Unilever (LSE: ULVR) and Reckitt (LSE: RKT) are two FTSE 100 stocks operating in the personal and household fast-moving consumer goods sector. Investors like to classify them as defensive companies. That’s because their operations tend to exhibit some immunity to the ups and downs of the wider economy.
Reckitt partners with the Cambridge Centre for Risk Studies as it advances its commitments to carbon neutrality
CAMBRIDGE, England, June 9, 2021 /PRNewswire/ -- Reckitt today announces its strategic partnership with the Cambridge Centre for Risk Studies (CCRS) as it progresses its sustainability ambitions. The partnership advances Reckitt's ongoing commitment to deliver on the Paris Accord and its ambition for carbon neutrality by 2040 while delivering growth and long-term shareholder value.
Reckitt’s deal to sell its China baby formula business helps to draw a line under one of the biggest strategic mistakes in its history. Questions were asked right from the start as to why Reckitt spent so much money buying Mead Johnson, a baby milk group which generated approximately half of its sales in Asia at the time of the acquisition in 2017.
Has there ever been a more value-destructive UK takeover? Rakesh Kapoor spent £13 billion to buy baby milk group Mead Johnson for Reckitts in 2017. Just four years on, the company has been forced to slash £10 billion from the value of the business, which Kapoor said at the time would spearhead the group’s growth in consumer brands, particularly China.
BEIJING, June 5, 2021 /PRNewswire/ -- Primavera Capital Group ("Primavera") today announces that it has signed a definitive agreement with Reckitt Benckiser Group plc ("Reckitt"), a world's leading consumer health, nutrition, and hygiene company, to acquire the Greater China business of the Mead Johnson Nutrition Company ("Mead Johnson", the "Company"), a global leading infant formula and nutrition company owned by Reckitt.
SLOUGH, England, June 5, 2021 /PRNewswire/ -- Reckitt Benckiser Group plc ("Reckitt") announces that it has entered into a definitive agreement to sell its Infant Formula and Child Nutrition business in China1 ("IFCN China") to Primavera Capital Group ("Primavera") for an implied enterprise value of US$2.2 billion.
(Reuters) - British consumer goods maker Reckitt Benckiser Group Plc said on Saturday it was selling its infant formula and child nutrition (IFCN) business in China to investment firm Primavera Capital Group for an enterprise value of $2.2 billion. The Lysol disinfectant and Dettol soap maker will retain an 8% stake in IFCN China and anticipates net cash proceeds to be about $1.3 billion, it said in an emailed statement.
British consumer goods maker Reckitt Benckiser Group Plc (RKT.L) said on Saturday it was selling its infant formula and child nutrition (IFCN) business in China to investment firm Primavera Capital Group for an enterprise value of $2.2 billion. The Lysol disinfectant and Dettol soap maker will retain an 8% stake in the IFCN China unit and anticipates net cash proceeds from the sale to be about $1.3 billion, it said in an emailed statement.
As the UK’s most popular fund manager, when Fundsmith’s Terry Smith sells top British stocks it’s worth paying attention. In November, he dropped consumer goods giant Reckitt (LSE: RKT), formerly Reckitt Benckiser Group, from his flagship investment fund Fundsmith Equity.
June 1(Adds details and background) (Reuters) - M&C Saatchi on Tuesday forecast annual results to be ahead of market estimates this year, as the advertising agency signed new clients ranging from the first digital UK Census campaign to a marketing drive for Tinder across Southeast Asia.
Hull creative agency has also secured proud city heritage client Reckitt Ambitious growth plans have been achieved by Hull creative agency Drunk Animal as it welcomes new hires, opens a new London office and greets a prestigious client in Reckitt. The company pivoted from design and events to content-focus at the start of 2020.
Dettol and Cillit Bang maker Reckitt closes in on $2billion deal for its Chinese infant formula division as it shortlists bidders
The sale of the Chinese business could fetch over $2billion, according to reports China reported its slowest population increase since the first modern population survey in the 1950s this week Dettol and Cillit Bang maker Reckitt has reportedly shortlisted bidders for its infant formula business in China as it looks to exit the country.
HONG KONG May 14 (Reuters) - British consumer goods company Reckitt Benckiser Group has shortlisted bidders including Bain Capital, Carlyle Group and dairy producer Yili to submit binding offers for its Greater China infant formula business, sources said.The group has hired Morgan Stanley to run an auction of infant formula unit Mead Johnson in Greater China, in a deal that could fetch over $2 billion.
Demand for condoms and emergency contraception has increased after lockdown restrictions eased across the UK.While all indoor meet-ups are currently illegal, more people seem to be engaging in sexual activity, resulting in a rise in contraception sales and treatment for STI’s.Dr Jane Dickson, a consultant in sexual and reproductive healthcare at Aneurin Bevan University Health Board in Newport, south Wales told the Sunday Times: “There’s not a major sex fest going on.
I’m on the hunt for low-cost UK shares to add to my Stocks and Shares ISA.Here are two cheap penny stocks that have grabbed my attention today.One for the clean freaks!I’d be very happy to buy UK fast-moving consumer goods (FMCG) share McBride (LSE: MCB) in my ISA.
UK consumer-goods giant Reckitt Benckiser (LSE: RKT) released its first-quarter results yesterday morning.Unfortunately, despite sales growth continuing into 2021, the Reckitt Benckiser share price slid again.Down goes the Reckitt Benckiser share price On Tuesday, the Reckitt Benckiser share price closed at 6,586p (almost £66).
Condom sales have rocketed in countries where lockdowns are easing - particularly in China - according to consumer goods company Reckitt.The firm said people were having less sex at the start of the pandemic last year, which was due to a 'manifestation of anxiety'.But it reported a 'double-digit' increase in sales of Durex - a leading condom brand - in the first quarter of 2021, compared to one year ago.
Growth in transactions in countries where coronavirus restrictions are relaxing Consumer goods giant Reckitt, behind the Durex brand, has seen a rise in sexual wellbeing product sales in parts of the world where Covid rules have eased.Thanks to lockdown restrictions loosening in some countries, particularly in China, the company reported a boost in transactions.
Consumer goods giant Reckitt reveals the disinfectant boom is continuing and condom sales climbed in China after its lockdown lifted
Demand for Lysol and Dettol continues to be strong as people remain vigilant to the spread of Covid-19, bosses at consumer goods giant Reckitt Benckiser said today.In countries where restrictions are easing up, customers are also taking other precautions elsewhere, with the Durex maker reporting a strong rise in sexual wellbeing products, particularly in China.