Reckitt says Red Sea attacks having 'small impact' on freight rates | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
LONDON (Reuters) -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%. Some investors criticised the company's "vague" outlook for this year, as Reckitt shares slumped to their lowest point since March 2020, early in the COVID-19 pandemic. The maker of Nurofen pain medication and Dettol cleaning products said it recently identified "an understatement of trade spend in two Middle Eastern markets related to the fourth quarter and prior quarters of 2023".
Among the companies with reports and trading updates today are Aston Martin Lagonda, St James s Place, Halfords, Taylor Wimpey, Reckitt Benckiser and Vodafone.
Reckitt said on Wednesday that attacks on container vessels in the Red Sea had led to a small impact on ocean freight rates, and that it was doing a little more air freighting. Houthi.
Reckitt Benckiser Group PLC (LON:RKT) has released its final results for 2023, showing positive growth in Hygiene and Health sectors. CEO Kris Licht looks ahead to continued progress in 2024.
Reckitt share price crashes 10%! Is it now an unmissable FTSE bargain? fool.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.co.uk Daily Mail and Mail on Sunday newspapers.
Reckitt Benckiser FY23 Profit Down, Lifts Dividend; Sees LFL Net Revenue Growth In FY24 finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Reckitt Lowers Outlook as Sales Fall Amid Easing Inflation bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Stocks in London are set to open flat on Wednesday, with investors awaiting US data which will inform expectations of the path of interest rates in the world s largest economy.