Beiersdorf expects a recovery in travel retail and demand for sun care products to boost sales in 2022, when the Nivea maker also hopes for a rebound in sales of adhesives to the automotive industry.
Fashion brands and airlines are creeping back into investors' good graces in Asia as lockdowns ease and vaccination rises, boosting travel and leisure activities, taking some shine off pandemic stalwarts such as supermarkets and gadget makers.
Reckitt Benckiser Group beat analysts' estimates for third-quarter sales on Tuesday, benefiting from increased sales of cold and flu remedies and price hikes, prompting it to raise its full-year forecast. The Lysol cleaning products maker reported a surprise 3.3% rise in.
Global shares got a tech boost to help tee up a third straight week of gains on Friday, despite growing inflation concerns, while the dollar dipped and oil prices bounced off their lows.
For central bankers wrestling with the question of whether inflationary pressures are transitory, industry chiefs around the world have a clear message: prices are only going higher.