1039 GMT - RS Group remains well-positioned for recovery, RBC Capital Markets analysts Andrew Brooke and Karl Green write in a note. The industrial and electronics products distributor launched a share buyback program for up to 100 million pounds and reported higher pretax profit for fiscal 2026. RS Group's stronger-than-expected free cash flow and share buyback plan might show that no major mergers or acquisitions are currently in preparation, they say. Shares are up 13.2% at 6.80 pounds. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
May 20, 2026 06:40 ET (10:40 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.