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The Latest Breaking News from Reckitt

145,000 tins of popular baby formula recalled over bacteria contamination fears

Manufacturer Reckitt has voluntarily recalled two batches of ProSobee Simply Plant-Based Infant Formula which was manufactured between August and September 2022 - amid fears of potential Cronobacter sakazakii contamination.

Chronicle Live

Reckitt recalls 145,000 cans of baby formula over contamination fears from bacteria

Reckitt voluntarily called back two batches of ProSobee Simply Plant-Based Infant Formula cans manufactured in August and September last year following threats of Cronobacter sakazakii contamination

Daily Mirror

Global footcare business Scholl commits to Hull with footprint switch following Reckitt sale

Entire floor of Two Humber Quays taken on with eyes on room for expansion

Birmingham Post

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‘Serious questions’ as pension funds invest millions in firms operating in Russia

SCOTLAND’S largest council pension funds have around £230 million invested in Western companies continuing to operate in Russia almost a year…

The National (Scotland)

Robust results for Reckitt as broad-based growth highlighted by new CEO

Initial ambitions of new chief executive highlighted amid third quarter results

Birmingham Post

Apollo launches ‘Hygiene Play Park’ in Aragonda

Move aimed at reducing infections leading to absenteeism in schools

The Hindu

From Slough to Seattle: the challenges facing Starbucks’ new boss

Surprise move to Seattle comes as global coffee chain faces unionisation drive

The Guardian - UK

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Starbucks appoints outgoing Reckitt Benckiser chief as its next CEO

Laxman Narasimhan is swapping Slough for Seattle and takes up the top job there in April

Evening Standard

Starbucks Names Reckitt Boss Laxman Narasimhan to Replace Howard Schultz As CEO

“Laxman is an inspiring leader with deep, hands-on experience driving strategic transformations at global consumer-facing businesses," said Starbucks.

The Street

Stocks Flat, Jobs Data, Starbucks, Lululemon And Broadcom In Focus - Five Things To Know

Stock futures flat as jobs data looms; Wage growth in focus as hiring slows, but remains firm; Starbucks taps Reckitt CEO to replace interim boss Schultz; Lululemon shares leap on Q3 earnings, 2022 outlook and Broadcom defies chip gloom with earnings beat, bullish forecast.

The Street

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

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

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Birmingham Post

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

The Independent UK

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 Guardian - 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

Benzinga

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

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Evening Standard

Reckitt Benckiser first half revenues up as pandemic bounce continues

Business had introduced cost cutting measures of £370 million

The Guardian - UK

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’

Birmingham Post

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

The Independent UK

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

Benzinga

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.

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

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