Reckitt Benckiser Group PLC (RB.L)
Wed, May 16 2018
* ASPEN'S INFANT FORMULA UNIT IS SAID TO DRAW RECKITT, PERRIGO - BLOOMBERG, CITING SOURCES
LONDON Reckitt Benckiser lagged other consumer good makers in the first quarter as further falls in Scholl footcare and lower prices hit the British company's sales growth.
* Shares down as much as 6 pct to 3-year-low (Adds CEO comments)
* ON TRACK FOR FULL YEAR NET REVENUE TARGET OF +13-14% (TOTAL CONSTANT), IMPLYING +2%-3% LFL
LONDON, April 20 British consumer goods maker Reckitt Benckiser reported lower-than-expected quarterly sales growth on Friday, hurt by further weakness in its Scholl footcare business.
LONDON Reckitt Benckiser's chief executive Rakesh Kapoor got an 18 percent pay cut in 2017, his second in two years, due to a halving of his long-term incentive benefits, after a year of underperformance at the British consumer goods company.
LONDON, March 28 Reckitt Benckiser's chief executive Rakesh Kapoor got an 18 percent pay cut in 2017, his second in two years, due to a halving of his long-term incentive benefits, after a year of underperformance at the British consumer goods company.
NEW YORK/LONDON GlaxoSmithKline has pulled ahead in a race to buy Pfizer's consumer healthcare business, which the U.S. drugmaker believes could be worth as much as $20 billion, after its main rival Reckitt Benckiser quit the auction.
* Reckitt shares up more than 5 percent, GSK down 1 percent (Updates with GSK submitting bid)
LONDON Reckitt Benckiser's decision to drop its pursuit of Pfizer's consumer health assets leaves it with a tough job to restore growth to its flat-lining business.