CBI exodus: Which firms have quit or suspended their relationship with the lobby group? April 21, 2023 A slew of top firms have quit or suspended engagement with the CBI today after the lobby group was rocked by new allegations of sexual abuse.
Growth for Durex owner Reckitt as punters find new way to warm the home October 26, 2022 CONSUMER giant Reckitt enjoyed another bumper quarter heading into the winter – with strong momentum in one particular category suggesting consumers across the world might have found alternative ways to keep warm amid the energy crisis. The firm said it had seen “strong growth” in its intimate wellness portfolio, which includes Durex and KY, alongside [...]
Subsiding pandemic hits revenue for hygiene products from Reckitt Benkiser October 26, 2022 Hygiene products took a hit for producer of health and nutrition products Reckitt Benckiser, as the firm recorded strong revenue growth elsewhere. The UK-Dutch firm based in Slough reported like-foxlike growth of 7.4 per cent in the third quarter of the year, pulled up by a surge in nutrition and health products. Known for producing [...]
Reckitt chief Laxman Narasimhan steps down September 1, 2022 Consumer goods giant Reckitt Benckiser announced today that chief Laxman Narasimhan will step down from his role at the end of this month as he moves back to the US “for personal and family reasons”.
Reckitt Benckiser announces strong revenue growth as it tackles inflation in the first half July 27, 2022 Reckitt Benckiser reported strong revenues and performance in the first half of 2022 as it continues to tackle the challenging inflationary pressures gripping the global economy. The consumer goods company reported a revenue growth of 8.6 per cent to £3.5bn and saw continued broad-based growth across all of its business units and geographies. Adjusted operating profit [...]
Reckitt Benckiser rakes in £200m for skincare brand E45 as it shifts from ‘a brand-led to a category-led growth strategy’ December 24, 2021 Skincare brand E45 is sold for £200m, its owner, consumer giant Reckitt Benckiser, said this morning. The Slough-based company, which also owns brand including Dettol and Durex, told investors on Friday morning that it is set to sell the business to Swedish group Karo Pharma. In the financial year to December 2020, the E45 brand [...]
Reckitt rakes in £6.5bn revenue but underwhelmed investors see shares sink July 27, 2021 Consumer goods company Reckitt raked in just over £6.5bn in revenue in the past six months, though it fell short of analysts’ sky-high sales expectations. The FTSE 100-listed firm was buoyed by its strong second-quarter revenue, which pulled in some £3bn after selling its Chinese infant formula business for around £1.5bn in June. Shares were [...]
Reckitt to see £2.5bn loss from sale of baby formula business June 7, 2021 Reckitt Benckiser will incur a net loss of £2.5bn on the sale of its baby formula business in China to private equity group Primavera Capital Group. The consumer goods maker said taking into account all costs, including goodwill, it will lose £2.5bn with the sale. Reckitt is selling its infant formula and child nutrition (IFCN) [...]
UK’s sanitising obsession boosts sales at Dettol maker Reckitt Benckiser during Covid pandemic April 28, 2021 The UK Government’s message of “Hands, face, space” during the Covid pandemic is still paying off for hygiene and cleaning products maker Reckitt Benckiser. Reckitt Benckiser reported a higher-than-expected jump in quarterly sales as Brits kept up their heightened cleaning regimens a year into the Covid-19 pandemic, and the company backed its full-year outlook. The pandemic [...]
Dettol-maker reaps benefits of hygiene kick as revenue soars February 24, 2021 Reckitt Benckiser has emerged strongly from the pandemic with like-for-like revenue leaping 11.8 per cent to £14bn in 2020 compared to the previous year. Full year operating profit hit more than £2.1bn compared to a loss of almost £2bn in 2019. The consumer-goods company, which owns Dettol, Harpic and Calgon, reported a 19.5 per cent [...]