Reckitt sales slow

Reckitt Benckiser, maker of Dettol cleaning products and Durex condoms, today reported a decline in sales volumes in the third quarter and warned of pressure on consumers globally.

AJ  Bell’s Laith Khalaf said: “Slowing quarterly sales growth at consumer goods outfit Reckitt Benckiser, and an absolute decline in the volume of goods sold, highlighted how the big pressures on household budgets are having an impact.

“The company also offered little comfort for shoppers facing higher prices on the shelves as it pledged to continue passing on higher costs. From Reckitt’s perspective this at least demonstrates that its brands retain some pricing power.”