UK's RS Group surges after new buyback, beating FY estimates

RS

20/05/2026 08:52

** Shares of British industrial and electronic components supplier RS Group RS1R.L rise as much as 10.3% to 662.5p

** Co slightly beats full-year revenue and adjusted pretax profit estimates

** Launches a share buyback program of 100 million pounds ($133.9 million), which a Panmure Liberum analyst says "will be taken positively by the market"

** Co sees improving momentum for the year 2026-27 as most of its major markets are now back into low-single-digit growth

** Stock has fallen ~4% so far this year

($1 = 0.7467 pounds)

 (Reporting by Roshni Srivastava in Bengaluru)

 ((roshni.srivastava@thomsonreuters.com))