Monday, July 28, 2014

Reckitt Benckiser to spin off pharmaceuticals arm

British household goods firm Reckitt Benckiser (RB) has decided to spin off its US-based pharmaceuticals division, it announced on Monday after a strategic review. The company will float the unit, RB Pharmaceuticals, on the London stock market later this year, it said in a statement which also revealed that first-half net profits jumped by almost […]

Read more here Capital Business