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 [...]
Amazon unveils $2bn net zero venture capital fund June 23, 2020 Tech giant Amazon today announced a $2bn (£1.6bn) venture capital fund to help the firm reach its commitment to be carbon neutral by 2040. The Climate Pledge Fund, as the initiative is known, will be used to back sustainable services and technologies that will allow Amazon and other countries to meet their climate targets. Last [...]
Coronavirus: Dettol maker issues alert after Trump’s injection disinfectant comments April 24, 2020 Dettol and Lysol maker Reckitt Benckiser has issued advice telling people not to ingest its products “under any circumstances” after President Donald Trump suggested injecting disinfectants to treat coronavirus. Reckitt Benckiser said: “As a global leader in health and hygiene products, we must be clear that under no circumstance should our disinfectant products be administered [...]
Funeral company Dignity one of the leading risers on London Stock Exchange amid coronavirus fears March 16, 2020 Funeral company Dignity was one of the leading risers on the London Stock Exchange this morning in a bleak pointer to who investors think could do well out of the coronavirus epidemic. Dignity was up 2.5 per cent at 333p this morning, amid a stock market rout that came despite a dramatic intervention by the [...]
Coronavirus concerns see hand sanitiser sales leap 255 per cent March 3, 2020 Coronavirus fears saw sales of hand sanitiser spike 255 per cent in February, according to supermarket data released today. Sakes of liquid soaps also rose seven per cent as shoppers hit the shelves as the number of coronavirus cases outside China rose sharply last month, research firm Kantar said. Sales of household cleaners jumped 10 [...]
Coronavirus: Global stocks spill $3 trillion as Covid-19 sends FTSE 100 staggering February 27, 2020 European stocks tumbled yet again today as fresh coronavirus concerns saw the FTSE 100 sink three per cent this afternoon as stock markets across the world dropped sharply. London’s blue-chip index plunged far below 7,000 points to 6,831.2 today after Australia’s Prime Minister warned the world is on the brink of a coronavirus pandemic. Cases [...]
Reckitt Benckiser: Dettol demand has spiked due to coronavirus worries February 27, 2020 Consumer goods giant Reckitt Benckiser said today it had seen a spike in demand for its Dettol and Lysol disinfectant brands in the wake of the coronavirus outbreak. Pictures of the Dettol label went viral recently because of claims it can kill the coronavirus. Reckitt Benckiser cautioned that as Covid-19 was a novel virus it [...]
Mr Kipling owner Premier Foods makes interim CFO permanent December 10, 2019 Mr Kipling owner Premier Foods has appointed Duncan Leggett as its permanent chief financial officer after he took on the role on an interim basis in August. Leggett, who joined the company in 2011, replaced former finance chief Alistair Murray. Read more: Premier Foods appoints new CEO and chairman The appointment follows a period of [...]
European markets open flat as cautious traders await Brexit showdown October 22, 2019 European markets opened flat this morning, as traders remained cautious ahead of a crucial three days for Prime Minister Boris Johnson’s Brexit deal. The FTSE 100 is trading down at 0.2 per cent, with Anglo American and Glencore taking the biggest gains while Reckitt Benckiser leads the fallers after posting mixed results. The Dax and [...]
Reckitt Benckiser issues second profit warning of the year amid slump in flu medicine sales October 22, 2019 Household goods producer Reckitt Benckiser has slashed its sales forecast for the second time this year, blaming a drought in retail orders of seasonal products as it adapts to life under a new chief executive. Shares fell five per cent in early trading as the firm, which makes Durex condoms and Lysol disinfectant, said it [...]