Reckitt Benckiser boss sells more shares

Reckitt Benckiser's chief executive Bart Becht has reduced his stake in the household products giant, selling about £2.85m in shares in the company.

He sold 100,000 shares at 2,851p a time and now holds about 1.77m shares beneficially and 1.264m non-beneficially.

Back in September Becht sold more than 2m shares in the firm gaining slightly earning slightly more than in his latest sales.

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Unlike other companies, the producer of Vanish stain remover and Finish dishwasher tablets has seen been fairly resilient despite the turmoil of the past few months. Its shares are down only 5% on the year.

In October it upped its full-year sales growth forecast after better-than-expected momentum in its underlying business.

The group raised its target for net revenue growth to 13% from 11-12% previously, with like-for-like growth forecast now up at 9% compared with 7-8% last time.

Becht, 51, a Netherlands national, joined Benckiser in 1988.

Reckitt Benckiser was formed in 1999 following the merger of Reckitt and Colman and Benckiser.

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