Shares in the consumer goods company surged on Friday morning after a US court ruled in the company’s favour with regard to disease risks related to baby formula. There has been no formal statement here but the company’s independent subsidiary Mead Johnson did issue a press release last night. The Reckitt Benckiser share price is up by around 10% in the first hour of trade.
The fast fashion company has been locked in a battle with Frasers Group in recent weeks after the company initiated a review into maximising shareholder value along with replacing the CEO. Frasers took exception to this, instead suggesting that Mike Ashley should be appointed as CEO along with other board changes. Today’s news that the CEO of boohoo’s Debenhams division is being promoted may up the stakes with Frasers Group, but the initial market reaction was positive. Boohoo’s share price jumped almost 5% after the open although was quick to give back much of those gains.
The iconic sports car manufacturer published Q3 results earlier in the week with investors finding some cause for cheer. The stock had been gaining ground since the release, pushing out to highs not seen since the start of October during Thursday’s trade. However, profit takers now appear to be moving in, selling down their holdings. The Aston Martin share price is one of the worst performers on the FTSE-250 this morning, down by as much as 3% in early trade.
Most read stories today
Appointment of new boohoo Group CEO - - Boohoo Group (BOO)
