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The Latest Breaking News from Reckitt

Starbucks names Reckitt chief Laxman Narasimhan as next CEO

Starbucks Corp. tapped Laxman Narasimhan, chief executive officer of Reckitt Benckiser Group Plc, as its next CEO, choosing a consumer-industry veteran to chart a new path after the interim tenure of Howard Schultz.

Tribune News Service

Starbucks names former PepsiCo executive as new CEO

Starbucks has named a longtime PepsiCo executive as its new CEO

The Independent UK

Boss of Dettol maker Reckitt Benckiser unexpectedly resigns

Laxman Narasimhan surprises investors by saying he will leave for US halfway through turnaround plan

The Guardian - UK

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Shock departure of Reckitt Benckiser CEO hits shares in consumer product giant

Laxman Narasimhan is returning to the US after three years in charge of the consumer products giant

Evening Standard

Reckitt CEO steps down to return to US after remarkable three year stint at helm of halo brand Dettol

Laxman Narasimham was a proud advocate of the Hull heritage and held a deeply personal allegiance to the wonder product

Birmingham Post

Prince William charity invests in bank tied to fossil fuels

The conservation charity founded by Prince William, second in line to the British throne and a well-known environmentalist, keeps its investments in a bank that is one of the world’s biggest backers of fossil fuels

The Independent UK

Double-digit price hikes help Heinz and Reckitt deliver sales jump

Dettol maker says customers willing to accept increases on branded items, and that further rises on the way

The Guardian - UK

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Benzinga Before The Bell: Twitter Shareholder Proposal Date Set, T-Mobile's Strong FY22 Outlook, Shopify's Job Cuts And Other Top Financial Stories Wednesday, July 27

Reuters Monkeypox Emergency Could Last Months, According To Experts

Benzinga

Reckitt Benckiser first half revenues up as pandemic bounce continues

Business had introduced cost cutting measures of £370 million

Evening Standard

Cost of living: McDonald’s, Kraft Heinz and Reckitt raise prices, as gas soars – as it happened

End of the 99p cheeseburger as fast food chain warns ‘we’re living through incredibly challenging times’

The Guardian - UK

Dettol's platinum jubilee toasted as Reckitt adds Durex for Commonwealth Games partnership

Hand sanitising and sexual health catered for at Birmingham Commonwealth Games after easing fears of crowds for Queen's celebration

Birmingham Post

Many baby formula plants weren't inspected because of COVID

U.S. regulators have historically inspected baby formula plants at least once a year, but they did not inspect any of the three biggest manufacturers in 2020

The Independent UK

‘They did, but I didn’t’: Biden denies baby formula makers’ claim shortage was expected in awkward joint briefing

‘I don’t think anyone anticipated the impact of the shutdown of Abbott facility’, Biden says shortly after manufacturers say they expected shortage

The Independent UK

More Companies Join Race To Ease US Baby Formula Supply Crunch

Danone SA (OTC: DANOY) has been doubling shipments to the U.S. of Neocate formula for infants allergic to cow's milk, while Enfamil maker Reckitt is also working to boost supplies amid a nationwide shortage, company executives said.

Benzinga

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The Independent UK

US safety, savings rules set stage for baby formula shortage

A massive recall is getting most of the blame for the U.S. baby formula shortage, but experts say the products have long been vulnerable to this type of crisis

WEKU

FDA head says baby formula factory could reopen in the next week or two

But Abbott has said that, after production resumes, it could take about two months before new formula begins arriving in stores. The company's factory has been closed due to contamination problems.

The Conversation

Baby formula industry was primed for disaster long before key factory closed down

The conditions that led to a shortage of baby formula were set in motion long before the February 2022 closure of the Similac factory tipped the U.S. into a crisis.

Birmingham Post

Opportunity Humber's first meeting held after levelling-up launch

Private sector-led organisation formed to ensure Energy Estuary entity thrives

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Evening Standard

Dettol and Durex maker Reckitt joins list of firms upping prices

FTSE giant’s increases echoes those of Nestlé, Procter & Gamble and Unilever

Birmingham Post

Right royal appointment for Reckitt as Dettol partners with Platinum Jubilee Pageant

Professional solutions division of Hull's market-leading sanitiser brand to help keep celebrations as Covid safe a possible

Birmingham Post

Humber ports director on how the blue economy is helping green up the Energy Estuary

Simon Bird has reflected on COP 26 president Alok Sharma's visit to Hull

Daily Mirror

Condom sales explode 170% in Russia over fears sanctions will cause shortages

Russia's largest online retailer Wildberries saw condom sales jump 170 per cent in the first two weeks of March compared with last year as demand increases

Birmingham Post

Tragic tale of childhood Dettol inspiration behind arrival of Humber's new unifier for a clean economy

Laxman Narasimhan felt compelled to join Reckitt after super-brand's role in family health - now he's charged with Humber's fortunes

Birmingham Post

Hull and Humber's new Net Zero launch takes plaudits of COP president Alok Sharma

Reckitt to play leading role in uniting committed organisations

Daily Mirror

Uniqlo says it has no plans to close stores in Russia because clothes are a 'necessity'

Cadbury owner Mondelez, Dettol maker Reckitt and Dunhill and Lucky Strike maker British American Tobacco (BAT) are also among brands continuing to trade in Russia

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