City snapshot: Reckitt Benckiser brings in PepsiCo exec to replace Rakesh Kapoor

Reckitt Benckiser has announced that PepsiCo executive Laxman Narasimhan will succeed Rakesh Kapoor as chief executive. Plus, Lidl outlines £500m London investment plan, British American Tobacco banks on innovation to boost second half earnings and all the rest of the latest news from the City.