Reckitt Benckiser: Dettol producer shares plunge on baby formula fears Business Shares in Reckitt Benckiser plunged nearly 10 per cent after a US jury found Abbott Laboratories failed to warn consumers about the health risks of its product.
Market shrugs at Durex owner Reckitt’s growth and simplification plan retail Durex condom maker Reckitt Benckiser has pledged to sell off its home care and nutrition brands as part of a simplification drive, instead focusing on health and hygiene.
Reckitt Benckiser: ‘Significant damage’ from tornado will hit baby formula sales Business Baby formula sales at Reckitt Benckiser are set to be hit by “significant damage” to a warehouse which was struck by a tornado, the consumer hygiene company has said.
FTSE 100 giant Reckitt responds to share price plunge as Enfamil baby formula lawsuits mount March 15, 2024 The trial was the first of several hundred trials that are set to come to court surrounding the baby formula.
FTSE 100 close: London sinks into the red as shares in St James’s Place crash, Reckitt and Taylor Wimpey fall February 28, 2024 Shares in St James Place plummeted after it slashed its dividend and warned that costs connected to complaints would be a drag on growth in the coming year.
Shares in Durex maker Reckitt flop as firm misses expectations February 28, 2024 Shares in Durex condom maker Reckitt Benckiser have flopped over nine per cent after the firm missed analyst expectations and revenues showed signs of slowing.
Ex-media man takes chair role at consumer giant Reckitt November 15, 2023 Reckitt told markets this morning that the business mogul would replace the former frontman for Mattel who held the role for almost a decade.
Reckitt announces £1bn share buyback programme amid revenue growth October 25, 2023 Consumer goods giant Reckitt will kick off a £1bn share buyback after strong growth in health and hygiene divisions
New Reckitt Benckiser chief to take reins next month as Durex maker looks for ‘smooth’ transition September 1, 2023 Consumer health giant Reckitt Benckiser has announced new chief Kris Licht will take over the reins from 1 October as chief Nicandro Durante stands down The FTSE 100 firm announced Licht as its new chief executive in April this year and he has been working alongside current boss Durante since the beginning of May. Reckitt [...]
Reckitt: Retiring CFO to be replaced by Nike finance boss August 23, 2023 Consumer goods giant Reckitt has announced the retirement of its chief financial officer, Jeff Carr, drafting in a business veteran from Nike to replace him. The firm said that Carr will step down next March after nearly four years at the company, with Reckitt praising him for his reducing its net debt and guiding the [...]