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
Facebook Twitter LinkedIn

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.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Fidelity Enhanced Income W Acc154.30 GBP0.00Rating
Fundsmith Equity T Acc6.24 GBP-0.66Rating
Liontrust Special Situations I Inc518.48 GBP0.09Rating
Morgan Stanley UK Global Brands I GBP131.81 GBP0.47Rating
Rathbone Income I Inc917.71 GBP-0.44Rating
Reckitt Benckiser Group PLC5,534.00 GBP0.00Rating

About Author

David Brenchley

David Brenchley  is a Reporter for