Reckitts, maker of Dettol, Harpic cuts its profits outlook again

Reckitt Benckiser’s new chief executive promised to step up spending on its brands and improve performance after the British household goods maker cut its full-year sales forecast for a second time. Shares of the Durex condom and Dettol and Harpic maker fell up to 5.5% at one stage.

“We are not pleased with where we are and we must consistently deliver,” Laxman Narasimhan, who took over from long-time CEO Rakesh Kapoor in September, said on his first call with the investment community.