SoftBank announces record ¥500bn buybackTOKYO — SoftBank Group Corporation is prepared to spend a record ¥500bn ($4.4bn) buying back stock after the Japanese wireless carrier saw its shares drop to their lowest since buying Sprint in 2013.SoftBank will buy as many as 167-million shares, or 14.2% of its stock, using cash holdings and the proceeds of asset sales, the Tokyo-based company said on Monday. The company, saddled with about $100bn of total debt, said it would not resort to more loans to fund the programme.BloombergReckitt Benckiser full-year sales beat estimatesLONDON — Consumer goods maker Reckitt Benckiser Group posted stronger than expected full-year sales on Monday, helped by its focus on faster-growing consumer health products.The maker of Mucinex cold medicine, Nurofen tablets and Durex condoms, which has been pouring resources into such consumer health products, said like-for-like sales rose 6% in the full year, versus analysts’ expectations for a rise of 5.3%, accord...
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