No Result
View All Result
Saturday, June 3, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Pay us by borrowing from treasury bill market- Pensioner bondholders reiterate calls to govt

    Ghana’s energy sector needs audit to ascertain debt levels – COPEC

    Sole implementation of cylinder recirculation model threatens our investment – LPG Operators

    Mobile money disrupted banking in Ghana – Zeepay CEO

    Independent Power Producers demand 30% payment of arrears

    We are confident of meeting IMF conditions for fiscal consolidation – Ofori – Atta

    Fuel pricing: COPEC predicts marginal drop in first window of June 2023

    ACEP pushes for research in Africa’s energy sector

    Cyber Security Authority mandate critical to country’s development – Joseph Cudjoe

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Mobile money disrupted banking in Ghana – Zeepay CEO

    Ghana’s oil reserve recording steady growth – GNPC CEO

    Fuel pricing: COPEC predicts marginal drop in first window of June 2023

    ACEP pushes for research in Africa’s energy sector

    African leaders urged to employ energy policies that will transform Africa

    COVID -19 levy must be abolished – Importers & Exporters insist

    Halt implementation of utility tariffs increment- FABAG tells govt

    Govt maintains COVID-19 levy despite calls for removal

    Strengthen Financial Stability Fund to support struggling banks – Dr. Atuahene

  • TECHNOLOGY

    Cyber Security Authority mandate critical to country’s development – Joseph Cudjoe

    MTN shareholders given choice to convert dividend or take cash

    Ghana gets $300 million from US to build first-of-its-kind data center

    Telcoms industry players urged to partner government to promote clean energy transition

    Dominion University To Partner With USA Organisations To Set Up Centre Of Excellence For Artificial Intelligence

    Cyber Security Authority commences licensing and accreditation regime

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Mining propels Ghana to beat growth estimates in fourth quarter

    BoG pushes for improvement in IMF’s lending framework to boost continent’s access to resources

    Foreign exchange: Several African countries have a shortage of US dollars – why this happens and how to fix it

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

    5 important things to know about the African Continental Free Trade Area agreement

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Pay us by borrowing from treasury bill market- Pensioner bondholders reiterate calls to govt

    Ghana’s energy sector needs audit to ascertain debt levels – COPEC

    Sole implementation of cylinder recirculation model threatens our investment – LPG Operators

    Mobile money disrupted banking in Ghana – Zeepay CEO

    Independent Power Producers demand 30% payment of arrears

    We are confident of meeting IMF conditions for fiscal consolidation – Ofori – Atta

    Fuel pricing: COPEC predicts marginal drop in first window of June 2023

    ACEP pushes for research in Africa’s energy sector

    Cyber Security Authority mandate critical to country’s development – Joseph Cudjoe

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Mobile money disrupted banking in Ghana – Zeepay CEO

    Ghana’s oil reserve recording steady growth – GNPC CEO

    Fuel pricing: COPEC predicts marginal drop in first window of June 2023

    ACEP pushes for research in Africa’s energy sector

    African leaders urged to employ energy policies that will transform Africa

    COVID -19 levy must be abolished – Importers & Exporters insist

    Halt implementation of utility tariffs increment- FABAG tells govt

    Govt maintains COVID-19 levy despite calls for removal

    Strengthen Financial Stability Fund to support struggling banks – Dr. Atuahene

  • TECHNOLOGY

    Cyber Security Authority mandate critical to country’s development – Joseph Cudjoe

    MTN shareholders given choice to convert dividend or take cash

    Ghana gets $300 million from US to build first-of-its-kind data center

    Telcoms industry players urged to partner government to promote clean energy transition

    Dominion University To Partner With USA Organisations To Set Up Centre Of Excellence For Artificial Intelligence

    Cyber Security Authority commences licensing and accreditation regime

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Mining propels Ghana to beat growth estimates in fourth quarter

    BoG pushes for improvement in IMF’s lending framework to boost continent’s access to resources

    Foreign exchange: Several African countries have a shortage of US dollars – why this happens and how to fix it

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

    5 important things to know about the African Continental Free Trade Area agreement

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Coronavirus: Dettol sales surge as markets fall again

February 28, 2020
in Business, INTERNATIONAL
83
SHARES
1.5k
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Sales of Dettol and Lysol products have surged as the spread of the coronavirus outbreak continues.

The disinfectant is seen as providing protection against the spread of the disease, although its effectiveness has not yet been scientifically proven.

In China, demand for Dettol-branded hand gels is outstripping supply, owner Reckitt Benckiser has said.

ADVERTISEMENT

The shortages come as global markets slump for a sixth day, with the FTSE 100 down more than 3%.

Luxury carmaker Aston Martin and drinks giant Anheuser-Busch InBev are the latest to warn of the virus’s impact on their businesses.

  • Shares in AB InBev, the world’s largest beer maker, fell 9% after it forecast muted growth in 2020, partly due to the outbreak
  • Aston Martin shares tumbled to a record low as it posted a £104m loss before tax and warned it had seen demand drop because of the virus.

“We are seeing some increased demand for Dettol and Lysol products and are working to support the relevant healthcare authorities and agencies, including through donations, information and education. We do see increased activity online for our consumers in China,” Dettol owner Reckitt Benckiser said in its results on Thursday.

“If you look at China today, what you are seeing is that consumer traffic to store is down, but you do see activity moving to online,” Reckitt Benckiser chief executive Laxman Narasimhan said.

He added the firm had “seen some disruptions to retail and distribution channels and getting products in to market”, meaning the effect on company performance had been balanced.

Handwashing with soap is one of the key health messages promoted by governments in the face of the outbreak, and Dettol and Lysol are two of the world’s leading disinfectants.

Online pharmacy Medino said it had also seen a sharp rise in demand for hand sanitiser in the UK since the beginning of early February and said some suppliers were starting to struggle.

“A number of these customers are not our regular buyers, rather we’re seeing new customers purchasing large quantities of hand sanitiser suggesting people are stockpiling in response to recent events,” said superintendent pharmacist Giulia Guerrini.

Meanwhile, AB InBev forecast a 10% decline in first-quarter profit after the coronavirus outbreak hurt beer sales during the Chinese New Year.

Aston Martin – which counts China as its fastest-growing market – also said on Thursday that the outbreak was affecting its sales and supply chain.

“Markets are moving on from thinking it’s all going to blow over and it’s all going to be fine to realising there clearly are some issues here,” said Russ Mould, investment director at AJ Bell.

“We are seeing short-term disruption in a range of industries as the [coronavirus] spread becomes wider and longer, and markets will have to start thinking about a serious slowdown in global economic activity.”

Source: BBC
Tags: CoronavirusDettol
Previous Post

New report casts doubt on govt’s ability to repay US$2 billion Sinohydro loan

Next Post

Stanchart rewards winners of SC Mobile App campaign

Next Post

Stanchart rewards winners of SC Mobile App campaign

Accra Kotoka International Airport Arrivals
ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.