Reckitt Benckiser Launches GBP 540 Mln Third Tranche Of GBP 1 Bln Share Buyback

Reckitt Benckiser launched the third tranche of its £1.0 billion share buyback programme. The move represents continued capital return to shareholders and is likely to provide modest support to the stock in the near term. No tranche size or timing details were provided in the announcement.

Analysis

Reckitt Benckiser launched the third tranche of its £1.0 billion share buyback programme. The move represents continued capital return to shareholders and is likely to provide modest support to the stock in the near term. No tranche size or timing details were provided in the announcement.