Business

Reckitt Benckiser results beat forecasts

Reckitt Benckiser Group

Last Updated at 23 Nov 2017, 11:43 GMT *Chart shows local time Reckitt Benckiser Group intraday chart
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Shares in consumer goods group Reckitt Benckiser have risen more than 3% after the firm announced better-than-expected earnings.

The firm's full-year results for 2011 showed a net profit of £1.7bn, an 11% increase on the previous year.

Its new chief executive plans a big push into emerging markets.

Rakesh Kapoor, who took over last September, wants Reckitt to generate half its sales in countries such as Brazil and China by 2016.

The focus will be on Reckitt's health and hygiene brands, which include Nurofen and Dettol.

Speaking about his strategy, Mr Kapoor said: "We should be investing more in these markets as this is where there is the opportunity for growth. We are shaping our business for tomorrow."

Last year, sales in emerging markets grew 13%, while revenue in Europe fell by 1%.

Reckitt Benckiser shares were the top gainers on the FTSE 100 index on Wednesday.

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