Reckitt Benckiser Group plc Sponsored ADR (RBGLY)
Job cuts expected as Reckitt declares major business shake-up
Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB), the FMCG giant responsible for the majority of the average Brit's cleaning cupboard, has declared a sweeping reorganisation of its business that will see it dispose of ‘non-core' brands. The FTSE 100-listed conglomerate plans to get rid of Air Wick, Mortein, Calgon, Cillit Bang and other non-core products from its home care range.
Household goods giant Reckitt sustained ‘significant damage' from Indiana tornado strike
Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB), the FMCG giant behind Dettol, Durex, Finish and Gaviscon, sustained “significant damage” to its warehouse in the US state of Indiana during a tornado strike on 9 July. Reckitt confirmed that no employees were harmed, but the Mount Vernon warehouse, an important site for its Mead Johnson Nutrition business, remains non-operational.
Reckitt Benckiser numbers tweaked down by leading investment bank - here's why
Barclays has issued a research note forecasting slower growth for Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB) due to continued destocking of cold and flu products and a sluggish recovery in infant formula. The investment banking arm of the high street lender now expects organic sales growth of 0.4% for the second quarter, down from the previous estimate of 1.6%.
Reckitt Benckiser: Attractive Price For Its Stable Of Brands (Rating Upgrade)
Reckitt, a consumer goods producer, has experienced a decline in share price due to concerns over its nutrition business and ongoing legal issues. Despite underwhelming business performance, Reckitt's hygiene brands have shown growth and the company forecasts 2-4% net revenue growth for the current year. The company's share price has been overly punished, presenting an attractive valuation opportunity with a P/E ratio of 14 and strong brand assets.
Reckitt faces activist investor as baby formula crisis looms
Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB), the consumer goods giant, could have an activist investor to worry about, adding yet another worry for management as its shares continue to slip. Eminence, the asset management firm known for spearheading an activist campaign against Ladbrokes owner Entain, has built around a 0.5% stake in Reckitt, reports revealed.
Reckitt faces activist investor as baby formula crisis looms
Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB), the consumer goods giant, could have an activist investor to worry about, adding yet another worry for management as its shares continue to slip. Eminence, the asset management firm known for spearheading an activist campaign against Ladbrokes owner Entain, has built around a 0.5% stake in Reckitt, reports revealed.
