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 [...]
Clean slate: Dettol-maker Reckitt Benckiser withdraws $1.4bn claim against Indivior January 25, 2021 Reckitt Benckiser will withdraw a $1.4bn claim against Indivior, which in turn will pay the Dettol-maker $50m to end the legal battle related to a US probe into opioid addition. The settlement, which will be paid over five years, offers some respite to the London-listed drugmaker, which was once owned by Reckitt. Reckitt and [...]
Dettol maker Reckitt Benckiser boosts sales on UK hygiene kick during pandemic October 20, 2020 Dettol maker Reckitt Benckiser has continued to flourish throughout the pandemic, as the company today reported a 20 per cent hike in cleaning product sales during the third quarter. The FTSE 100 company, which also owns brands such as Nurofen, Cillit Bang and Durex, reported a 13 per cent jump in overall sales between July [...]
Reckitt Benckiser issues second profit warning of the year amid slump in flu medicine sales October 22, 2019 Household goods producer Reckitt Benckiser has slashed its sales forecast for the second time this year, blaming a drought in retail orders of seasonal products as it adapts to life under a new chief executive. Shares fell five per cent in early trading as the firm, which makes Durex condoms and Lysol disinfectant, said it [...]
Unilever: Why there’s lots to like about this FTSE 100 star April 25, 2019 | City Talk By Graeme Evans from interactive investor. These first quarter numbers have been well received, and this market favourite still has lots to go for. Unilever (LSE:ULVR) shares surged to within a few pence of a record high last week as first-quarter trading figures heightened focus on whether this defensive and reliable dividend payer can offer [...]
Best 25 stocks in the last tax year April 15, 2019 | City Talk By Graeme Evans from interactive investor. The FTSE 100 outperformed mid-caps last tax year, but the top FTSE 350 performers might surprise you. Take a look at the financial year ended on the 5th April, with the 25 top performing stocks in the FTSE 350 all producing gains of 40 per cent or more over the [...]
Indivior share price crashes 70 per cent after allegations of fraudulent drug marketing scheme April 10, 2019 Shares in FTSE 250-listed drug company Indivior crashed 70 per cent this morning after it was hit with a US indictment containing 28 felony counts last night. Its shares were down 70 per cent at 31p this morning. Reckitt Benckiser, its former parent company, saw its shares slide six per cent to 6,014p. Read more: Indivior [...]
Nine UK shares that tick all of Warren Buffett’s boxes March 26, 2019 | City Talk By Kyle Caldwell from interactive investor. Looking for equity-based ISA inspiration? We run through the investment checklist of the Berkshire Hathaway chairman to identify UK shares that pass his stockpicking rules. American investor Warren Buffett is to the world of investment what Lionel Messi is to football: the greatest of his generation in the profession [...]
Cillit Bang maker Reckitt Benckiser shares dive after ‘self-inflicted’ wound hits sales October 30, 2018 Shares in Cillit Bang maker Reckitt Benckiser Group (RB) tumbled over four per cent today as it reported lower sales for its third quarter. The maker of Durex condoms, Gaviscon and infant food brand Mead Johnson Nutrition (MJN) blamed the miss on production problems at a European baby formula factory. Like-for-like sales rose two per cent year [...]