Fundsmith Hit as Reckitt Benckiser Shares Slip to Two-Year Low

Reckitt Benckiser shares have fallen 24% since June, with the household goods maker off 6.6% after announcing flat like-for-like revenue growth for the full-year

David Brenchley 19 February, 2018 | 1:28PM

Dettol kitchen cleaner, Reckitt Benckiser share price, Terry Smith Fundsmith holding

Shares in consumer goods manufacturer Reckitt Benckiser (RB.) continued their steady descent, hitting a fresh two-year low after the promise of a return to revenue growth in 2018 failed to excite investors.

Shares in the maker of Durex condoms and Dettol cleaning products fell 6.6% to £61.33 on Monday and are now 24% off their June high of £81. The company reported flat like-for-like sales of £11.5 billion in 2017. Profits were up year-on-year at £2.5 billion, as was the dividend to 164.3p per share.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Fidelity Enhanced Income W Acc131.40 GBP-0.23
Fundsmith Equity T Acc4.98 GBP0.04
Liontrust Special Situations I Inc409.51 GBP-0.53
Morgan Stanley UK Global Brands I GBP111.15 GBP0.25
Rathbone Income I Inc763.93 GBP-0.78
Reckitt Benckiser Group PLC7,224.00 GBP0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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