Deutsche Bank published a research note this week renewing its Buy rating on Reckitt Benckiser Group PLC, emphasizing the consumer health and hygiene specialist’s long-term strategic appeal despite short-term headwinds. While RBC Capital Markets trimmed its outlook to Sector Perform and lowered its price target to £62, Deutsche Bank maintained a higher target based on a five-year earnings compound annual growth rate of 7%, driven by anticipated margin expansion in North America and a stronger innovation pipeline. The bank highlighted Reckitt’s planned disposal of its Essential Home business and the planned £1.6 billion special dividend as value-accretive moves, forecasting that the company’s streamlined portfolio and anticipated cost savings of £150 million by 2027 would support earnings per share growth of at least 10% over the next two years.

Deutsche Bank acted as one of three Joint Lead Managers on Municipality Finance Plc’s GBP 300 million benchmark bond, which was issued under the issuer’s EUR 50 billion Medium Term Note programme. The bond carries a fixed coupon of 4.000% per annum and matures on 22 October 2030. Deutsche Bank coordinated the transaction alongside NatWest Markets N.V. and Nomura International plc, helping secure strong investor demand that led to an order book in excess of GBP 400 million within hours of launch. The new issue, which will begin trading on the Helsinki Stock Exchange on 15 January 2026, underscores Deutsche Bank’s capacity to place large-scale public sector debt in Nordic markets and supports Municipality Finance’s funding strategy for environmentally and socially responsible investment projects.