ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent ...
Read More »Reckitt Benckiser is crying over $6.5bn of spilled milk
When Laxman Narasimhan cut the full-year outlook for Reckitt Benckiser Group Plc in October, the company’s new chief executive officer threw in everything but the kitchen sink. Last week, he said the operating margin would be much lower in the future and announcing a 5 billion-pound ($6.5 billion) writedown to the value of the Mead Johnson baby-formula business, which Reckitt ...
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