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The latest update is out from Reckitt ( (GB:RKT) ).
Reckitt Benckiser Group PLC announced the repurchase of 79,794 of its ordinary shares from HSBC Bank plc, as authorized by shareholders at the 2024 Annual General Meeting. This transaction, executed on January 15, 2025, results in Reckitt holding a total of 50,576,715 shares in treasury, affecting the total number of voting rights in the company, which now stands at 685,958,464. This share buyback is part of the company’s strategic financial management and could potentially enhance shareholder value by reducing the number of shares available in the market.
More about Reckitt
Reckitt Benckiser Group PLC operates in the consumer goods industry, specializing in health, hygiene, and home products. The company offers a wide range of products including over-the-counter medicines, cleaning supplies, and personal care items, catering to both individual consumers and businesses globally.
YTD Price Performance: 0.62%
Average Trading Volume: 1,608,361
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £33.37B
For an in-depth examination of RKT stock, go to TipRanks’ Stock Analysis page.