Reckitt Benckiser Group plc starts £540 million share buyback after Europe warning rattles investors
Reckitt Benckiser launched a new share buyback of up to £540 million on Monday, with Deutsche Bank handling purchases through July 27. Shares ended down about 2% in London despite the move. The company warned Europe will stay challenging and a weak cold-and-flu season will hurt first-quarter demand. Fourth-quarter sales rose 5.4% overall but fell 4.5% in Europe.