Reckitt identifies 16 'power markets'
Cillit Bang maker Reckitt Benckiser said it exceeded its full year targets in 2011, as it announced a strategy for 'continued out-performance'.
Cillit Bang maker Reckitt Benckiser said it exceeded its full year targets in 2011, as it announced a strategy for 'continued out-performance'.
Net revenue in 2011 rose to £9.49bn from £8.45bn the year before and just a tad higher than market expectations of £9.45bn. Profit before tax climbed to £2.38bn from £2.14bn in 2010; the market had pencilled in a figure of £2.40bn.
After a strategic review, the company is sticking with its focus on its 'power brands' but is augmenting this with an increased emphasis on 16 'power markets', most of which are emerging markets.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
More to follow ...
jh
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Inheritance tax receipts rise by 7% – how to cut your bill
Rising house prices and frozen tax thresholds continue to push inheritance tax bills up and receipts are only likely to rise further
-
Napoleon’s bicorne headgear, the original MAGA hat, could fetch €800,000
Collectables Napoleon would not be out of place in Trump’s America, says Chris Carter