UK housebuilder; FTSE 100 member
Oil prices have climbed as tensions over the Strait of Hormuz intensify, with US and Iran taking actions that could affect global energy flows. Markets show mixed moves while investors monitor potential policy responses.
Reckitt has indicated that sustained oil prices at $110 per barrel will lead to higher costs of around £130-150 million in 2026. The company reports modest revenue growth, impacted by global health trends and geopolitical conflicts, but maintains its full-year sales guidance despite profit margin pressures expected in the first half.
Britain’s biggest housebuilders are facing a multibillion-pound class-action lawsuit after accusations they colluded on pricing, harming more than 700,000 buyers of new-build homes between 2015 and 2026. The claim seeks up to £4.5bn in compensation, with per-home payments estimated at £3,100-£6,200. The Competition Appeal Tribunal must approve the case before it proceeds.