Reckitt Benckiser Group plc (RBGLY)
- Reuters
Activist investor Eminence builds stake in Reckitt, FT reports
Eminence believed Reckitt's management could do more to improve operating margins, the report said, adding that other activist investors were also looking into Reckitt. Eminence Capital is yet to meet Reckitt's board and management in person, but has corresponded with the company and is unlikely to push for a management shake-up, the report said. Reckitt and Eminence did not immediately respond to Reuters' requests for comments.
- Simply Wall St.
Reckitt Benckiser Group (LON:RKT) shareholders have endured a 26% loss from investing in the stock a year ago
Investors can approximate the average market return by buying an index fund. Active investors aim to buy stocks that...
- Reuters
Chinese spend more on diapers and Colgate despite economic woes
Chinese shoppers are spending a little more on diapers and some Colgate toothpastes, according to executives at the makers of these products, even as consumers fret about the country's property crisis and faltering economy. China's economic slump after the pandemic has weighed on sales at consumer packaged goods companies, who had targeted the world's second-biggest economy as a major source of growth. Some consumer companies like Tide detergent maker Procter & Gamble, Reckitt, which manufactures Dettol cleaning solutions, and food producer PepsiCo are reporting some small signs of stronger spending in China.
