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Durex to Dettol maker Reckitt Benckiser becomes latest to warn of inflation squeeze
With brands like Dettol, Lysol, Lemsip and Strepsils, the household products giant Reckitt Benckiser was always going to be a winner from the pandemic as demand for cleaning products and cold cure remedies boomed.Now, though, it appears to be facing tougher trading conditions – with the cost inflation highlighted by the likes of Unilever recently …
Business
Business Live
One million e-scooter rides taken in West Country during trial
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Business
Business Live
Flooring firm Likewise to raise £10m in float
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Business
Sky News
PM Johnson to host bosses for talks amid ‘pingdemic’ anger
Boris Johnson will hold talks with some of Britain’s leading business figures this week amid continued frustration over changing private sector exemptions from coronavirus quarantine restrictions.Sky News understands that the prime minister will host bosses at the latest meeting of his Build Back Better Council (BBBC) on Thursday. Issues including infrastructure investment are on the …
Business
Business Live
Media group Reach sees revenues rise and hails investment in journalism
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Business
Evening Standard
Reckitt Benckiser warns of cost inflation as revenues dip
Reckitt Benckiser saw shares slump by as much as 9% on Tuesday morning after it warned soaring raw materials costs are hitting profit margins, and reported a dip in revenues. The Dettol and Durex maker announced first half net revenues of £6.6 billion, down 4.5% on the same period in 2020 as the pandemic boom …
Business
Business Live
Warhammer maker Games Workshop achieves £151m profits surge
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Business
Sky News
FirstGroup boss to step down after largest shareholder demands resignation
Bus and rail operator FirstGroup has announced that its chief executive is to step down, a day after the company’s biggest shareholder demanded he resign.FirstGroup said Matthew Gregory, who has been in the post for less than three years, would leave in September amid anger over the sale of two US businesses. Mr Gregory said …
Business
Sky News
Moonpig shares suffer worst slump despite revenue doubling during COVID lockdowns
Moonpig, the online greeting card and gift retailer, has suffered its worst intraday share price slump despite reporting a doubling of annual revenue thanks to lockdown restrictions on shoppers.While high street rivals were forced into hibernation due to the COVID-19 crisis, the company benefited from almost 51 million transactions as customers flocked to mark birthdays …
Business
Sky News
IMF predicts UK economic bounce-back this year to match resurgent US
Britain’s economy will grow faster than any major economy in Europe as it rebounds from the COVID-19 recession and emerges from lockdown, the International Monetary Fund (IMF) has predicted.In the latest update to its World Economic Outlook – its periodical look at the state of the global economy – the IMF forecast that the UK …
Business
Sky News
From tuition to takeaways, why China’s regulatory crackdown is proving unappetising for investors
China’s government has just provided investors with another reminder of why they should tread carefully when putting money into the country.At the end of last month, the Chinese ride-hailing app Didi made history when it floated on the New York Stock Exchange with a valuation of $70bn, making it the biggest IPO of a Chinese …
Business
Sky News
UK could block China state nuclear firm from future power projects – report
Ministers are reportedly exploring how to block China’s state-owned nuclear energy company from future power projects in the UK.The change in Britain’s stance towards China General Nuclear Power Group (CGN) could affect the £20bn Sizewell C nuclear energy project in Suffolk, the Financial Times reported. France’s EDF is scheduled to build the Sizewell site with …

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