FTSE 100 slides as Brexit and impeachment worries hit markets September 25, 2019 Britain’s FTSE 100 benchmark is braced for its worst day in a month after dipping this morning following dramatic political developments on both sides of the Atlantic yesterday. The blue-chip index opened 0.5 per cent down before sliding further to almost 0.9 per cent, with investors fearing news of an official impeachment inquiry into president [...]
Dividends for AIM-listed firms soar to record heights September 9, 2019 The dividends paid by companies listed on the stock exchange’s Alternative Investment Market (AIM) exchange reached record highs in the first half of the year, and are on track to beat 2018’s record full-year total of £1.1bn. First-half AIM dividends climbed 23.9 per cent year on year to £633m, according to new figures from Link [...]
Mr Kipling owner Premier Foods appoints new CEO and chairman August 30, 2019 Premier Foods has appointed a Reckitt Benckiser veteran as its new chairman and promoted its UK managing director to the role of CEO. The Mr Kipling maker welcomes ex-Reckitt chief financial officer Colin Day as chairman, while UK MD Alex Whitehouse takes the helm at the British giant. Read more: Premier Foods eyes up ex-Reckitt [...]
Purdue to settle for up to $12bn in opioid lawsuits August 27, 2019 Oxycontin-maker Purdue Pharma is set to cough up between $10bn (£8bn) and $12bn to settle more than 2,000 lawsuits over its role in America’s opioid crisis, according to reports. Last week, at least 10 state attorneys general met with lawyers for the Sackler family, which controls the firm, to discuss a deal, NBC reported, citing sources. [...]
Premier Foods eyes former Reckitt finance boss as new chair August 15, 2019 The former finance boss of Reckitt Benckiser is said to be in the running to take over as chair of Mr Kipling and Angel Delight owner Premier Foods. Colin Day, who until last year was chief executive of cigarette filter manufacturer Essentra, is one of a small number of candidates for the role, Sky News [...]
Reckitt Benckiser cuts full-year guidance after ‘slow start to the year’ July 30, 2019 Consumer goods company Reckitt Benckiser cut its full-year revenue guidance today, blaming poor performance in its health division. The Nurofen-maker said it was cutting its 2019 net revenue target to plus two-to-three per cent like-for-like growth from a previous target of plus three-to-four per cent. For the first half the firm posted a like-for-like performance [...]
Indivior shares soar as Suboxone posts slower market share decline July 11, 2019 Indivior soared on the markets this morning as it raised full-year guidance after its Suboxone lost less market share than was expected. Shares had jumped nearly 40 per cent by around 9am, as the company raised net revenue guidance to between $670m (£495m) and $720m. It had previously forecast revenues of $525m to $575m. They [...]
Reckitt Benckiser agrees $1.4bn settlement in US opioid case July 11, 2019 Reckitt Benckiser said today it has agreed to pay $1.4bn (£1.1bn) to settle a case in the US over its opioid addiction treatment. The London-listed company agreed the fine after being accused by the Justice Department of illegally increasing prescriptions for Suboxone Film. Read more: Reckitt Benckiser picks Pepsico executive for top job The firm [...]
Pepsico beats analyst expectations in second quarter results July 9, 2019 Pepsico reported boosted revenue growth and profit today, beating analyst expectations in its second quarter results. The company, which owns brands such as Pepsi, Doritos and Tropicana, said net revenue growth was 2.2 per cent in the second quarter and 2.4 per cent in the year-to-date. Read more: Reckitt Benckiser picks Pepsico executive for top [...]
Reckitt Benckiser picks Pepsico executive for top job June 12, 2019 Pepsico’s chief commercial officer Laxman Narasimhan has been appointed as the new chief executive of Reckitt Benckiser, beating a selection of internal candidates. Narasimhan will join the consumer goods company, which owns brands such as Dettol and Nurofen, as an executive director from 16 July before succeeding Rakesh Kapoor as group chief executive on 1 [...]