Reckitt Benckiser Group Plc said it will start a strategic review of its pharmaceutical unit, pointing to the possible sale of a business that analysts say could fetch at least 1.5 billion pounds ($2.4 billion).
Unilever Chief Executive Officer Paul Polman will next week report one of the worst quarters of sales growth in his five-year tenure amid a slowdown in emerging markets. Making matters worse is that an expected recovery in the U.S., his single largest market, has failed to materialize.
Unilever, the world’s second-largest consumer-goods maker, said sales growth weakened in the third quarter amid a further slowdown in emerging markets, sending the shares down the most in almost two years.
Reckitt Benckiser Group Plc, the maker of French’s mustard and Nurofen painkillers, reported a 2 percent gain in first-half profit as deteriorating business in southern Europe largely eclipsed growth in emerging markets.
Unilever, the world’s second- biggest consumer-goods company, reported the slowest quarterly growth in two years as demand in Europe was held back by weaker consumer confidence and sales of ice cream and spreads faltered.
Primark’s newest store in Berlin has been open for less than an hour and already a mannequin’s right hand dangles by a cord, knocked loose in a shopper’s vain struggle to remove its 7-euro ($8.58) denim shorts.
Devro Plc fell 6.7 percent in six days, trailing a 1.3 percent gain in the FTSE 250 Index, on concern that earnings at Britain’s biggest maker of collagen sausage casings won’t improve much as raw material costs rise.
Simon Property Group Inc. , the largest U.S. mall owner, will end its interest in buying Capital Shopping Centres Group Plc if the U.K. company doesn’t provide information necessary to evaluate a bid. Capital Shopping fell as much as 4.7 percent in London trading.
Associated British Foods Plc said an “outstanding” performance from the Primark budget-clothing chain drove business ahead of its expectations in the financial year to date, boosting the shares the most in 18 months.