Procter & Gamble issues warning after good quarter

Procter & Gamble maker of Tide detergent and Pampers nappies, is forecasting the slowest sales growth in years as tightening consumer belts begin to hit household staples.

The outlook comes after the Cincinnati-based consumer products giant announced its biggest annual sales increase in 16 years on Friday due to price increases it placed on mainstays from toothpaste to toilet paper.