Reckitt fined £20m for price fix November 23, 2011 British consumer goods maker Reckitt Benckiser has been fined €24m (£20m) by the German cartel office for fixing prices on laundry and dishwashing products with German rival Henkel. The German cartel office said Henkel escaped a fine after acting as a whistle-blower and instigating the investigation in 2010. “The two companies coordinated price rises for [...]
DS Smith in £1.3bn deal for packager January 17, 2012 DS Smith is buying the recycled packaging operations of Svenska Cellulosa Aktiebolaget for €1.6bn (£1.3bn) in a move to secure more business from the world’s top consumer goods companies. The company said the acquisition, which excludes two mills in Sweden that use virgin pulp, would be financed by a combination of debt and £466m from [...]
Investors waiting for Greece put the brakes on FTSE rally February 8, 2012 BRITAIN’S blue chips closed a touch lower yesterday as investors awaited more clarity on a Greek debt deal. Greek party leaders gathered to agree reforms needed to secure a new EU/IMF rescue package necessary to avoid a chaotic default that would aggravate Europe’s financial crisis. Rating agency Standard & Poor’s added pressure on negotiations between [...]
CITY MOVES | WHO’S SWITCHING JOBS January 2, 2012 Bank of Ireland Bank of Ireland has appointed Patrick Mulvihill and Pat Butler as non-executive directors. Butler (pictured), who will join the bank’s risk committee and the nomination and governance committee, is a partner at Resolution Group and a former senior director of McKinsey & Co. Mulvihill, who will join Bank of Ireland’s risk committee [...]
CITY MOVES | WHO’S SWITCHING JOBS January 2, 2012 Bank of Ireland Bank of Ireland has appointed Patrick Mulvihill and Pat Butler as non-executive directors. Butler (pictured), who will join the bank’s risk committee and the nomination and governance committee, is a partner at Resolution Group and a former senior director of McKinsey & Co. Mulvihill, who will join Bank of Ireland’s risk committee [...]
FTSE climbs on US data November 29, 2011 BRITAIN’S blue chip index rose yesterday, building on two straight sessions of gains as strong consumer confidence data from the United States offset renewed concerns about the Eurozone debt crisis. The FTSE 100 added 24.24 points, or 0.5 per cent, to close at 5,337 after turning higher in the afternoon, when data showed US consumer [...]
Reckitt boosted by emerging markets October 25, 2011 CONSUMER goods giant Reckitt Benckiser yesterday reported a rise in profits fuelled by its performance in emerging markets, but warned that it faces obstacles to growth. Reckitt, whose brands include Cillit Bang and Nurofen, said it was well positioned to achieve its 2011 targets of a 12 per cent rise in net revenue and a [...]
Reckitt boosted by emerging markets October 25, 2011 CONSUMER goods giant Reckitt Benckiser yesterday reported a rise in profits fuelled by its performance in emerging markets, but warned that it faces obstacles to growth. Reckitt, whose brands include Cillit Bang and Nurofen, said it was well positioned to achieve its 2011 targets of a 12 per cent rise in net revenue and a [...]
Reckitt earnings rise October 25, 2011 British consumer goods group Reckitt Benckiser cautioned of slower growth ahead due to a number of one-off effects as the company matched forecasts with a nine per cent rise in third-quarter earnings. The maker of Cillit Bang cleaners and Nurofen painkillers said growth will slow as it laps an acquisition made late last year and [...]
Reckitt earnings rise October 25, 2011 British consumer goods group Reckitt Benckiser cautioned of slower growth ahead due to a number of one-off effects as the company matched forecasts with a nine per cent rise in third-quarter earnings. The maker of Cillit Bang cleaners and Nurofen painkillers said growth will slow as it laps an acquisition made late last year and [...]