All the updated news related to reckitt

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City

Reckitt reveals big price hikes as US baby formula business booms

Dettol maker Reckitt has hiked prices for customers rapidly over the last year yet has continued to sell more products, the company has revealed. The business said on Wednesday that it had increased prices by 9.7% in the second quarter of the year, ...

27 Jul 2022 at 11:11

City

Reckitt boss to leave after three years at the helm

Household goods giant Reckitt has revealed that chief executive Laxman Narasimhan will step down at the end of the month to move back to the US after three years in the role. The Dettol-to-Vanish firm said Mr Narasimhan will leave on September 30 ...

01 Sept 2022 at 09:09

World

Starbucks names Laxman Narasimhan as new chief executive

Starbucks has named Laxman Narasimhan as its new chief executive. The coffee giant said Mr Narasimhan will join Starbucks on October 1 after relocating from London to Seattle, where the firm is based. He will work closely with Starbucks’ interim ...

01 Sept 2022 at 23:30

City

Dettol maker says sales looking strong but warns of inflation

Durex and Air Wick maker Reckitt said it expects sales to be at the top end of market expectations but warned that the cost of production continues to soar. The company revealed sales fell 2.3% in the first three months of the year to £3.4 ...

29 Apr 2022 at 08:55

City

Dettol and Durex maker appoints new boss and hikes prices

The maker of household brands like Dettol, Vanish and Durex condoms has appointed a new chief executive, as it revealed a jump in sales after hiking prices. Reckitt announced the departure of Nicandro Durante, who has been the interim ...

26 Apr 2023 at 10:07

City

FTSE slips as banks lead fallers after NatWest boss resigns

The FTSE 100 took a step back on Wednesday as banking firms saw their shares dented by the fallout from the row over the closure of Nigel Farage’s Coutts account. NatWest Group was the index’s heaviest faller during the session after ...

27 Jul 2023 at 09:08

City

Dettol firm Reckitt slumps after ‘unsatisfactory’ sales drop

Dettol and Durex maker Reckitt has revealed an “unsatisfactory” drop in sales over the latest quarter and pointed towards more modest growth last year. Shares in the household goods company slumped in early trading as it also ...

28 Feb 2024 at 08:51

City

Reckitt unveils £1bn share buyback but reveals lower-than-expected sales

Household goods giant Reckitt has revealed plans to return £1 billion to shareholders through share buybacks as its new boss said there was room to “sharpen and improve” under a strategy overhaul. The maker of brands ...

25 Oct 2023 at 10:57

City

Reckitt shares lift after Dettol and Durex help sales growth

Consumer goods giant Reckitt revealed stronger-than-expected sales for the past quarter, as it cheered growth for brands including Dettol, Durex and Finish. Shares in Reckitt climbed in early trading as investors ...

24 Apr 2024 at 12:36

City

Lemsip and Durex maker Reckitt grows on higher prices and baby formula shortage

The maker of Durex condoms, Lemsip and other products saw its sales drop last year, but more than made up for that by hiking its prices, it revealed on Wednesday. Reckitt said it had swung back into a pre-tax ...

01 Mar 2023 at 09:44

City

Higher prices push down buys but push up revenue for Reckitt

Customers are choosing to buy fewer products from Dettol and Durex maker Reckitt, but are still spending more, the business revealed on Wednesday. The business said that it had jacked up prices by more than ...

26 Oct 2022 at 16:30

City

Reckitt sees sales slide after £100m tornado hit to baby formula

Household goods giant Reckitt Benckiser has revealed falling third-quarter revenues after a £100 million hit to Mead Johnson baby formula powder sales following tornado damage to a key warehouse in the US. ...

23 Oct 2024 at 08:54

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