1. Baby formula helps Reckitt grow Reckitt Benckiser, the maker of Nurofen painkillers, reported higher than expected quarterly sales. The results were boosted by the Mead Johnson baby formula business acquired last year for $18bn. Like-for-like sales grew 4% in the second quarter, beating analysts’ expectations of 2.9% growth. The company has raised its full-year sales outlook. 2. Starbucks pays big bucks Starbucks is raising its dividend and increasing its share buyback programme to return $10bn more to shareholders by 2020 than previously promised, CEO Kevin Johnson said on a conference call last week, after the release of quarterly results. The coffee chain posted revenue of $6.31bn in the period, exceeding Wall Street forecasts for $6.26bn. 3. Busiest airport in the world Hartsfield-Jackson Atlanta International is the busiest passenger airport in the world according to the Airports Council International’s preliminary passenger data for 2017. According to the data, 103.9 millio...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.