Durex owner Reckitt Benckiser is in talks to buy baby formula maker Mead Johnson for $16.7bn February 2, 2017 Reckitt Benckiser (RB), the company behind such household names as Durex, Cillit Bang and Nurofen, is in talks to buy a baby formula manufacturer for $16.7bn (£13.2bn). In a statement this morning, RB said it was in advanced talks with Mead Johnson to buy its shares at $90 each, valuing it at $16.7bn. The company [...]
Single Market blues: The pound’s fallen to its lowest level against the dollar since October January 9, 2017 The pound today fell to its lowest level against the dollar since October last year, after comments by Theresa May caused investors to shy away from the currency. The pound plunged one per cent to $1.2122 in afternoon trading. It also fell more than one per cent against the euro, to a day-low of €1.1491, [...]
Reckitt Benckiser’s Nurofen fine has been tripled by an Australian court after a consumer watchdog appealed December 16, 2016 An Australian court has tripled the fine imposed on Reckitt Benckiser over claims it misled customers over Nurofen to AU$6m (£3.5m). Shares in company behind Durex and Dettol were down 1.3 per cent in early trading. The British drug manufacturer was initially handed a $1.7m fine earlier this year, however, Australia's competition and consumer watchdog appealed [...]
Reckitt Benckiser teams up with Indiegogo to support health and well-being entrepreneurs November 18, 2016 NULL
Growth guidance at the lower end of expectations hits Reckitt share price October 19, 2016 Reckitt Benckiser (Reckitt), the group behind some of Britain's best loved consumer brands, posted third quarter results today that led to its share price falling over three per cent in morning trading. The numbers Like-for-like revenue for the quarter grew by two per cent to £2.6bn, although actual revenue was up 17 per cent as a result of [...]
The pound’s doing what the pound does best October 19, 2016 Of course it was too good to be true. Yesterday, the FTSE 100 rose and the pound was up by more than one per cent against the dollar and the euro. But those who said such a mighty jump to the giddy highs of $1.23 and €1.12 (compared to $1.48 and €1.30 back in June), [...]
Cosmetics giant Coty confirms GHD takeover October 16, 2016 American cosmetics giant Coty has announced a £420m takeover of British-based hair products manufacturer GHD. Coty – whose brand portfolio spans Rimmel, CoverGirl and OPI – said that GHD's high-performance lines of hair straighteners, hairdryers, curlers and other appliances would "further strengthen" its position in the professional hair category. Coty's chief executive Camillo Pane said: "Not only do [...]
These are the FTSE 100 social media winners and losers September 12, 2016 FTSE 100 firms are finally getting the hang of social media and even jumping on the Snapchat bandwagon to build their profile, new research reveals. Seven firms in the blue-chip index now have official accounts on the fledgling messaging service with a further six using the platform in some form. Read more: Google, Facebook and Twitter blasted over [...]
The psychology of gaming: Woobi founder Chaya Soggot reveals the secrets to in-game mobile advertising August 22, 2016 The penetration of mobile gaming shows no sign of letting up. In 2014, 46 per cent of mobile phone users in the US were gaming on their devices, according to Statista. Last year, that figure surpassed the 50 per cent mark, and is expected to hit 63.7 per cent by 2020. But mobile game publishers have [...]