Reckitt Benckiser announces strong revenue growth as it tackles inflation in the first half July 27, 2022 Reckitt Benckiser reported strong revenues and performance in the first half of 2022 as it continues to tackle the challenging inflationary pressures gripping the global economy. The consumer goods company reported a revenue growth of 8.6 per cent to £3.5bn and saw continued broad-based growth across all of its business units and geographies. Adjusted operating profit [...]
Haleon cautions lower margins as it navigates the market as a standalone business July 27, 2022 Sensodyne-owner Haleon, the world’s largest consumer healthcare company, has cautioned that its operating margins may be lower than last year, after splitting from its parent company GlaxoSmithKline (GSK) earlier this month. Adjusted operating margin for the full year is expected to be slightly down at constant currency, in comparison with the 22.8 per cent growth [...]
Further price rises loom over shoppers after Coca Cola and Unilever reveal hikes July 27, 2022 Shoppers are set to face further wounding price increases in the coming months, as some of the world’s largest consumer goods giants admit that more cost hikes will be passed on to shoppers. Retail chiefs have warned more price increases are on the way, with the British Retail Consortium (BRC)’s Helen Dickinson admitting households and [...]
Movie magic: Everyman cinemas continue to outshine pre-pandemic levels July 27, 2022 Everyman Media Group continues to outshine pre-pandemic levels as movie-goers continue to flock to the big screens.
Revenue climbs for British American Tobacco as cigarette alternatives start to pay off July 27, 2022 Revenue climbed 45 per cent to £12.8bn for British American Tobacco as the company continues to pivot towards cigarette alternatives.
GSK hikes profit and sales forecasts in first results as focused biopharma firm July 27, 2022 GlaxoSmithKline (GSK) has hiked its operating profit and sales forecasts for this year, in its first results as a newly focused biopharma firm. Bosses at GSK now expect adjusting operating profit growth of between 13 and 15 per cent, and sales growth of around six and eight per cent, with guidance lifted by one [...]
Stop throwing around cash promises and cut red tape July 27, 2022 THE Conservative party leadership candidates agree that the British economy is in dire straits. Inflation is biting incomes, growth is stagnant while public services are faltering. In response, Liz Truss backs a bold new approach encompassing supply-side reforms, while Rishi Sunak promises a “radical set of Thatcherite reforms that will unleash growth and strengthen our [...]
The race for Tory leader is out of step with our social media news addiction July 27, 2022 REALISTICALLY, whenever I have the time and can be bothered, I will always turn to traditional news sources instead of simply people on Twitter. But it would be misleading to say this does not require a concerted effort. My incentive to go on social media is instinctively stronger. It’s full of my peers, friends, people [...]
Long Covid-19 deals £1.5bn blow to workers, IFS finds July 27, 2022 Britons suffering from long Covid-19 are missing out on £1.5bn in earnings as a result of being too ill to work, a new study published today reveals. Some 110,000 workers are missing from work because they are on sick leave with lingering symptoms of the virus, according to the Institute for Fiscal Studies (IFS). Each [...]
Billions in US subsidies risk luring British semiconductor firms across the pond July 27, 2022 The $52bn semiconductor subsidy package president Joe Biden is pushing through Congress is a “huge risk” to the UK’s chip making industry. While Britain lacks a clear strategy on computer chips and an advisory board, unlike global competitors the US, Taiwan and Germany, billions in subsidies could lure UK-based businesses across the pond. Asked about [...]
