Reckitt Benckiser Drops at Close After £1 Billion Buyback Wraps Up
Reckitt Benckiser Group closed at 4,614 pence on Friday, losing 35 pence. The shares moved between 4,611 pence and 4,659 pence. Volume jumped to 6.62 million, over three times the usual pace. London stocks wrapped up a tough week. Reckitt closed out the £1 billion share buyback it kicked off last July. The weekly drop was modest. With the program now over, that steady buyer is gone as investors look again at costs and sales in developed markets.