Reckitt Benckiser Group plc Sponsored ADR (RBGLY)
Reckitt Benckiser results 'good enough' but not out of the woods yet
Shares in Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB) rose almost 4% to a six-month high after the Cilit Bang, Nurofen and Durex maker reported a smaller fall in sales than investors feared. Third-quarter numbers showed group organic sales down 0.5%, beating the average City analyst forecast for a 1.7% decline.
Reckitt Benckiser posts drop in revenue as nutrition wing weighs
Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB) has said sales fell over the third quarter as revenue from its nutrition wing slumped. Like for like revenue declined by 0.5% to £3,46 billion during the quarter, the consumer goods firm said, or by 4.0% on an international reporting standards basis.
Healthcare helps Reckitt beat quarterly sales estimates
Reckitt reported a smaller than expected fall in third-quarter underlying sales on Wednesday, helped by its health business, which makes Nurofen painkillers and Strepsils lozenges.
Reckitt promotional push threatens sales as earnings loom
Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB) will offer up third-quarter results next Wednesday, 23 October reflecting what analysts believe will have seen a drop in sales. Barclays analysts forecast organic sales growth to have fallen by 1.2% over the quarter as weaker prices offset volume growth.
RBGLY vs. CLX: Which Stock Is the Better Value Option?
Investors looking for stocks in the Soap and Cleaning Materials sector might want to consider either Reckitt Benckiser Group PLC (RBGLY) or Clorox (CLX). But which of these two stocks is more attractive to value investors?
Reckitt Benckiser could return £12.5bn after overhaul, says leading investment bank
Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB) could return up to £12.5 billion to shareholders, about 40% of its market value, as part of a major strategic overhaul, according to Barclays. The company plans to shift from a category-first model to a geography-first approach, with asset sales playing a key role.
Reckitt Benckiser has sales and legal risks aplenty as third-quarter results approach
Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB) is facing multiple challenges ahead of its third-quarter results, with Jefferies forecasting a -1% drop in like-for-like sales. Key reasons for the limp forecast include weaker scanner data from the US and the impact of a tornado on the company's nutrition segment, which is expected to be heavily weighted in the third quarter.
Reckitt in talks to sell £6bn homecare portfolio, reports Bloomberg
Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB) is in talks with interested parties to dispose of its £6 billion homecare portfolio, which includes household brands Air Wick, Mortein, Calgon and Cillit Bang, Bloomberg has reported. The reported discussions align with an announcement from the FTSE 100-listed FMCG giant in July that plans to get rid of certain non-core products from its portfolio.
Reckitt initiates discussions on $7.9 billion homecare assets sale, Bloomberg reports
Reckitt Benckiser has initiated early discussions with potential suitors for a sale of its homecare assets, which could be worth over 6 billion pounds ($7.89 billion), Bloomberg News reported on Tuesday.
Reckitt restructuring will see 30% of business divested - analyst
Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB)'s dramatic upheaval plans will result in the divestment of approximately 30% of its business, according to analysis from UBC. Announced alongside an interim trading update on Wednesday, the restructuring forms part of Reckitt's strategy to sharpen its brand portfolio and streamline its operations, focusing on higher-growth, high-margin Powerbrands.
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.
