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...Investors are likely to call for Reckitt to settle, analysts said. However, Reckitt’s chief executive Kris Licht has vowed to overturn the damaging verdict and the company is seeking to appeal....
...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...
...With an enterprise value of £40bn, Reckitt is worth a lot less than the sum of its parts....
...Reckitt has not estimated its potential liability because it is confident it can appeal against the verdict....
...Reckitt’s $17bn acquisition of Mead Johnson in 2017 has been rocky....
...Shares in Reckitt Benckiser fell 10 per cent on Wednesday morning after its 2023 revenues missed expectations on falling sales of cold and flu medication and infant formula, following a boom in 2022....
...Reckitt’s shares tumbled after the maker of Nurofen and Durex condoms announced a drop in its nutrition sales and a revenue hit related to an investigation into its Middle East business....
...HOLD: Reckitt Benckiser (RKT) The new chief executive has set out an updated strategy as volumes continue to stutter, writes Christopher Akers....
...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: 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....
...Reckitt Benckiser has also done some shuffling of its executive team. Hopefully, it will have the same galvanising effect....
...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....
...Reckitt Benckiser’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....
...London’s FTSE 100 was down 0.7 per cent, pulled lower by a 29.2 per cent decline for wealth manager St James’s Place and an 11.4 per cent drop for consumer goods firm Reckitt Benckiser, which owns brands...
...The Abbott closure helped boost profits at Reckitt, which is now the biggest provider in the US. Reckitt bought Mead Johnson in 2017 for $18bn, its largest ever acquisition....
...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...
...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....
...Reckitt Benckiser: Shares in the UK-based consumer goods company slipped 2 per cent after the Durex and Dettol maker missed third-quarter sales expectations....
...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...
...L’Oréal trades at twice the multiple of other businesses such as Unilever and Reckitt Benckiser, although these are lumbering beasts by comparison....
...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 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...
...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....
...Reckitt Benckiser’s volumes felt the pain from lower post-pandemic disinfectant demand and the impact of Chinese lockdowns in 2022....
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