Reckitt Benckiser lowers sales growth target

On the back of an anaemic second quarter, Reckitt Benckiser's (RB.) like-for-like sales were broadly flat during the first half of 2019 as volumes declined 3 per cent. In light of this slow start, guidance for full-year like-for-like sales growth has been revised downwards to 2-3 per cent, from the 3-4 per cent range previously expected.