Consumer goods maker Reckitt Benckiser has ramped up its efforts to sell items such as condoms and vitamins online, aiming to capture new revenue streams as traditional markets get more competitive. Reckitt's own Durex condom website in China is already its single largest customer in the world's fastest-growing e-commerce market, doubling the number of unique visitors over the last year to over 20 million. As part of its drive, the group has established a new global "e-business unit" that Chief Executive Rakesh Kapoor says will help it deal better with customers like Amazon.com, be present in marketplaces like those offered by Alibaba and probe new areas such as cross-border e-commerce and direct-selling websites.
- Reuters•8 days ago
The best-performing mutual funds avoided explicit directional bets on the outcome of last month's UK vote to leave the European Union, sitting out the volatility by latching on early to large, defensive, dividend-paying blue chip stocks. This strategy has, so far at least, been the big winner post-referendum as UK stock markets stabilise after the sharp downdraft in the aftermath of the vote. For returns over the past month that capture the market's swings following the Brexit vote, however, that ratio has worsened significantly.
|52wk Range||0.05 - 0.07|
|Day's Range||0.06 - 0.06|
|Avg Vol (3m)||43,085|
As of 1:31 PM EDT. Market closed.