Reckitt (RKT LN) CEO says Middle East operations aren't a big part of emerging markets unit and it is too early to quantify impact of conflict on business
Newsquawk Staff ·
Reckitt (RKT LN) CEO says Middle East operations aren't a big part of emerging markets unit and it is too early to quantify impact of conflict on business.
What it means
Reckitt's CEO downplaying the significance of the Middle East on overall business suggests that the current conflict may have a limited immediate impact on the company's performance. However, the uncertainty in the region, combined with the company's inability to quantify effects at this stage, raises broader concerns about supply chains and potential market responses. This could influence investor sentiment towards Reckitt and its peers in the consumer goods sector, especially if geopolitical tensions escalate.
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
- US President Trump says the US will officially ban the term "AI/Artifical Intelligence", due to inaccuracy
- US President Trump says believes I will visit tanker in Texas with Venezuela oil; thinks Secretary of State Rubio will be with him; we are going to accept 1mln bbls of Venezuelan oil
- US President Trump on Truth says "Consumer Confidence is up 7.5%, an extremely big rise"
- US President Trump posts "Congratulations to Lorne Doerkson on his Big Victory. Conservatives are moving strong in Canada!"
Related headlines
- US EQUITY OPEN: Indices in the green as Tech sector outperforms as earnings continue7 hours ago
- US Midterms (7 days out): Democrats’ early-vote lead narrows in 8 states; Texas and Nebraska flip to Republicans, South Carolina now tied9 hours ago
- Newsquawk Daily US Equity Opening News - NVDA plans USD 3bln META investment; SOFI earnings impress8 hours ago
- Israeli election exit poll: Netanyahu bloc 55 seats; opposition bloc 49; Arab parties bloc 16, i24NEWS reports1 hour ago
- Netanyahu’s Likud Party to be largest in Knesset, reports Channel 12 Exit Poll; no clear winner in Israeli election1 hour ago
- Iranian President Pezeshkian and Russian President Putin discussed energy cooperation and trade4 hours ago
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources4 hours ago
- Iranian President Pezeshkian, at a meeting with Russian President Putin, says there is no point in hoping for the US to resolve problems in the Middle East4 hours ago
- Russian President Putin says he discussed the situation in the Middle East one-on-one with Iranian President Pezeshkian and it is a reason for concern, according to Russian press5 hours ago
- Russian President Putin holds bilateral meeting with Iranian President Pezeshkian5 hours ago
- Israeli PM Netanyahu requests extension of voting in the legislative elections until after 10pm5 hours ago
- Russian Foreign Minister Lavrov says the Ukraine conflict is likely to continue and will likely escalate. Leaders of Finland and Norway raised no new proposals.6 hours ago
- Russian Deputy PM Novak says domestic refineries are bringing units back online very quickly following maintenance. Russia and the US could begin cooperating on Arctic LNG projects6 hours ago
- Russian President Putin says Russia should avoid going too far with the green agenda and must consider ending the ongoing conflict and lifting sanctions9 hours ago
- Senior Ukrainian official says the ceasefire in Oleshky will last until November 1st10 hours ago