REFILE-UPDATE 1-Reckitt unveils 2 bln pound revamp, takes big Mead writedown [Reuters]
RECKITT BENCKISR GP S/ADR (RBGLY)
NASDAQ:AMEX Investor Relations:
rb.com/investors
Company Research
Source: Reuters
REFILE-UPDATE 1-Reckitt unveils 2 bln pound revamp, takes big Mead writedown (Adds dropped word pound in second paragraph) Feb 27 (Reuters) - British household goods maker Reckitt Benckiser launched a corporate revamp on Thursday that will invest 2 billion pounds in its business over three years as it seeks to reclaim ground lost to sector peers and generate stronger revenue growth. The results of a strategic review by new Chief Executive Officer Laxman Narasimhan also saw the company take a 5 billion pound writedown on its 2017 acquisition of infant formula maker Mead Johnson, valued at the time at almost $17 billion. Reckitt’s sales growth has trailed its peers in recent years after a spate of one-off problems and Thursday’s results were widely seen as a chance for Narasimhan to launch his tenure at the company with major changes. He shied away from selling any of its businesses, however, aiming to fund the new investment through internal “productivity savings” of 1.3 billion pounds
Show less
Read more
Impact Snapshot
Event Time:
RBGLY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RBGLY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RBGLY alerts
High impacting RECKITT BENCKISR GP S/ADR news events
Weekly update
A roundup of the hottest topics
RBGLY
News
- Study reveals sick people coughing and sneezing can transfer tens of thousands of organisms to soft surfaces [Yahoo! Finance]Yahoo! Finance
- Should We Be Delighted With Reckitt Benckiser Group plc's (LON:RKT) ROE Of 19%? [Yahoo! Finance]Yahoo! Finance
- Reckitt Benckiser Group plc (OTCMKTS: RBGLY) was downgraded by analysts at Sanford C. Bernstein from a "strong-buy" rating to a "hold" rating.MarketBeat
- Reckitt, Abbott surge after winning an NEC case [Yahoo! Finance]Yahoo! Finance
- Mead Johnson Welcomes Defense Verdict in Whitfield Case [Yahoo! Finance]Yahoo! Finance