Shares in Reckitt Benckiser were up on the FTSE 100 in afternoon trading ahead of the consumer goods company's full year results, expected tomorrow.
Last November the group reported better than expected third quarter figures, thanks to the innovation of new products, cost cutting and a push for sales in emerging markets.
Tomorrow's update is also expected to show good emerging market sales and will also be free of last year's restructuring charges, making for better comparatives. However the group could find its profit margins under attack thanks to rising commodity prices.
Ahead of the update Keith Bowman, analyst at Hargreaves Lansdown, said, "Over the full year, sales are forecast to have grown by 9.7 per cent to £8.5 billion on a consensus analyst basis, with pre-tax profit projected to increase by 15.6 per cent to £2.18 billion on the same basis. Ahead of the results, market consensus opinion currently denotes a buy."
By 14:05 shares in Reckitt Benckiser were up 0.32 per cent on the FTSE 100 to 3,450.00 pence per share.