Health and hygiene arm boosts Reckitt Benckiser February 13, 2013 Consumer goods group Reckitt Benckiser beat expectations over the full year, as sales of health and hygiene products led growth. The FTSE 100 consumer giant posted net revenue of £9.6bn over 2012, and full-year adjusted earnings per share of 264.4p, up seven per cent. Chief executive Rakesh Kapoor has shifted focus to fast-growing emerging markets [...]
Bottom Line: Giving up the drug is the right move but one that’s hard to price October 23, 2013 WITH a portfolio comprising everything from mosquito repellents to hair removal cream and dishwasher tablets, Reckitt’s position as a branded consumer goods company is undisputable. But for years now it’s had a bit on the side – a pharmaceutical arm that produces one thing only, a drug called Suboxone that’s used as a replacement in [...]
Bottom Line: Giving up the drug is the right move but one that’s hard to price October 22, 2013 WITH a portfolio comprising everything from mosquito repellents to hair removal cream and dishwasher tablets, Reckitt’s position as a branded consumer goods company is undisputable. But for years now it’s had a bit on the side – a pharmaceutical arm that produces one thing only, a drug called Suboxone that’s used as a replacement in [...]
Bottom Line: This is just the start of the dreaded slowdown October 1, 2013 IT DOESN’T seem to matter what Unilever is selling. From Dove deodorant to PG Tips and Pot Noodles, the group’s emerging markets customers aren’t buying. Except that’s not strictly true. Monday’s profits warning from the consumer goods group didn’t say that sales are set to have fallen in the third quarter, just that growth will [...]
London Report: GDP figures and housing prices reveal recovery October 20, 2013 GROSS domestic product (GDP) figures due on Friday are expected to reveal the UK’s solid recovery prospects, coupled with further good news from Nationwide and Rightmove housing figures earlier in the week. Analysts predict further improvement in the economy, with third quarter GDP expected to rise. “We expect GDP to rise 0.8 per cent quarter-on-quarter. [...]
Analyst Views | Has Reckitt Benckiser got off to a healthy start to 2013? February 13, 2013 GRAHAM JONES | PANMURE GORDON Reckitt’s full-year results came in ahead of expectations, with like-for-like growth of six per cent in the fourth quarter better than our 4.2 per cent forecast, with the outperformance entirely coming in ENA (Europe, North America) where growth was three per cent helped by a favourable cold season. DARREN SHIRLEY [...]
London Report: FTSE stages late rally on hopes of US resolution October 16, 2013 EXPECTATIONS of an imminent deal in Washington to avert a US debt default sparked a late turnaround on Britain’s top share index yesterday. London’s blue chip index rallied off a session low of 6,504.27 to close up 22.48 points, or 0.3 per cent at 6,571.59 after a senior Senate Democrat aide said negotiations on legislation [...]
London Report: FTSE kept flat by Unilever and gold price slide October 1, 2013 LONDON’S top share index closed flat yesterday, as weakness in the gold price and poor sales from Unilever hit miners and consumer staples. The FTSE 100 edged down 2.21 points at the close, flat in percentage terms, to 6,460.01, with mining and consumer staples wiping more than 26 points off the index. Fresnillo fell five [...]
Cough and cold products boost Reckitt’s sales July 29, 2013 RECKITT Benckiser chief executive Rakesh Kapoor said the company’s focus on expanding its health and hygiene arm was paying off as strong demand for brands such as Durex and Nurofen helped boost half-year sales. Kapoor, who took over as chief executive in 2011, has changed the company’s strategy to concentrate on high-margin health and hygiene [...]
London Report: UK’s corporate calendar packed in results season July 28, 2013 THE CORPORATE calendar is packed this week, as businesses including ITV, BP, Lloyds, Barclays and Royal Bank of Scotland update the market amid a swathe of other results. The week begins with figures from Fidessa Group, Hammerson, InterContinental Hotels Group, Intertek Group, JKX Oil & Gas, Keller Group, Senior, Vernalis, Reckitt Benckiser Group, National Grid, [...]