Reckitt Benckiser Group PLC - Slough, England-based consumer goods company - Announces the third tranche of £500 million in its ongoing £1 billion share buyback programme. The first two tranches were for £250 million each, the second of which has been running since the start of February. Says the third tranche will commence upon completion of the second, expected in April. Morgan Stanley will run the third tranche on behalf of Reckitt. Reckitt says the acceleration of the programme reflects its ‘confidence in the continued strong free cashflow generation of Reckitt and its framework for enduring value creation’.

Current stock price: up 1.2% at 4,402.99 pence per share in London on Wednesday

12-month change: down 28%

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