Reckitt, maker of Dettol and Lysol cleaning products, on Wednesday missed third-quarter like-for-like sales expectations as volumes declined, but said it would start a 1 billion pound ($1.2 billion) share buyback programme "imminently". Major consumer goods companies have hiked prices since the COVID-19 pandemic to make up for higher costs, prompting an increase in competition from cheaper brands as shoppers look for better deals. In Reckitt's case, even as volumes for its health business rose, they continued to decline at its hygiene segment.