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Reckitt Benckiser Group PLC (RB.L)

RB.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Reckitt Benckiser Q1 Revenue Up 23 Pct at 3.11 Bln Stg
Friday, 20 Apr 2018 

April 20 (Reuters) - Reckitt Benckiser Group PLC ::Q1 REVENUE OF 3,111 MILLION STG.Q1 REVENUE GROWTH OF +23% ON A REPORTED BASIS.Q1 TOTAL LIKE-FOR-LIKE SALES +2 PERCENT.ON TRACK FOR FULL YEAR NET REVENUE TARGET OF +13-14% (TOTAL CONSTANT), IMPLYING +2%-3% LFL.Q1 HEALTH LIKE-FOR-LIKE SALES +1% PERCENT.Q1 DVM LIKE-FOR-LIKE SALES OF +4% PERCENT.MEAD JOHNSON NUTRITION PERFORMANCE CONTINUES TO PROGRESS WELL WITH PROFORMA GROWTH +6% FOR Q1.Q1 TOTAL NORTH AMERICA LIKE-FOR-LIKE SALES OF +6%."SOLID START OVERALL IN Q1, OPERATING UNDER OUR NEW ORGANISATIONAL STRUCTURE".Q1 EUROPE/ ANZ LIKE-FOR-LIKE SALES OF -1% .RECKITT BENCKISER GROUP PLC - "RB 2.0 IS EMBEDDING WELL" AND EXPECT TO SEE BENEFITS CONTINUE TO MATERIALISE".SAW CONTINUED CHALLENGING CONDITIONS IN BOTH MIDDLE EAST AND ASEAN MARKETS IN Q1.  Full Article

Reckitt Benckiser Ends Discussions For Parts Of Pfizer's Consumer Health business
Thursday, 22 Mar 2018 

March 21 (Reuters) - Reckitt Benckiser Group Plc ::RECKITT BENCKISER SAYS PULLS OUT OF PFIZER CONSUMER HEALTH AUCTION.CO'S PROPOSAL WAS FOR PART OF THE BUSINESS ONLY.RECKITT BENCKISER - ACQUISITION FOR WHOLE PFIZER CONSUMER HEALTH BUSINESS DID NOT FIT ACQUISITION CRITERIA, ACQUISITION OF PART OF BUSINESS WAS NOT POSSIBLE.  Full Article

Reckitt Benckiser CEO comments
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Reckitt Benckiser Group Plc :Reckitt benckiser ceo says seeing subdued growth in developed and developing markets.Reckitt benckiser ceo says health unit to have sales of around 7.5 billion pounds, with hygiene/home sales around 5 billion.Reckitt benckiser ceo says too early to discuss 2018 forecast.Reckitt benckiser ceo says both business units to have marketing directors and has announced executive line-up.  Full Article

Reckitt Benckiser sell its food business to McCormick for $4.2 bln
Wednesday, 19 Jul 2017 

July 18 (Reuters) - Reckitt Benckiser Group Plc ::entered into an agreement to sell its food business to McCormick & Company for $4.2 billion on cash-free, debt-free basis.Intends to use the net proceeds form deal to reduce debt.  Full Article

McCormick to acquire Reckitt Benckiser's food division for $4.2 bln
Wednesday, 19 Jul 2017 

July 18 (Reuters) - Mccormick & Company Inc :McCormick to acquire Reckitt Benckiser's food division.Agreed to acquire Reckitt Benckiser's food division from Reckitt Benckiser Group Plc for $4.2 billion.McCormick & Company Inc - combined pro forma 2017 annual net sales are expected to be approximately $5 billion with significant margin accretion.McCormick & Company Inc - will integrate RB Foods into its consumer and industrial segments and will retain brand names of French's, Frank's Redhot and Cattlemen's(®).McCormick expects to achieve cost synergies of approximately $50 million.McCormick - McCormick has obtained committed bridge financing; expects to permanently finance transaction through combination of debt and equity.  Full Article

Mead Johnson to pay Reckitt Benckiser $480 mln in case of termination of deal
Monday, 13 Feb 2017 

Mead Johnson Nutrition Co : Mead Johnson Nutrition Co - Company must pay Reckitt a termination fee equal to $480 million if deal is terminated under certain circumstances .Mead Johnson Nutrition - If deal's terminated by co or Reckitt Benckiser because co's stockholder approval wasn't obtained, co to pay fee subject to cap of $20 million.  Full Article

Reckitt Benckiser CEO comments on Mead Johnson deal
Friday, 10 Feb 2017 

Reckitt Benckiser Group Plc : Reckitt benckiser ceo says sees 3 percent like for like revenue growth in 2017 . Reckitt benckiser ceo says issues around korea and scholl will persist in first half of 2017 . Reckitt benckiser ceo says had looked at mead johnson as possible acquisition for some years . Reckitt benckiser ceo says no discussion around job losses at moment from mead johnson acquisition .Reckitt benckiser ceo says no plans to sell any enfamil brands.  Full Article

Bristol-Myers Says in May sold business comprising an alliance with Reckitt Benckiser
Thursday, 28 Jul 2016 

: Bristol Myers Squibb - In May 2016, co sold the business comprising an alliance with Reckitt Benckiser Group including several OTC products sold primarily in Mexico and Brazil .Bristol Myers Squibb - Reckitt exercised its option to acquire the business, including a manufacturing facility, for $317 million, resulting in a gain of $277 million.  Full Article

UK's CMA says Reckitt Benckiser licensed K-Y brand to Thornton & Ross
Monday, 20 Jun 2016 

Competition and Markets Authority : Reckitt Benckiser licensed K-Y brand to Thornton & Ross for 8 years and completed its merger with Johnson & Johnson Link to source: (http://bit.ly/28ITo7z) (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

Church & Dwight co comments on market speculation
Thursday, 19 May 2016 

Church & Dwight Co Inc : Church & Dwight comments on market speculation . Not engaged in discussions with, nor has it received any proposal or communication concerning a potential bid for company . Company is not engaged in discussions with, nor has it received any proposal or communication concerning a potential bid for company . Not aware of any information supporting market speculation .Says is not aware of any information supporting rumors.  Full Article

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Reckitt takes hit from stumbling Scholl and price pressure

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.