FTSE 100 (^FTSE)

European Stocks Drift Higher as Big Week for Central Banks Begins

European stocks drifted higher on Monday in line with equities globally amid upbeat sentiment to start a week dominated by news out of central banks. Frankfurt’s DAX advanced 0.3% with the pan-European Stoxx 600 gaining 0.1%. A big week for central banks lies ahead, with the Bank of Japan widely expected to raise interest rates into positive territory for the first time in almost a decade on Tuesday and a rate decision from the Federal Reserve due on Wednesday.

Reckitt says many cases filed against baby formula makers

LONDON (Reuters) -Reckitt said on Monday that many cases had been filed against baby formula makers in general, and it was unclear how many directly related to its unit's Enfamil product. An Illinois jury last week ordered Reckitt unit Mead Johnson to pay $60 million to the mother of a premature baby who died of an intestinal disease after being fed the company's Enfamil baby formula. The jury in a state court in St. Clair County found Mead Johnson was negligent and had failed to warn of the risk of necrotising enterocolitis (NEC).

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‘St James’s Place charged me £10k over seven years – but I never saw an adviser’

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Trans women included in push for more female chief executives in FTSE 100

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Baby formula lawsuit wipes £7bn off FTSE 100 giant

Consumer goods giant Reckitt has suffered a £7bn share price slump after it lost a US legal case claiming its baby formula contributed to the death of a premature child.

Reckitt to challenge $60 million baby formula verdict, shares sink

London-listed shares of the consumer goods giant dropped more than 15% to their lowest in a decade, as the verdict triggered fears that Reckitt would face more financial liabilities from lawsuits related to the baby formula. An Illinois jury ordered Reckitt unit Mead Johnson on Wednesday to pay $60 million to the mother of a premature baby who died of an intestinal disease after being fed Enfamil. "We strongly disagree with the jury's decision to fault Mead Johnson and award damages," Reckitt said in a statement on Friday.

• UPDATE 2-Reckitt says many cases filed against baby formula makers

  Reuters
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  Reckitt says many cases filed against baby formula makers

  Reuters

Unilever risks another clash with investors as Ben & Jerry’s maker reveals CEO could make up to $19 million this year

Unilever boss Hein Schumacher had his base pay frozen last year after 60% of shareholders voted against his hefty pay package.