All Reckitt Benckiser articles – Page 3
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News
City snapshot: Reckitt cuts full year forecast after ‘disappointing’ third quarter
Reckitt Benckiser has cut its full year growth expectations after issues in China and the US led to a “disappointing” third quarter. Plus, Devro shuts Scottish factory, new CFO for Ahold Delhaize, trading update from McBride and all the rest of the latest news from the City.
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City snapshot: Reckitt Benckiser agrees $1.4bn US drugs fine
Reckitt Benckiser has agreed to pay a $1.4bn fine to close a US Department of Justice investigation into the sales and marketing of an opioid addiction drug under its former pharma arm. Plus, McBride warns of further sales weakness and all the rest of the latest news from the City.
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Reckitt Benckiser admits to 'slow' first quarter
Consumer health giant Reckitt Benckiser has posted a “slow” start to the year, with overall first quarter like for like growth of just 1%.
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Reckitt Benckiser CEO Rakesh Kapoor to stand down
Consumer health giant Reckitt Benckiser has announced this morning that Rakesh Kapoor will retire from his position as CEO by the end of 2019.
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Baby milk factory disruption hits third quarter sales at Reckitt Benckiser
”FTSE 100 consumer goods giant Reckitt Benckiser saw a 2% drop in headline revenues in the third quarter as weak sales in infant nutrition and the impact of currencies hit its top-line results.
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Fmcg suppliers make new global commitment on plastics
The Ellen MacArthur Foundation today (29 October) launched its New Plastics Economy Global Commitment
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City snapshot: Reckitt Benckiser ups sales targets after baby formula growth
Durex and Clearasil maker Reckitt Benckiser (RB.) lifted sales targets after half-year revenues were boosted by its acquisition of Mead Johnson, Danone’s growth slows after consumer boycotts in Morocco, and the rest if this morning’s finance updates
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Reckitt Benckiser tumbles on weak first quarter growth
Household goods giant Reckitt Benckiser (RB) fell sharply as modest first quarter sales growth failed to meet analysts’ estimates.
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City snapshot: Reckitt Benckiser like-for-likes up 2% in first quarter
FTSE 100 consumer goods giant Reckitt Benckiser has posted 2% like-for-like sales growht in the first three months of the year, despite weak sales of its Scholl and Dettol brands. Plus, Brakes’ first financial accounts under the ownership of US food distribution giant Sysco show a 30% fall in pro-rata operating profits and all the rest of the latest news from the City.
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Credit Suisse downgrades consumer giants over stagnant sales prospects
Broker Credit Suisse has downgraded global fmcg giants Reckitt Benckiser and Kraft Heinz amid concerns a lack of product innovation and foreseeable sales growth will eat into earnings.
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Reckitt Benckiser's shares hit by future performance concerns
Durex maker Reckitt Benckiser’s shares dropped to their lowest level for two years on Monday
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City snapshot: Sales surpass £1bn at McColl's
Annual sales at McColl’s Retail Group smashed through the £1bn barrier last year thanks to the rapid expansion of its store portfolio. Plus, a return to growth in the fourth quarter failed to lift Reckitt Benckiser as the Dettol to Durex maker reported flat like-for-like sales for 2017.
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Mr Sheen makes TV comeback with first live-action advert
The £800,000 Back to Banish Dust push kicks off this evening (4 December)
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Reckitt restructure baffles City analysts
A surprise radical restructure at Reckitt Benckiser left analysts scratching their heads this week
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Reckitt Benckiser restructures as sales decline again
Reckitt Benckiser revealed today it was restructuring the group into two distinct divisions as consumer healthcare and hygiene giant trimmed its full-year forecasts again as trading continued to be challenging.
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City snapshot: Reckitt’s first half sales slip amid portfolio transformation
First half like for like sales fell 1% at FTSE 100 consumer goods firm Reckitt Benckiser despite its “significant progress on portfolio transformation”. Plus, Co-op stores deal boosts sales at McColls, Quorn sales rise amid investment, Cranswick like-for-like sales jump and all the rest of the latest news from the City.
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Hefty McCormick deal for Schwartz stuns analysts
Schwartz herbs and spices manufacturer McCormick swooped to buy the Reckitt Benckiser food division for a “staggering” $4….
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Unilever acquisition of Reckitt Benckiser food brands would be a strategic misstep - analysts
A £2bn-plus Unilever approach for the food business of Reckitt Benckiser, made up of French’s Mustard and Frank’s Red Hot Sauce, would be ‘surprising’, ‘disappointing’ and strategically inconsistent, according to City analysts.
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Comment and Opinion
Who’s to say what a fair share of tax is for multinationals like RB?
It’s easy to be righteous
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Oxfam report slams Reckitt Benckiser over tax: at a glance
A new report by the charity is critical of multinationals it claims do not pay their ‘fair share’ of tax globally