(Reuters) -Reckitt has sold a majority stake in its Essential Home business to private equity firm Advent International in a deal valued at $4.8 billion including debt, it said on Friday. The consumer goods group said it would retain a 30% stake in the business, which makes Air Wick fresheners, Cillit Bang cleaners and insecticide Mortein. Reuters exclusively reported last month that the two part ...
Investing.com -- Skanska AB reported solid second-quarter results Friday, with residential development performance exceeding expectations and strong construction order intake providing key positive takeaways. The Swedish construction and development company maintained a 3.9% operating margin in its construction segment, outperforming analyst consensus of 3.6%. Order intake reached approximately S ...
LONDON (Reuters) -Burberry’s retail sales fell by a less-than-expected 1% in the first quarter, it reported on Friday, in early signs of a recovery for the British luxury brand struggling with underperformance. Shares in Burberry (LON:BRBY), which have more than doubled since September, rose 5% in early London trade. Known for its trench coats and check pattern scarves, Burberry is using its B ...
Investing.com – Australia stocks were higher after the close on Friday, as gains in the Healthcare, Metals & Mining and Materials sectors led shares higher. At the close in Sydney, the S&P/ASX 200 gained 1.37% to hit a new all time high. The best performers of the session on the S&P/ASX 200 were Mesoblast Ltd (ASX:MSB), which rose 34.64% or 0.62 points to trade at 2.41 at the close ...