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 [...]
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 [...]
Indivior plans primary US listing in another hit to London’s flagging equity market February 22, 2024 While the firm said it would look to maintain a secondary listing in the UK, the decision to shift its primary listing marks a big change for the company.
Gerry Murphy: Who is Tesco’s new chair? July 2, 2023 Two months after Tesco’s former chair John Allan stepped down following allegations of sexual misconduct the ‘Big Four’ grocer has appointed boardroom heavyweight Gerry Murphy to fill the role. Dr. Murphy, an Irish businessman, is already the chairman of luxury fashion brand Burberry and sugar manufacturing business Tate & Lyle, however will step down from [...]
Drugmaker Indivior seeks shareholder approval to move primary listing from London to New York April 25, 2024 Opioid dependence treatment maker Indivior has confirmed a plan to move its primary stock market listing from London to New York this summer in yet another blow to the capital's beleaguered bourse.
Surging Dettol demand amid pandemic pushes Reckitt Benckiser’s profit higher July 28, 2020 A surge in Dettol maker Reckitt Benckiser’s hygiene product sales helped the company post a sharp 14 per cent rise in operating profit for the pandemic-struck first half of 2020 today. The figures Operating profit rose 14 per cent year on year to £1.59bn, while profit before tax increased 13.9 per cent to £1.44bn. Revenue [...]