Reckitt stops Suboxone pills in US September 25, 2012 Reckitt Benckiser said yesterday it is to withdraw its Suboxone heroin treatment tablets in favour of a film version in the US over the next six months due to the higher risk of children getting hold of the tablets. The consumer conglomerate said it will stop supply after US data showed that tablets were up [...]
Reckitt profits from emerging markets boost October 24, 2012 SHARES in Reckitt Benckiser climbed higher yesterday after the maker of Finish dishwasher tablets and Nurofen painkillers said strong emerging markets growth helped push third quarter like-for-like sales up by five per cent. Chief executive Rakesh Kapoor said the group had seen an “excellent” performance from emerging markets, and an improved performance in Europe and [...]
Reckitt profits from emerging markets boost October 24, 2012 SHARES in Reckitt Benckiser climbed higher yesterday after the maker of Finish dishwasher tablets and Nurofen painkillers said strong emerging markets growth helped push third quarter like-for-like sales up by five per cent. Chief executive Rakesh Kapoor said the group had seen an “excellent” performance from emerging markets, and an improved performance in Europe and [...]
FTSE edges higher as strong results from Reckitt boost investors’ mood October 24, 2012 BRITAIN’S top share index edged higher yesterday, helped by consumer goods group Reckitt Benckiser’s robust update, although traders said concerns over earnings would limit further moves higher. The blue-chip FTSE 100 index closed up 0.1 per cent, or 6.87 points higher, at 5,804.78 points, recovering slightly from a 1.4 per cent fall on Tuesday. Heavyweight [...]
UK set to celebrate the official end of the recession after Games boost October 21, 2012 THE UK is this week expected to officially exit recession, with news from the Office of National Statistics set to confirm the double dip is over. The ONS will publish its first estimate of third quarter GDP, with analysts predicting impressive growth, due in part to the Olympics. Howard Archer, of IHS Global Insight, said: [...]
What the other papers say this morning November 20, 2012 FINANCIAL TIMES TNK-BP fails in London civil suit bid TNK-BP, Russia’s third-largest oil producer and the subject of a high-profile sale, has failed in its attempt to sue a former director for civil fraud in English courts. A €39m (£31m) freezing order gained by TNK-BP on its former head of logistics, Igor Lazurenko, his wife, [...]
Corporate governance mishap puts Reckitt boss in spotlight October 8, 2012 RECKITT Benckiser, the FTSE-listed consumer giant, could face a probe by the City watchdog after failing to alert the stock exchange that chief executive Rakesh Kapoor had pledged £8.7m worth of shares against a personal loan. The company behind household products such as Strepsil and Gaviscon admitted yesterday that in 2010 Kapoor had put up [...]
Rupert Hume-Kendall lands promotion at Bank of America Merrill Lynch October 9, 2012 Rupert Hume-Kendall, one the most prolific dealmakers at Bank of America Merrill Lynch and short-listed for City A.M.’s investment banker of the year award has just been promoted to a new position within the bank, City A.M. has learnt. He will now be chairman of Global Corporate & Investment Banking for Europe, Middle East and [...]
Rupert Hume-Kendall lands promotion at Bank of America Merrill Lynch October 9, 2012 Rupert Hume-Kendall, one the most prolific dealmakers at Bank of America Merrill Lynch and short-listed for City A.M.’s investment banker of the year award has just been promoted to a new position within the bank, City A.M. has learnt. He will now be chairman of Global Corporate & Investment Banking for Europe, Middle East and [...]
Reckitt Benckiser profits up as firm plots expansion February 8, 2012 British consumer goods group Reckitt Benckiser announced fourth quarter profits were up eight per cent at £546m as it launched a major push into emerging markets to offset sluggish European and North American sales. The firm – responsible for brands including Durex, Finish and Vanish – saw revenues increase to to £2.4bn for the quarter and [...]