Reckitt Benckiser Gp RB. The first quarter got off to a slow start but improving growth is seen for the remainder of the year, particularly in the second half. Like for like full year net revenue target is expected to show growth of 3-4% compared to 1% in the first quarter. The health business was impacted by an unusually weak cold and flu season across US and several European markets. First quarter sales of over the counter health products showed a like for like decline of 9%. The good news is that March saw an increased incidence of cold and flu and coincidentally, of course, an increased share performance.
Paddy Power Betfair PPB updates that the first quarter to the 31st March was a good one with total revenue up by 17%, led by gaming with a rise of 26%.Online revenue performance at Sports was affected by unfavourable results in both the UK and Ireland. Australia is described as having had a very strong quarter, whilst from the US huge progress is reported.
Smith & Nephew plc SN has made a good start to 2019 across the whole of the company. Underlying revenue growth for the full year is expected to be in the upper half of the guidance range of 2.5% to 3.5%.Mid-teens growth from the Emerging Markets, A strong quarter in China was accompanied by Mid-teens growth from Emerging Markets. First quarter revenue of $1,202 million saw growth 4.4% and all three global franchises accelerated, with growth ahead of 2018.
Rolls Royce Holdings plc RR updates for its AGM that it has continued to make progress with its restructuring programme. The market environment is healthy, with strong order intake at Power Systems, good flying hour growth in Civil Aerospace and positive order momentum in Defence. Costs are being brought down and engineering efficiency is being improved
Fisher (James) FSJ reports for its AGM that its first quarter financial performance at its Tankships and Offshore Oil divisions in the first quarter. is well ahead of last year. The pipeline of opportunities in its Specialist Technical remains strong. With a good start to 2019 the outlook for the year remains positive and the company is well placed for further growth.