- Reuters
CORRECTED-UPDATE 5-Reckitt beats like-for-like sales estimates, driven by Dettol, Lysol
Consumer goods group Reckitt's like-for-like sales growth beat estimates in the first quarter as more people bought its Lysol, Dettol and Finish cleaning products even as prices rose, it said in a trading update on Wednesday. Shares in Reckitt were up nearly 6% in morning trade. The company also reiterated that it faces "contingent liabilities" - a term used for those dependent on future events - from a product liability suit filed against its Mead Johnson infant formula business in the United States.
- Reuters
UPDATE 2-Reckitt says many cases filed against baby formula makers
Reckitt said on Monday that many cases had been filed against baby formula makers in general, and it was unclear how many directly related to its unit's Enfamil product. An Illinois jury last week ordered Reckitt unit Mead Johnson to pay $60 million to the mother of a premature baby who died of an intestinal disease after being fed the company's Enfamil baby formula. The jury in a state court in St. Clair County found Mead Johnson was negligent and had failed to warn of the risk of necrotising enterocolitis (NEC).
- Reuters
Reckitt says many cases filed against baby formula makers
LONDON (Reuters) -Reckitt said on Monday that many cases had been filed against baby formula makers in general, and it was unclear how many directly related to its unit's Enfamil product. An Illinois jury last week ordered Reckitt unit Mead Johnson to pay $60 million to the mother of a premature baby who died of an intestinal disease after being fed the company's Enfamil baby formula. The jury in a state court in St. Clair County found Mead Johnson was negligent and had failed to warn of the risk of necrotising enterocolitis (NEC).
