Durex reassures over condom supply
Tuesday 26 July 2011
Durex dismissed fears that condom supplies to the UK were under threat yesterday, even though a legal row with a major Indian manufacturer remains unresolved.
The statement came as Reckitt, which also produces Dettol, Cillit Bang and Air Wick, reported a 14 per cent increase in adjusted operating profit to £1.1bn in the six months to June.
TTK Lig, which is thought to produce more than half of Durex's condoms, halted its supply in May, following a dispute with its parent company Reckitt Benckiser over pricing and distribution rights. Durex said there were still "plenty" of its condoms available, despite a City analyst warning that retail supplies were waning and after a High Court bid to force TTK to resume supply failed.
Alex Smith, an analyst at Citigroup, said industry sources suggested the Indian supply disruption was being felt in the UK at retailer level. However, a spokesman for Durex yesterday dismissed the claims, saying other factories had stepped up production to help make up for TTK.
Reckitt's shares rose 48p to 3,526p as the blue-chip company said demand for household and personal care products in emerging markets boosted its second-quarter profits and sales. Sales in Asia, Africa, Latin America, the Middle East and Eastern Europe offset a weaker performance in Western Europe and North America. PA
- 1 Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
- 2 HeForShe campaign: Iceland to follow up Emma Watson speech with UN women's rights conference – for men only
- 3 Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
- 4 Ed Sheeran dedicates song to David Cameron
- 5 Now we know whose fault it is if you end up being murdered in Thailand
Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
Car tax disc changes: Five facts you never knew about your (almost obsolete) tax disc
The Aral Sea: Nasa pictures show how what was once the fourth largest lake in the world has become almost completely dry
Thailand beach murders: Hannah Witheridge 'was raped by two men before being killed'
Isis, we are told, is a 'clear and dangerous threat to our way of life'. I’m sorry, but I just don’t buy it
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
The Osborne Ultimatum: Chancellor’s benefits freeze bombshell will affect ten million households
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Should gay sex be illegal? 16% of Britons think so
Mark Reckless becomes second Tory MP to defect to Ukip in a month
- < Previous
- Next >
iJobs Money & Business
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...
£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...
Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...