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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The FTSE 100 gained 0.5% to 7,343.8 in early afternoon trading on Wednesday as upbeat earning from the US and Europe helped improve sentiment. “The FTSE 100 was higher on Wednesday morning, buoyed by some positive corporate results and news from the US overnight as Microsoft and Alphabet reported numbers which were not as bad […]

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Reckitt Benckiser shares increase 1.4% to 6,300p in early morning trading on Friday, after the consumer goods firm reported a 5.6% boost in total net revenue to £3.4 billion in like-for-like sales in its Q1 2022. The group said it attributed its growth to continued broad-based growth and market share momentum across all businesses and […]

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Reckitt made £6.5bn in revenue over the past six months Reckitt (LON:RKT), the FTSE 100 consumer goods group, confirmed the impact of inflation on its Q2 results as commodity costs rose sharply. The manufacturer of Dettol and other such cleaning products said its sales slowed down as the high levels of demand seen at the […]

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Reckitt Benckiser will retain an 8% stake in the business Reckitt Benckiser (LON:RKT) will make a £2.5bn loss by selling its underperforming baby formula business in China to a private equity company called Primavera Capital Group. The FTSE 100 consumer goods company took over the business four years ago as part of its acquisition of […]

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Reckitt Benckiser sales grew by 11.8% in 2020 Reckitt Benckiser (LON:RB) reported its highest ever full-year sales growth as the coronavirus pandemic caused a surge in demand for the company’s products.  The consumer goods company, which sells Dettol and Lysol disinfectants, announced its sales grew by 11.8% to £14bn, with e-commerce sales growing by 56%.  […]

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Reckitt Benckiser (LON:RB) sales grew by 2 percent in the last quarter, falling shy of the 2.8 percent growth estimated by analysts. The health, hygiene, and home products producer put the miss down to “flagged issues in Korea, Russia and our Scholl innovation.” Reckitt Benckiser suffered a large exceptional charge in first half earnings tied […]

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