Upbeat outlook from P&G

Procter & Gamble forecast a slightly more upbeat 2014 than expected yesterday as chief executive AG Lafley tries to get the world’s largest household products maker back on track without sacrificing profitability. P&G reported lower quarterly earnings but they still topped the company’s muted expectations from April. Core earnings per share fell to 79 cents from 82 cents a year earlier, beating its April forecast of 69 cents to 77 cents. Sales rose 2.2 per cent to $20.66bn.