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Reckitt Benckiser posts Q2 growth, announces price hikes and £500 m buyback
Reckitt Benckiser reported a 4.2% rise in like‑for‑like sales of its core brands in the second quarter and kept its full‑year revenue‑growth outlook at 4‑5%. Emerging‑market sales grew about 9.4% year‑on‑year, driven by strong demand in China and India. The company announced price increases for its products in the United Kingdom and other markets to offset higher costs linked to the Middle‑East conflict and oil‑price volatility. It also unveiled a share‑buyback programme of up to £500 million over the next twelve months. Underlying operating profit for the six months to 30 June fell 14.3% to £1.47 billion, mainly because of the sale of a 70% stake in the Cillit Bang and Calgon division. Following the results, Reckitt’s shares rose more than 5% and the Dettol/Durex boss warned UK shoppers that prices will rise this year.
Entities
Calgon · Cillit Bang · Kris Licht · Reckitt Benckiser Group plc · Reckitt Benckiser plc
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Reckitt Benckiser announced price increases for its products in the United Kingdom and other markets. www.cotswoldjournal.co.uk · www.esmmagazine.com · www.it-boltwise.de
- [● 2 SOURCES] Reckitt kept its full‑year revenue‑growth outlook of 4‑5% and its profit forecast unchanged. www.cotswoldjournal.co.uk · www.it-boltwise.de
- [● 3 SOURCES] Reckitt Benckiser launched a share‑buyback programme worth up to £500 million. www.cotswoldjournal.co.uk · www.esmmagazine.com · www.it-boltwise.de
- [● 3 SOURCES] The price hikes are intended to offset higher costs linked to the ongoing Middle‑East conflict and oil‑price volatility. www.cotswoldjournal.co.uk · www.esmmagazine.com · www.it-boltwise.de
- [● 2 SOURCES] Emerging‑market sales rose 9.4% in the quarter. www.esmmagazine.com · www.it-boltwise.de
- [● 3 SOURCES] Reckitt reported a 4.2% increase in like‑for‑like sales of its core brands in the second quarter. www.cotswoldjournal.co.uk · www.esmmagazine.com · www.it-boltwise.de
- [● 2 SOURCES] Underlying operating profit for the six months to 30 June fell 14.3% to £1.47 billion, mainly due to the sale of a 70% stake in the Cillit Bang and Calgon division. www.cotswoldjournal.co.uk · www.it-boltwise.de
- [● 3 SOURCES] Reckitt Benckiser shares rose more than 5% after the results announcement. www.cotswoldjournal.co.uk · www.esmmagazine.com · www.it-boltwise.de
- [○ 1 SOURCE] Underlying operating profit fell 14.3% to £1.47 billion for the six months to 30 June, mainly due to the sale of a 70% stake in the Cillit Bang and Calgon division. www.cotswoldjournal.co.uk
- [● 2 SOURCES] Reckitt launched a share buyback program worth up to £500 million ($665 million). www.cotswoldjournal.co.uk · www.esmmagazine.com
- [● 2 SOURCES] Reckitt reported a 4.2% like‑for‑like sales growth in its core brands in Q2. www.cotswoldjournal.co.uk · www.esmmagazine.com
- [● 2 SOURCES] Reckitt's shares rose more than 5% after the results were released. www.cotswoldjournal.co.uk · www.esmmagazine.com