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Reckitt posts like-for-like net sales drop as fewer people buy flu medication

LONDON (Reuters) -Consumer goods group Reckitt on Wednesday missed fourth-quarter like-for-like net sales expectations as an investigation showed some employees had under-reported liabilities in the Middle East, sending shares down 10%. Some investors criticised the company's "vague" outlook for this year, as Reckitt shares slumped to their lowest point since March 2020, early in the COVID-19 pandemic. The maker of Nurofen pain medication and Dettol cleaning products said it recently identified "an understatement of trade spend in two Middle Eastern markets related to the fourth quarter and prior quarters of 2023". ....

United Kingdom , City Of , Bruno Monteyne , Kris Licht , Jason Neely , Tineke Frikkee , Richa Naidu , David Goodman , Middle Eastern , Waverton Asset Management , Miral Fahmy , Fourth Quarter , Fourth Quarter Results , Net Revenue ,

My mom taught at a school that's less than 400m from a Starbucks store: Global CEO

Business News: Minutes away from Laxman Narasimhan's Pune house stands the Starbucks Koregaon Park store. "My mother, who now lives with me in Seattle, taught in the ....

United States , Howard Schultz , Preta Manger , Tim Hortons , Laxman Narasimhan , Starbucks Koregaon Park , Triple Shot Reinvention Strategy , Third Wave Coffee , Blue Tokai Coffee Roasters , Starbuck India ,