Tag: $Reckitt

Reckitt Benckiser has launched 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.

Abbott Laboratories shares were falling ahead of the opening bell on Monday after a jury found the company had failed to warn that its premature baby formula could increase infants’ risk of developing a potentially deadly bowel illness.

Consumer goods group Reckitt’s like-for-like sales growth beat estimates in the first quarter as more people bought its Lysol, Dettol and Finish cleaning products even as prices rose, it said in a trading update on Wednesday.

Consumer goods group Reckitt, on Wednesday missed fourth-quarter like-for-like net sales expectations as an investigation showed some employees had under-reported liabilities in the Middle East, sending shares down 10%.

LONDON, Oct 25 (Reuters) – Reckitt, maker of Dettol and Lysol cleaning products, on Wednesday missed third-quarter like-for-like sales expectations as volumes declined, but said it would start a 1 billion pound ($1.2 billion) share buyback programme “imminently”.