Indivior share price hit as US rivals hurt profits February 11, 2015 Shares at Indivior crumbled during yesterday’s trade but recovered to be down only 2.4 per cent. The FTSE-listed company which specialises in the production of Suboxone, a substitute used by recovering heroin addicts, was spun off last December from Reckitt Benckiser – the Slough-based health giant whose brands range from Dettol to Durex. The company [...]
Energy, oil and Sky’s football bill hurt FTSE – London Report February 11, 2015 THE UK and Gas index fell 0.6 per cent after crude dropped 2.3 per cent on expectations of persistent oversupply, a stronger dollar and a report showing US crude stockpiles at a record high yesterday. Meanwhile the main index was dragged lower by energy company movements as well as the fallout from Sky bidding for [...]
Inflation report to give clues on rate hike date – London Report February 8, 2015 THE BANK of England’s quarterly inflation report is this week expected to offer an insight into whether historically-low interest rates will be increased this year or next. Howard Archer, of IHS Global Insight, said: “The Bank of England will obviously have to cut its near-term inflation forecasts sharply given that consumer price inflation fell sharply [...]
Competition authorities could weigh on Ball’s bid to buy out rival can firm Rexam February 5, 2015 The scale of the potential merger between can-making giants Rexam and Ball could lead to problems with competition regulators. US giant Ball is only slightly larger than FTSE 250 firm Rexam, and comprise the two largest businesses in the sector globally. The proposed £4.3bn buyout could make sense in extending Ball’s reach globally. [...]
11 of the world’s 100 most sustainable companies are in the UK: Marks & Spencer, BT, and the London Stock Exchange January 22, 2015 The UK is home to 11 of the world's 100 most sustainable companies with Marks & Spencer, BT, and the London Stock Exchange all making it into the prestigious ranking. The other UK-based companies listed were Reckitt Benckiser, Centrica, Unilever, British Land, Sky, Pearson, BG Group and Electrocomponents. Each year media company Corporate Knights produces the ranking which measures companies' sustainability in terms [...]
Reckitt Benckiser is fined £540k for not disclosing dealings January 20, 2015 RECKITT Benckiser, the consumer goods group behind Nurofen painkillers and Finish dishwasher tablets, has been fined £539,800 by the City watchdog for not properly disclosing share dealings by two executives. The Financial Conduct Authority (FCA) slammed Reckitt for having “inadequate systems and controls” in place to monitor share-dealings by its senior executives in its own [...]
Reckitt Benckiser fined half a million for market disclosure failing January 20, 2015 Consumer goods giant Reckitt Benckiser (RB) has been fined more than half a million pounds after failing to make a disclosure to markets correctly. The Financial Conduct Authority (FCA) handed out a penalty of £539,800 for “inadequate systems and controls to monitor share-dealing by its senior executives in its own shares” to the maker of [...]
Durex owner Reckitt Benckiser’s KY bid for lubricant-maker slips on antitrust probe January 7, 2015 Reckitt Benckiser’s bid for personal lubricant-maker KY came unstuck yesterday as regulators ordered a full competition investigation. The combined group owns the Durex and KY brands worldwide, but is awaiting regulatory approval in the UK. The Competition and Markets Authority (CMA) worries it will gain it an unduely dominant position in the market by owning [...]
The 100 City people you need to follow on Twitter this year, day three: Chairmen and chief executives January 7, 2015 Last year was a tough one to be a leader in the City. As regulators got tough on businesses in the finance, energy and infrastructure sectors, there was a moral panic about who pays how much tax, with various companies having their dirty washing put unceremoniously on display. So you can forgive chairmen and chief [...]
FTSE 100 slips on weak British economic data – London Report January 6, 2015 UK SHARES fell for a third-consecutive session yesterday, and the pound traded lower against the dollar, as weaker-than-expected economic data weighed on British assets. The blue chip FTSE 100 fell 0.8 per cent, or 50.65 points, to 6,366.51, bringing its three-day loss total to three per cent. The index fell two per cent on Monday, its [...]