Results for: Reckitt

The FTSE 100 index experienced a slight decline on Wednesday, losing 4.43 points (0.05%) to close at 8,040.38. Earlier in the day, the index had reached a new record high of 8,091.61, fueled by positive earnings updates from companies. However, increased caution over potential interest rate reductions and a weaker opening on Wall Street contributed to its decline in the afternoon. Other major European markets also saw similar patterns, with the German Dax index dropping 0.35% and the French Cac 40 losing 0.17%.

Reckitt’s shares have rebounded after the consumer goods giant reported better-than-expected sales for the past quarter. The company’s performance was driven by strong growth from brands like Dettol, Durex, and Finish. However, the firm’s nutrition division continued to struggle, facing legal challenges and declining sales. Despite these setbacks, Reckitt remains confident in its ability to deliver value for shareholders through investment and innovation.

Reckitt, the consumer goods giant, reported strong sales growth for the first quarter of 2024, boosted by increased demand for brands like Dettol, Durex, and Finish. The company’s hygiene operations saw a particularly strong performance, with sales volumes rising by 2.9%, while the nutrition business faced some challenges due to a drop in sales volumes bought by shoppers.