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Webinar Alert: Electric Vehicles Are the Future—Get Your Advertising Ready
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Global Personal Care Appliances Market By Type, By Application, By Segmentation, By Region, and By Country 2021
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Global Personal Care Appliances Market By Type, By Application, By Segmentation, By Region, and By Country 2021
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Terry Smith initiates holding in Church & Dwight and boots Intertek
US consumer products giant is the latest holding added to £22.6bn Fundsmith Equity after LVMH in December
Terry Smith has initiated a stake in US consumer products giant Church & Dwight in his Fundsmith Equity vehicle, while ditching shares in product tester Intertek.
According to the £22.6bn fund’s latest factsheet, Smith added a 2.27% position to the business, which owns brands including Trojan condoms and Oxi clean, last month.
Church & Dwight’s shares suffered at the outbreak of the pandemic, falling to $60.30 a share in March 2020, before recovering to a record high for the company $98.16 in September. But in recent months its shares have lost some of their shine, falling over 8% since the start of the year to $79.56 a pop.
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