Spanish businessman, chairman and CEO of PepsiCo since 2018.
Reckitt has indicated that sustained oil prices at $110 per barrel will lead to higher costs of around £130-150 million in 2026. The company reports modest revenue growth, impacted by global health trends and geopolitical conflicts, but maintains its full-year sales guidance despite profit margin pressures expected in the first half.
A wave of earnings reports and mixed inflation signals have kept markets cautious. Major corporates report results this week as investors weigh outlooks against rising costs and central-bank expectations.
Grocery volumes have declined while prices stay elevated, signaling that higher costs are shifting consumer behavior. Retailers and manufacturers are using promotions and value-focused tactics to regain unit growth, with Bain’s data showing volume declines despite inflation aiding sales in the sector.