Reckitt kicks off £150M first tranche of £500M buyback with Citi
What's the deal? Reckitt Benckiser Group PLCDealroom has a profile for this one. Try Dealroom → will start on Wednesday the £150 million first tranche of the £500 million share buyback it announced with last week's interim results. Citigroup Global Markets LtdDealroom has a profile for this one. Try Dealroom → will run the tranche, due for completion by December 11.
What's the endgame? All shares purchased in the first tranche will be held in treasury. The buyback came alongside a 5.0% rise in the interim dividend to 88.6 pence per share, from 84.4p.
The numbers: The Slough, England-based consumer goods firm reported pretax profit fell a quarter to £981 million in the first half of 2026, from £1.31 billion a year earlier. Net revenue declined 8.2% to £6.41 billion from £6.98 billion.
Why now? The prior-year figure included £911 million from the since-sold Essential Home division. Stripping that out, net revenue from Reckitt's "core" offering plus Mead Johnson NutritionDealroom has a profile for this one. Try Dealroom → rose 1.7% to £6.18 billion from £6.07 billion.
The signal: The buyback and dividend hike signal confidence as Reckitt reshapes around its core brands, even as headline revenue and profit slid. The stock trades at 5,278.00 pence, down 9.1% over 12 months.
Read more: LSE.co.uk
