RS Group plc (RS1.L), a distributor of maintenance, repair and operations products and service solutions, on Wednesday announced a share buyback programme of up to 100 million pounds over a 12-month period.
The company said the buyback will commence immediately and end no later than May 19, 2027.
The company said the programme is part of its capital allocation policy and complements its progressive dividend policy while supporting efficient deployment of capital.
On Tuesday, RS Group closed trading 1.48% lesser at GBp 600.50 on the London Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.