Reckitt Benckiser Group (RKT)

Sector:

Household Goods

Index:

FTSE 100

4,959.00p
   
  • Change Today:
      14.00p
  • 52 Week High: 5,872.00
  • 52 Week Low: 4,093.00
  • Currency: UK Pounds
  • Shares Issued: 689.88m
  • Volume: 2,598,962
  • Market Cap: £34,211m
  • Beta: 0.84

Reckitt said to have started talks on £6bn sale of homecare assets

By Michele Maatouk

Date: Wednesday 18 Sep 2024

LONDON (ShareCast) - (Sharecast News) - Reckitt Benckiser has reportedly started early discussions with some of the potential suitors for its homecare assets, which could fetch more than £6bn in a deal.
Bloomberg cited people familiar with the matter as saying that the consumer goods giant is working with Morgan Stanley for the brands including air freshener Airwick and Cillit Bang cleaners.

Mostly financial investors as well as some consumer companies have shown interest in the assets, the sources said, adding that a formal sale process is likely to kick off within months and be completed in 2025.

It was also understood that Goldman Sachs is helping Reckitt on evaluating options for its formula brand Mead Johnson, including a potential sale. Deliberations are ongoing and no final decision has been made, the people said.

Reckitt announced in July that it was planning to sell some of the homecare brands that it's deemed non-core and review options for its infant formula business. It said it wanted to focus on "power brands" like Strepsils lozenges, the Mucinex cold remedy, Gaviscon for heartburn and Durex condoms, along with some disinfectants like Harpic, Vanish, Dettol and Lysol that boomed during the pandemic.



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Reckitt Benckiser Market Data

Currency UK Pounds
Share Price 4,959.00p
Change Today 14.00p
% Change 0.28 %
52 Week High 5,872.00
52 Week Low 4,093.00
Volume 2,598,962
Shares Issued 689.88m
Market Cap £34,211m
Beta 0.84

Reckitt Benckiser Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
8.54% above the market average8.54% above the market average8.54% above the market average8.54% above the market average8.54% above the market average
18.18% below the sector average18.18% below the sector average18.18% below the sector average18.18% below the sector average18.18% below the sector average
Price Trend
1.74% below the market average1.74% below the market average1.74% below the market average1.74% below the market average1.74% below the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average
Income
44.77% above the market average44.77% above the market average44.77% above the market average44.77% above the market average44.77% above the market average
17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average
Growth
43.44% above the market average43.44% above the market average43.44% above the market average43.44% above the market average43.44% above the market average
45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average

What The Brokers Say

Strong Buy 5
Buy 4
Neutral 8
Sell 0
Strong Sell 1
Total 18
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Reckitt Benckiser Dividends

  Latest Previous
  Interim Final
Ex-Div 01-Aug-24 11-Apr-24
Paid 13-Sep-24 24-May-24
Amount 80.40p 115.90p

Trades for 05-Nov-2024

Time Volume / Share Price
10:42 800,000 @ 4,936.00p
10:42 800,000 @ 4,936.00p
16:36 409 @ 4,959.00p
16:36 411 @ 4,959.00p
16:35 600 @ 4,959.00p

Reckitt Benckiser Key Personnel

Chair Jeremy Darroch
CEO Kris Licht

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