LONDON, June 26, 2026, 12:04 BST
- RELX was last quoted at 2,296p bid, 2,298p offer, off 3.0%. The FTSE 100 slipped 0.74%.
- The stock was down roughly 43% from its 4,030p high for the year and about 5.1% under the weighted average price that RELX paid during buybacks last week.
- RELX picked up 66.2 million shares since Jan. 2, about 3.8% of its outstanding stock after this week’s buyback, according to the latest filing.
- Relx is set to report first-half results on July 23, a test for whether AI-driven growth in Legal and Risk has done enough to ease the de-rating.
RELX PLC (LON:REL) underperformed the broader London market Friday, trading at 2,296p to sell and 2,298p to buy late morning. The FTSE 100 slipped 0.74% to 10,451.50.
The standout number is the buyback. RELX picked up 2.94 million shares last week through ABN AMRO Bank N.V. (AMS:ABN). Based on published daily volumes and VWAPs, the week’s average price works out to around 2,422p. By Friday, the price had dropped roughly 5.1% from that mark.
RELX is running one of the FTSE 100’s bigger capital-return programs. The company said this month it would buy back 200 million pounds worth of shares from June 9 to June 26, just after it finished a 150 million pound tranche. Both are part of the 2.25 billion pound buyback expected to finish in 2026.
At Friday’s market cap of 40.27 billion pounds, RELX’s 2026 buyback plan stands at about 5.6% of its equity value. The shares are still down about 43% from the 4,030p high for the year. Current P/E is 20.79, and the dividend yield is 2.9%.
RELX said in its June 22 buyback update it bought 66.18 million shares so far this year. That leaves the company with 1.76 billion shares in issue outside of treasury and 70.29 million shares held in treasury after settlement, according to the notice.
RELX slid on Friday, posting a bigger loss than the London market. The FTSE 100 was down with commodity names dragging, while fresh worries about AI-linked investment also pressured sentiment, Reuters said.
RELX has kept its numbers solid so far. In February, the company posted 2025 revenue of 9.59 billion pounds, up 7% underlying, and adjusted operating profit of 3.34 billion pounds, a 9% rise. CEO Erik Engstrom said RELX had “strong underlying revenue and profit growth” and said AI is helping the company “add more value” for customers. Relx
RELX stuck to its full-year outlook in its April trading update. The company said Legal showed double-digit revenue growth in both law firms and corporate legal, thanks in part to more use of Lexis+ with Protégé. Risk also got a lift from AI-powered analytics. RELX repeated that it expects more strong underlying revenue and adjusted operating profit growth this year.
Rob Hales, senior equity analyst at Morningstar Inc (NASDAQ:MORN), called RELX “deeply undervalued” after the April update. Morningstar kept its 4,200p fair value target and said it expects RELX’s wide moat to hold as more AI shows up in its tools. Morningstar
Next test for RELX comes July 23, as the company is set to post results for the half-year ended June 30.
