Shares in Reckitt Benckiser Group PLC on Tuesday rose after the Financial Times reported an activist investor has built a stake in the company.
Shares in the Slough, England-based maker of antiseptic.
Consumer companies from Reckitt to Nestle have invested heavily in product innovation to win back shoppers who had turned to cheaper brands during the COVID-19 pandemic and more recent cost-of-living crisis. They hope improvements to existing products will allow them to raise prices without taking a hit on sales volumes. Reckitt s other products include Nurofen tablets, cold remedy Lemsip and Durex condoms.
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Falling baby formula sales dent Reckitt s revenues express.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from express.co.uk Daily Mail and Mail on Sunday newspapers.