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...Shares in the group have fallen more than a quarter over the past year. The company’s push into baby formula through the acquisition of Mead Johnson is widely seen to have been a failure....
...When Goudet took over as chief executive in 2012, JAB Consumer Partners did not exist and the family’s money was principally held in stakes in consumer group Reckitt Benckiser, fragrances business Coty and...
...Yet Friday’s verdict puts the group in a tough spot....
...Shares in the consumer goods group fell 15 per cent on Friday last week as investors digested the news that a court in Illinois had instructed Reckitt to pay $60mn in damages to a mother who said her baby...
...Reckitt’s $17bn acquisition of Mead Johnson in 2017 has been rocky....
...“The restatement for unrecognition of trade spending . . . will not help confidence in controls at [the] group given historic similar issues as well,” analysts at Jefferies said....
...Reckitt Benckiser’s surprise announcement of a £1bn share buyback programme was not enough to satisfy investors on update day, with the consumer goods group’s shares slipping after it reported worse than...
...Reckitt Benckiser’s new chief executive Kris Licht said there was “room to sharpen and improve” in a strategic update on Wednesday, as the company reported lower than expected third-quarter sales volumes.The...
...Reckitt Benckiser has also done some shuffling of its executive team. Hopefully, it will have the same galvanising effect....
...Reckitt Benckiser: The UK-based consumer group’s revenues came in below expectations thanks to falling sales of cold and flu medication, pushing the shares down by a tenth....
...Reckitt Benckiser’s chief financial officer Jeff Carr will step down early next year and will be succeeded at the consumer goods company by Shannon Eisenhardt....
...London’s FTSE 100 fell 0.8 per cent following dismal reports from UK-listed consumer goods firm Reckitt Benckiser and wealth manager St James’s Place....
...Last year, Reckitt was considering a sale of its US infant nutrition business, Mead Johnson, following the disposal of its China business to private equity group Primavera for $2.2bn in 2021....
...Shares in the company, which was spun out of the consumer goods group Reckitt Benckiser in 2014, jumped almost 20 per cent in early trading, before settling up more than 16 per cent by 1pm in London....
...Reckitt’s like-for-like net revenue growth beat expectations at 6 per cent for the half year, driven by price rises and a £100mn innovation investment....
...Responding to Donald Trump’s suggestion in April 2020 that injecting disinfectant might rid the lungs of coronavirus, Dettol manufacturer Reckitt, formerly Reckitt-Benckiser, immediately issued a statement...
...Big share price moves in Europe today include French luxury group Kering, Dutch brewer Heineken and UK consumer goods group Reckitt Benckiser: Kering: Shares in the French luxury conglomerate slipped 4...
...L’Oréal trades at twice the multiple of other businesses such as Unilever and Reckitt Benckiser, although these are lumbering beasts by comparison....
...Reckitt Benckiser has picked an insider who is responsible for some of its biggest brands as its next chief executive, signalling the board of the UK household products group is seeking stability following...
...Reckitt Benckiser has named the head of its health division as the next chief executive of the UK household products group.Kris Licht is to succeed Nicandro Durante, who has run the company on an interim...
...Reckitt Benckiser’s volumes felt the pain from lower post-pandemic disinfectant demand and the impact of Chinese lockdowns in 2022....
...statement, Meta Q1, PZ Cussons Q3 trading update, Raymond James Financial Q2, Reckitt Benckiser Q1 trading update, Wabtec Q1 Thursday Global energy group BP holds its annual general meeting, an event...
...Sales volumes for Reckitt Benckiser’s products sank 5.8 per cent in the final quarter as demand for Lysol disinfectant declined from its highs in the early phase of the pandemic....
...Sales volumes for Reckitt Benckiser’s products sank 5.8 per cent in the final quarter as demand for Lysol disinfectant fell and tough price negotiations with retailers removed some products temporarily from...
...When Laxman Narasimhan gave up his $7.5mn role as head of UK-listed household products group Reckitt Benckiser, he went on to run US coffee chain Starbucks for up to $28mn a year....
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