For some companies the impacts of the coronavirus aren’t all bad [MarketWatch]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: MarketWatch
For some companies the impacts of the coronavirus aren’t all bad The increasingly global spread of coronavirus has decimated stocks in recent days and companies have issued profit warnings over the outbreak at an alarming rate. However, not all of the consequences of the virus are having a negative impact, as some companies are finding out. Consumer goods giant Reckitt Benckiser RB, +2.70% said on Thursday it had seen increased demand for its Dettol and Lysol cleaning products, which include antibacterial hand gels, surface cleaners and disinfectants. The company has been working with healthcare authorities in China, providing its products to help fight the outbreak. The World Health Organization has urged people to regularly wash their hands and also warned the virus could be picked up by touching surfaces. Reckitt Benckiser, whose brands also include Durex and Strepsils, said online sales from consumers in China had climbed. Chinese authorities have closed malls and public places
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