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Reckitt Benckiser To Scrap Quarterly Profit Reports - Report

LONDON -(Dow Jones)- Reckitt Benckiser PLC (RB.LN) is to stop including full profit reports in its quarterly trading updates, instead moving to include only sales figures outside of the interim and full-year earnings periods, the Sunday Telegraph reported without citing sources. The paper said new chief executive Rakesh Kapoor is also expected to announce a shift in emphasis from American and European markets which have come under extreme consumer pressure, to emerging markets like China where the household goods firm sells very few of its brands. The company will announce its full year results on Feb. 8. Rival Unilever PLC (UL) made a similar change to its quarterly updates last year. A spokesman for Reckitt Benckiser declined to comment immediately on the report. -London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320

Stock News for Unilever America (UL)
DateTimeHeadline
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10/19/201610:16:00Shine Comes Off Big Consumer-Product Companies
10/19/201605:40:00Reckitt Lowers Full-Year Outlook
10/18/201613:20:00Plunging Pound Helps Burberry While Hurting Ryanair
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10/18/201605:50:00U.K. Inflation Nears Two-Year High
10/14/201606:10:00Eurozone Exports Rose in August, Easing Brexit Fears
10/13/201618:00:00Unilever Resolves U.K. Pricing Dispute With Retailer -- 3rd Update
10/13/201615:20:00Unilever Resolves U.K. Pricing Dispute With Retailer--2nd Update
10/13/201614:48:00Food Fight Over Prices Is Over, Unilever and Tesco Say -- Update
10/13/201614:20:00Unilever Says It Resolves Pricing Dispute With Tesco
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10/13/201611:50:00U.K. Retail, Consumer Products Giants Scrap Over Brexit Price...
10/13/201611:38:00U.K. Retail, Consumer Products Giants Scrap Over Brexit Price...
10/13/201610:36:00Unilever Price Rises Herald Brexit Pain for British Consumers
10/13/201605:15:00Unilever Defends Brexit Price Rises After Tesco Spat -- 3rd Update
10/13/201604:05:00Unilever Growth Slows on Competition in Emerging Markets -- 2nd...

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