PRESS DIGEST - British business - Feb 16 =6
Shares in Waterford Wedgwood fell 13.6 percent after the Irish crystal and fine china maker reported a three percent fall in sales in the final three months of 2007 after a delayed cash injection disrupted production over the Christmas period. The company warned it would make a loss in the full year to the end of March, with sales expected to be about 700 million euros.
HARPIC SALES HELP KEEP RECKITT FLUSH
Reckitt Benckiser(RB.L: Quote, Profile, Research, Stock Buzz), the household products group best known for its Harpic cleaners and Vanish fabric treatments, reported a two percent rise to 292 million pounds in profits for the final quarter of 2007 on the back of a six percent increase in sales. Full year profits were up 15 percent to 905 million pounds. While Reckitt remains a highly defensive stock, it will have to stand up to the supermarkets which will be under pressure to cut suppliers' prices.
Prepared for Reuters by Durrants.
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