LONDON, June 30, 2026, 21:05 BST
- RELX gained 0.25% to 2,366p, edging past the FTSE 100, which added 0.12%.
- The company will kick off a £100 million buyback July 1. A separate £200 million round finished June 26.
- RELX bought 69.2 million shares since Jan. 2. The company is set to report half-year results on July 23.
RELX PLC (LON:REL) edged up 0.25% to 2,366p on Tuesday. The buyback now has more of an impact than recent earnings updates. The FTSE 100 ended the session up 0.12%. RELX finished with a market cap close to £41.5 billion in London trading.
RELX said Monday it will launch a £100 million buyback from July 1 to July 21. That follows the end of a £200 million program on June 26. The new buyback is part of RELX’s £2.25 billion 2026 plan.
Buying £100 million at Tuesday’s close would get around 4.23 million shares, assuming trades go through at that price. That’s close to 1.5 times Tuesday’s reported volume of roughly 2.85 million. The company said it will stick to preset limits under its AGM mandate.
RELX picked up 3.0 million shares between June 22 and 26, paying a volume-weighted average price around 2,354p. That’s just 0.5% less than where the stock closed on Tuesday. Since Jan. 2, RELX has repurchased 69.2 million shares—about 3.9% of its current ordinary share count, except for treasury shares.
| RELX market snapshot | Tuesday figure | Investor read |
|---|---|---|
| Last price | 2,366p, up 0.25% | Edges past FTSE 100 |
| Open / high / low | 2,357p / 2,399.25p / 2,333p | 2.8% range on the day |
| Volume | 2.85 million shares | July buyback at 4.23 million shares by close |
| Year high / low | 4,030p / 1,991p | Trade 41.3% under year high |
| Market value | £41.48 billion | 2026 buyback plan is 5.4% of market cap |
Analyst numbers put the trade in perspective. MarketScreener’s data shows a BUY consensus for RELX across 16 analysts. The average price target is £35.70, while RELX last closed at £23.60. Goldman Sachs held its Buy rating as of June 30, and Deutsche Bank also kept Buy on June 23.
Chief Executive Erik Engstrom said in February that RELX saw “strong underlying revenue and profit growth” in 2025. He also called artificial intelligence “a key driver of our business” for more than a decade.
Legal kept its spot as RELX’s fastest-growing core business by underlying revenue in 2025, with profit outpacing the wider group. That’s why Legal is as important as the buyback, going by the most recent operating data.
| Segment | 2025 revenue | Underlying revenue growth | Adjusted operating profit growth |
|---|---|---|---|
| Risk | £3.49 billion | up 8% | up 10% |
| Scientific, Technical & Medical | £2.71 billion | up 5% | up 7% |
| Legal | £1.81 billion | up 9% | up 12% |
| Exhibitions | £1.19 billion | up 8% | up 9% |
Relx is set to report results for the six months to June 30 on July 23. The buyback window runs until July 21, ending just before the results release but after the period covered in the report.
RELX is lagging behind the wider market. The FTSE 100 edged up 0.1% on Tuesday and posted its sixth consecutive quarterly gain, Reuters said. MarketScreener put RELX down 21.66% since Jan. 1.
RELX’s dividend yield is around 2.9% based on current prices. With the annual buyback at 5.4% of the market cap, combined capital returns run about 8.3%, assuming the share price stays flat. The question for July 23 is if Legal and Risk post enough growth to keep this pace going, without extra strain on the valuation multiple.
