KPMG plans to hikes fees by up to 20 per cent due to higher cost of staffing May 19, 2022 Big Four accountancy firm KPMG has warned clients it is planning to substantially increase its audit fees, in order to pay for higher salaries. The auditor told its clients it plans to increase fees by between 5 per cent and 20 per cent due to facing higher costs linked to new industry rules and the [...]
Downbeat IMF growth projections weigh on London’s top indexes April 19, 2022 London’s top indexes were weighed down today by the world’s economic watchdog downgrading its forecasts for the UK and global economy. The capital’s premier FTSE 100 index closed 0.2 per cent lower at 7,601.28 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 0.75 [...]
Reckitt Benckiser begins process to ditch Russian arm April 14, 2022 Reckitt Benckiser has started the process to offload its Russian business, following the country's invasion of Ukraine.
Dettol-maker Reckitt Benckiser reports revenue boost February 17, 2022 Dettol-maker Reckitt Benckiser beat analysts’ expectations today as it reported revenues grew to £13.2bn in 2021.
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 [...]
Budget Day: All eyes are on Rishi Sunak’s tax and spending plans October 27, 2021 With all the briefings that have been taking place since the weekend there would appear to be little in the way of surprises when the Chancellor of the Exchequer gets up to speak later today. Most of the content appears to have already been pre-briefed much to the displeasure of the Speaker of the House [...]
Reckitt Benckiser still riding hygiene wave as profits jump October 26, 2021 Hygiene giant Reckitt Benckiser is still riding the wave of the pandemic engineering a shift toward greater cleanliness. The Detol manufacturer posted over £3bn in net revenues in the three months to September, up 3.3 per cent on a like-for-like (LFL) basis compared to the same period last year. Laxman Narasimhan, chief executive of Reckitt [...]
Procter & Gamble hikes prices further as freight costs continue to bite October 19, 2021 Procter & Gamble (P&G) will raise the prices of some of its grooming, oral and skin care products in the U.S. The consumer goods company will apply the increases to specific items such as razors alongside some sub-categories. The price hikes are to counter higher commodity and freight costs that are expected to take a [...]
Who’s Who: Top ten earning FTSE 100 CEOs take home £89.5m August 19, 2021 A new report has revealed that the top ten earning FTSE 100 CEOs took home £89.5m between them in 2020. Pascal Soriot, the chief executive of AstraZeneca, topped the list taking home a healthy paycheck of £15.45m. The report, published by the High Pay Centre, noted that Soriot’s earnings were well above the average pay [...]
US stocks open flat as investors await outcome of Fed meeting July 28, 2021 US stocks were broadly flat on Wednesday morning as investors held off from making any sudden moves until the Fed announces the outcome of its latest round of talks. The blue-chip S&P 500 inched up 0.02 per cent to 4,404 during opening trading, while the Dow Jones lost 0.12 oer cent. The Nasdaq led the [...]