London, June 25, 2026, 14:09 BST
- RELX slipped 0.8% to 2,359p. The FTSE 100 added 0.87%.
- The most recent average price for disclosed buybacks came in at 2,422.4p. Shares are trading 2.6% lower.
- The £200 million mandate started the week holding about £71.9 million.
RELX PLC LON:REL shares slipped 0.8% to 2,359 pence as of 1401 BST Thursday. The move came as the FTSE 100 added 0.87%. RELX was still down 41.5% from its 52-week high at 4,030 pence.
RELX started the week with around £71.9 million left to spend under its June 9-26 buyback, according to purchases disclosed through June 19. That means £14.4 million per day if spread equally across the week’s five sessions. At Thursday’s price, that’s about 610,000 shares daily, or 11% of its reported average daily volume. The £200 million mandate is part of RELX’s £2.25 billion plan running to 2026.
RELX bought 2.94 million shares for £71.1 million between June 15-19, disclosures show. The weighted average was 2,422.4 pence. Shares closed down 2.6% on Thursday.
RELX dropped 4.6% from the close on June 12 to June 19. By Thursday afternoon, the stock was down 5.3% since June 12, while the FTSE 100 was up around 0.8%.
Shares in issue outside treasury dropped to 1.758 billion from 1.824 billion since December 31 after the newest batch. That’s a net decrease of 65.77 million shares, about 3.6%. RELX picked up 66.18 million shares during the period. Other changes in the share count only offset around 410,000 of that gross cut.
On an end-point basis, the reduced share count would lift earnings per share by around 3.7% if profit stays flat. The impact in the first half will be less, since the buying happened over time. The buyback is boosting the EPS math more than it is moving the stock.
RELX held its 2026 targets steady in April. The company reported double-digit growth in Legal, powered by more customers using Lexis+ with Protégé. It still sees adjusted operating profit growing faster than revenue in its key analytics units.
RELX finance chief Nick Luff said in February the company uses its own algorithms to deliver “the right judgments, the right inferences, and the right interpretations” for professional clients, according to Reuters. Reuters
Morningstar’s Rob Hales put fair value at 4,200 pence after the annual results, calling the shares “deeply undervalued.” On Thursday, the stock traded about 44% under that estimate. Morningstar
RELX will report first-half results on July 23, covering the six months ended June 30.
