Edition:
United Kingdom

Siddharth Cavale

Imperial Brands drops dividend growth target, plans $251 million share buyback

08 Jul 2019

British tobacco company Imperial Brands Plc will drop its 10% dividend growth target from next year to focus on developing its e-cigarette portfolio and plans to buy back shares worth up to 200 million pounds ($251 million) (200.29 million pounds).

Reckitt picks PepsiCo executive as CEO, going outside for first time

12 Jun 2019

Consumer goods group Reckitt Benckiser has picked PepsiCo executive Laxman Narasimhan as its next chief executive, becoming the latest industry heavyweight to turn to a company outsider to tackle faltering growth and new media-savvy rivals.

Unilever says Vietnam, Bangladesh among next 'growth stars'

11 Jun 2019

Vietnam, Bangladesh, Pakistan and Myanmar will be the top growth markets for consumer goods giant Unilever over the next few years as a rapidly growing population and an emerging middle class rapidly consume the company's household good products, Chief Executive Officer Alan Jope said.

Reckitt Benckiser to invest $200 million in UK, U.S. units this year

04 Jun 2019

Dettol and Lysol maker Reckitt Benckiser Group Plc will invest an additional $200 million in its UK and U.S. units this year, including a $70 million investment in a Michigan manufacturing facility.

Trump strikes 'supportive' tone in meeting with British business leaders - sources

04 Jun 2019

LONDON U.S. President Donald Trump struck a positive, conciliatory tone with top British and U.S. business leaders at a meeting in London on Tuesday, sources familiar with the talks told Reuters, despite tensions between the two countries over China's Huawei.

Investors keep food firms on warning over antibiotics

20 May 2019

LONDON An investor group managing some $5 trillion said it was pleased with the steps taken by fast-food companies to cut the use of antibiotics in their products and will continue to monitor firms as its three-year-long engagement comes to an end.

Caterpillar slips as higher costs dent margins at construction business

24 Apr 2019

Caterpillar Inc spooked investors for a second straight quarter as rising costs hit margins in its construction equipment business and tepid sales in the Asia Pacific region pointed to continuing subdued growth in China.

World News