Reckitt Benckiser CEO Laxman Narasimhan became the latest CEO to join the mass leadership exodus from the FTSE 100 on Thursday. Narasimhan’s surprising announcement came as an unwelcome shock to shareholders, with the company’s stock price falling 4.2% to 6,366p in early afternoon trading. His departure marks the 17th CEO to leave a FTSE 100 […]

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Unilever shares gained 2.5% to 4,016.5p in early morning trading on Tuesday following a 14.9% climb in turnover to €29.6 billion in HY1 2022 compared to the last year. The consumer care firm announced a 1.7% uptick in operating profit to €4.5 billion, with an operating margin fall of 200 basis points to 15.2% from HY1 2021. […]

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Consumer spending declined 2.3% year-on-year in December – the largest decline since June 2020 – as tightened coronavirus restrictions resumed their chokehold on UK retailers and hospitality. Figures collated from a report by Barclaycard revealed that the hospitality sector was particularly hard hit, with spending at bars and pubs down by 71.4% and restaurants by […]

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Consumer defensive giant, Unilever (LON:ULVR), looks to take its next step towards becoming the FTSE 100 sustainability trailblazer, as it asks its shareholders to vote on its climate transition action plan. The company said that the move represents “the first time a major global company has voluntarily committed to put its climate transition plans before a […]

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FTSE 250 retailer, Watches of Switzerland (LON:WOSG), saw its shares rally by more than a fifth, after it upped its full-year outlook following a period of surprisingly strong demand. Britain’s main retailer of Rolex, Cartier, Omega, TAG Heuer and Breitling watches, stated that constant currency revenues bounced by around 20% during the first ten weeks […]

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