Reckitt Warns of War Costs

Reckitt's shares slumped following the announcement, as the company struggles with supply chain disruptions in the Middle East and the impact of EU sanctions on its Russia business.

The firm noted that higher raw material costs are likely to be passed on to consumers, further fueling global inflation concerns.

Despite these challenges, Reckitt saw strong performance in emerging markets, where like-for-like sales grew by over 7%.

The company is now focusing on cost-cutting measures and strategic pivots to protect its margins through the remainder of the fiscal year.