Good morning.
We start the day with a bullish update from Reckitt Benckiser, which appears to be shrugging off the inflation fears hitting its rivals.
The consumer goods group said it’s targeting higher profit margins in 2022 even though costs are rising at an “unprecedented” level. It’s set to lift prices for customers to achieve this.
The Dettol maker reported higher revenue in the final quarter of last year thanks to stronger demand for its cold and flu products.
5 things to start your day
1) Former Kazakh dictator controlled £6bn empire from Britain A UK entity was at the centre of the financial interests of a key ally of Vladimir Putin
2) Sky to hike broadband and TV bills for millions of customers Households face increases of up to £43 a year amid cost of living crisis
3) Sir Nick Clegg promoted to tackle Facebook’s mounting problems The former deputy prime minister will become president of global affairs at Meta
4) EU says it’s ready if Russia ‘weaponises’ gas supplies Ursula von der Leyen says other countries agree to step up exports to the bloc
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