Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Business
Holly Williams

Reckitt raising prices to offset cost pressures amid Iran war

Household goods giant Reckitt Benckiser has revealed falling third-quarter revenues after a £100m hit to Mead Johnson baby formula powder sales following tornado damage to a key warehouse in the US (Alamy/PA) -

Household goods giant Reckitt Benckiser has said it is increasing prices in the UK and worldwide in the face of rising costs amid the Iran war.

Chief executive Kris Licht told the Press Association the group was pushing through “moderate” price increases in most of its markets, including the UK, to offset cost pressures, such as volatile oil prices caused by the Middle East conflict.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.