Straits Times Index
3,426.47 -3.98 (-0.12%) Nikkei
37,667.41 -202.10 (-0.53%) Hang Seng
17,021.31 +16.34 (+0.10%) FTSE 100
8,285.71 +99.36 (+1.21%) Bitcoin USD
67,940.26 +2,182.09 (+3.32%) CMC Crypto 200
1,375.03 +44.42 (+3.34%)
Reckitt Benckiser Group plc (RKT.L)
| Previous close | 4,379.00 |
| Open | 4,363.00 |
| Bid | 4,493.00 x N/A |
| Ask | 4,494.00 x N/A |
| Day's range | 4,362.00 - 4,511.00 |
| 52-week range | 4,102.64 - 6,006.00 |
| Volume | |
| Avg. volume | 2,395,425 |
| Market cap | 31.313B |
| Beta (5Y monthly) | 0.09 |
| PE ratio (TTM) | 20.67 |
| EPS (TTM) | 2.17 |
| Earnings date | 24 Jul 2024 |
| Forward dividend & yield | 1.96 (4.48%) |
| Ex-dividend date | 01 Aug 2024 |
| 1y target est | 5,441.88 |
The TelegraphCillit Bang to be sold after 20 years
Cillit Bang, the cleaning brand known for its adverts featuring character Barry Scott, is to be sold off by its parent company after 20 years.
ReutersReckitt to offload homecare brands, consider nutrition options
Reckitt Benckiser will consider options for its troubled nutrition business and offload a portfolio of homecare brands by the end of 2025, it said on Wednesday, planning to refocus on healthcare and hygiene. Reckitt's home care portfolio, which includes Air Wick air fresheners and Cillit Bang cleaner, achieved sales of around 1.9 billion pounds ($2.5 billion) last year, but the company no longer considers it a core business. The British consumer goods firm had also been under pressure from shareholders to consider a sale of its Mead Johnson nutrition business, which sells baby formula products.
ReutersReckitt pressed by shareholders to revisit sale of nutrition business, FT reports
Reckitt acquired U.S. baby formula maker Mead Johnson Nutrition for $16.6 billion in 2017, but is currently seeking to overturn a $60 million verdict in a lawsuit after a jury ordered the unit to pay the mother of a premature baby who died of an intestinal disease after being fed the Enfamil baby formula. The company has said it faces "contingent liabilities" - a term used for those dependent on future events - from the product liability suit filed against Mead Johnson in the United States. Portfolio managers at Reckitt's third largest shareholder Flossbach von Storch, and Causeway Capital Management, a top-10 shareholder, told the FT that they would be open to seeing Reckitt sell the unit.
