Shares in Durex maker Reckitt flop as firm misses expectations Retail 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.
Reckitt: Retiring CFO to be replaced by Nike finance boss Reckitt Benckiser 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 [...]
Ex-media man takes chair role at consumer giant Reckitt Retail & Leisure 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: Growth for Durex owner as it welcomes new CEO April 26, 2023 Durex maker Reckitt Benckiser reported strong revenue growth in the first leg of the year as the consumer goods giant revealed a new chief executive to lead the group. The cleaning products to sexual health company posted like-for-like revenue growth of £3.9bn up 7.9 per cent in the same period last year, as the group [...]
Reckitt Benckiser: Nutrition arm bruised amid baby formula litigation case April 24, 2024 Like-for-like sales at its nutrition arm fell by 9.9 per cent to £591m, which more than offset growth of 7.1 per cent at its hygiene arm and one per cent at its health arm.
The week that was: St James’s Place and Reckitt lead painful few days for the City March 2, 2024 A week in which 50 firms posted their final results was always going to produce some news. St James's Place and Reckitt defined a bruising few days for the Square Mile.
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
Durex-maker Reckitt shakes up top level with new hire June 1, 2023 Durex-maker Reckitt has shaken up its top level management announcing the appointment of new presidents of its health and nutrition divisions. The new hires come two months after the cleaning-products-to-sexual-health company welcomed the appointment of Kris Licht as head of global business – with Licht taking over the role later this year. Patrick Sly, who is [...]
Reckitt: Durex maker’s sales swell as price hikes offset volume slump July 26, 2023 Durex-maker Reckitt Benckiser said ramping up its prices had helped soften the blow of a volume slowdown in the first half of the year as it topped analyst expectations. Reckitt, which also owns Cillit Bang and Dettol among other brands, posted a pretax profit of £1.64bn for the first half of the year, down from [...]
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”.