  • RADAR Connected Mousetrap Wi-Fi-connected multi-catch mouse trap that notifies Rentokil when a mouse is caught, enabling targeted service visits rather than fixed scheduled inspections.
  • myRentokil Customer Portal Online portal providing commercial customers with access to service reports, site audits, recommendations, job status, documents and invoices related to their Rentokil and Initial service contracts.
  • Bird Control Services Specialist service combining netting, spikes, deterrents and laser technology to remove pest bird activity from commercial buildings, food production and logistics sites.
  • Commercial Disinfection and Specialist Treatment Services One-off and recurring specialist treatments covering outbreak response, disinfection, bedbug heat treatment and stored-product insect treatments for commercial customers.

Quantifiable outcome

  • 80.9% customer retention rate in Q3 2025
  • +5 more outcomes

Companies that use Rentokil Initial

Customer profile

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Rentokil Initial technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature8 records

Rentokil Initial partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core and minor.

  • PCI Pest Control (India)coreStrategic or Co-development PartnerRentokil Initial formed a joint venture with PCI Pest Control in India, combining PCI's operations in 250 locations and 6,900 colleagues with existing Rentokil team to become the biggest pest control service in India.
  • Haniel & Cie.minorStrategic or Co-development PartnerJoint venture completed bringing together Rentokil Initial's Workwear and Hygiene businesses in 10 countries (principally Benelux and Central & Eastern Europe) with Haniel's businesses in 17 countries operating under CWS-boco brand.
  • Cool EarthminorStrategic or Co-development PartnerPartnership with Cool Earth to support rainforest protection work in Papua New Guinea, protecting around 1,000 acres of rainforest and preventing release of at least 228,000 tonnes of CO2 emissions.
  • Malaria No More UKminorStrategic or Co-development PartnerCharitable partnership raising funds for malaria prevention. Colleagues have raised over £200,000 through bike rides, marathons, and cake sales.
  • GooglecoreTechnology or IntegrationRentokil Initial is one of the largest users of Google Apps globally, using Google Currents for communication, Hangouts for colleague collaboration, and various Google Apps for smartphones and tablets to boost productivity.

Scale indicators12 records

Recent moves9 records

Expansion highlights6 records

Rentokil Initial competitors and assessment

Company assessment

Market position

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

Rentokil Initial social profiles

Digital presence

Rentokil Initial financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Rentokil Initial leadership team

Management profile

Number of profiles

Profiles18 records

Rentokil Initial subsidiaries and ownership

Company hierarchy

Subsidiaries4 records

Rentokil Initial funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Rentokil Initial M&A and investment

M&A and investment

M&A29 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rentokil Initial

What does Rentokil Initial do?

Rentokil Initial is a route-based services company delivering pest control, hygiene and wellbeing, and interior landscaping solutions to commercial and residential customers in 91 countries. Its primary revenue drivers are recurring pest management contracts delivered under the Rentokil and Terminix brands, washroom hygiene services under the Initial brand, and plantscaping and ambient scenting under the Ambius brand, served by more than 22,000 colleagues across global operations.

Is Rentokil Initial a public or private company?

Rentokil Initial is a public company. It is classified as public and is currently operating.

When was Rentokil Initial founded?

Rentokil Initial was founded in 1925. It employs 5,001 to 10,000 people.

Where is Rentokil Initial based?

Rentokil Initial is headquartered in Camberley, United Kingdom, in the Europe region.

How does Rentokil Initial make money?

Four revenue lines are on record. Pest Control Services are the primary driver. The others are hygiene & Wellbeing Services, one-off Service Revenue and plants and Scenting (Ambius).

Does Rentokil Initial have an API?

No public API is recorded for Rentokil Initial.

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Live signals
Progressive GrocerPredictive Rodent Defense: The New Gold Standard for Retail Food SafetyRetail grocery facilities are shifting from reactive pest control to predictive rodent defense, combining physical exclusion with continuous digital monitoring. Systems like Rentokil's PestConnect provide 24/7 alerts and automated heat maps, enabling faster intervention and streamlined audit compliance. This approach aims to prevent infestations and reduce reliance on traditional rodenticides.American Banking and Market NewsRentokil Initial (NYSE:RTO) Raised to Buy at Stifel NicolausStifel Nicolaus upgraded Rentokil Initial from Hold to Buy, while other analysts issued mixed ratings. The stock opened at $19.95, with an average target price of $31.90 and a Moderate Buy consensus. Institutional investors have recently increased stakes in the company.American Banking and Market NewsRentokil Initial (NYSE:RTO) Stock Rating Lowered by Morgan StanleyMorgan Stanley downgraded Rentokil Initial from an overweight to an equal weight rating. The stock opened at $19.77, with an average analyst rating of Moderate Buy and a consensus price target of $31.90. Other analysts have also adjusted their ratings, with institutional ownership at 9.91%.Investing.comStock Market News | Share News - Investing.com NGMorgan Stanley downgraded Rentokil Initial to 'equal-weight' from 'overweight' and cut its price target to 420 pence from 500 pence, citing tougher U.S. pest control competition. The brokerage noted private equity-backed operators now hold over 16% of revenue among top 100 pest control firms, and Rentokil cut its 2026 acquisition spending guidance to about $120 million.247wallstNobody Cancels This Income: Rollins, Rentokil and EcolabRollins, Rentokil, and Ecolab reported stable customer retention despite two of the three losing nearly half their value this year. Rollins fell 49% and Rentokil 28% while Ecolab rose 7.3%, with all three citing stable retention and pricing. Ecolab raised its full-year EPS guidance to $8.05-$8.25.247wallstNobody Cancels These Contracts: Rollins, Rentokil and EcolabRollins, Rentokil, and Ecolab reported strong customer retention despite share price declines, with Rollins down 49% and Rentokil down 44.95% this year. Rollins' Q2 revenue rose 7.9% to $1.08B, Rentokil's retention improved to 80.7% domestically, and Ecolab raised its EPS guidance to $8.05-$8.25.Ticker ReportRentokil Initial plc (LON:RTO) Stock Has Consensus Target Price of GBX 455.75 According to BrokeragesRentokil Initial shares have a consensus rating of Moderate Buy from eight brokerages, with an average 12-month target price of GBX 455.75. Analysts' price targets range from GBX 405 to GBX 550, and the stock opened at GBX 303.50.Markets DailyRentokil Initial plc (LON:RTO) Stock Now Rated “Moderate Buy” by Sell-Side BrokeragesEight brokerages rate Rentokil Initial with an average "Moderate Buy" recommendation, with five buys, two holds, and one sell. The average 1-year price target is GBX 455.75, and shares opened at GBX 308.70.The IndependentStocks struggle amid oil, bond price volatilityLondon stocks fell on Thursday as investors weighed US-China summit developments and elevated bond yields and oil prices. The FTSE 100 ended down 0.2% at 10,679.99, while the US 10-year Treasury yield rose to 5.11%. Analysts expect volatility to continue amid unresolved geopolitical and economic questions.Evening StandardStocks struggle amid oil, bond price volatilityLondon stocks fell on Thursday as investors weighed US-China summit developments and elevated bond yields and oil prices. The FTSE 100 dropped 0.2% to 10,679.99, while the US 10-year Treasury yield rose to 5.11% and Brent oil climbed to $107.25. Analysts expect volatility to persist amid unresolved geopolitical and economic questions.