Reckitt Stock: Dettol Maker Takes GBP175m Loss Exiting Russia
Reckitt is selling its Hygiene business in Russia while keeping its Health division there, booking a loss of about 175 million pounds in the process.
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Get live United Kingdom data with ProOver the last 90 days, Household Goods & Home Construction shows 68 positive, 4 neutral and 72 negative news signals across its constituents. The auto-generated sector insight (top drivers with direction + rationale) appears here once the analysis worker has processed enough items.
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The most recent stories affecting Household Goods & Home Construction, across all of our coverage.
Reckitt is selling its Hygiene business in Russia while keeping its Health division there, booking a loss of about 175 million pounds in the process.
Reckitt has agreed to sell its Russian hygiene business to Arnest Management, completing its exit from the market and removing a reputational overhang.
Reckitt has sold its Russian hygiene products business, finishing a retreat from the market it began scaling back after 2022. The deal removes a lingering risk from the group's accounts.
Howden Joinery Group reported sales and profit growth with strong margins in H1 2026, and said its DIY Kitchens acquisition is proving accretive to earnings.
Regulatory notification of director or person discharging managerial responsibilities (PDMR) shareholding change at Barratt Redrow plc.
A proposed mansion tax has been linked to a sharp fall in prime Westminster house prices, a trend that matters most for Berkeley Group given its focus on high value London developments.
Mixed analyst moves: Deutsche Bank downgrades Mitie, while Jefferies upgrades Reckitt Benckiser.
Major UK lenders have raised mortgage rates amid renewed market uncertainty, a headwind for homebuilders that rely on affordable borrowing to sell new homes.
Bellway's home completions declined in a softer UK housing market, but the housebuilder held its profit margins steady, a sign of tight cost control.
Howden Joinery stock trades near recent highs supported by solid earnings performance and cash returns to shareholders.
Barclays has raised some mortgage rates after the conflict in Iran stoked inflation fears and pushed up funding costs, a move that also weighs on housebuilder demand.
Barratt Redrow has announced a share buyback programme of up to 400 million pounds after reporting a rise in home completions, signalling confidence in its cash position.
Barratt Redrow has opted to return cash to shareholders through share buybacks rather than raising its dividend, a capital allocation call from its latest investor update.
Platform Housing Group has bought every one of the 177 new homes at Vistry's Chelmsley Wood scheme in Solihull in a single bulk transaction.
Average fixed mortgage rates have posted their biggest monthly fall since 2024, easing pressure on buyers even as brokers warn Middle East tensions could reverse the trend.
Taylor Wimpey has bid for its share of the Worsley development scheme in Greater Manchester, adding to its forward land pipeline for future home building.
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