New CEO vows improvements as Reckitt cuts sales forecast again
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LONDON (Reuters) - British household goods maker Reckitt Benckiser has cut its full-year sales forecast for a second time, leading new CEO Laxman Narasimhan to halt any initiatives that might distract managers from improving the company's performance. The Durex condom and Lysol disinfectant maker said on Tuesday it now expected like for like sales growth between flat and up 2%, down from its previous target of 2-3%.Shares of the company fell as much as 5.5% to 55.10 pounds, the lowest since May..