London, Feb 18, 2026, 09:48 GMT — Regular session
Haleon PLC (HLN) shares moved up 0.9% to 412.6 pence by 0920 GMT on Wednesday, lifted along with the broader UK market after fresh inflation numbers. The FTSE All-Share index was also higher, gaining 0.6%. (fidelity.co.uk)
Why now: UK inflation is losing steam again. Annual consumer price growth slowed to 3.0% in January, versus 3.4% in December, according to official figures. Core inflation, which excludes volatile categories like food and energy, came in at 3.1%. Despite services inflation holding at 4.4%, traders in interest-rate futures now see almost an 80% probability the Bank of England will cut rates in March. (Reuters)
Haleon investors have a more immediate, company-specific reference point. The firm’s website features sell-side consensus estimates, pulled together by Vuma and updated Feb. 17, putting FY2025 group revenue at £11.079 billion with organic growth—stripping out currency moves and M&A—at 3.4%. Also in the table: adjusted EPS of 18.6 pence, and a 7.0 pence dividend per share. Haleon highlights that it neither endorses nor verifies these numbers. (Haleon Corporate)
UK equities have ridden a wave of rate-cut optimism for several days now. The FTSE 100 set a fresh record at 10,556.17 on Tuesday, with softer labor market numbers fueling bets that the economy’s losing steam, according to Reuters. “We expect two rate cuts by summer, one in March and another in June,” Swissquote Bank senior analyst Ipek Ozkardeskaya said. (Reuters)
Sterling tracked similar moves, dropping 0.55% to $1.3555 on Tuesday as UK unemployment ticked higher and wage growth slowed, according to Reuters. “This is yet another soft labour market report,” said Luke Bartholomew, deputy chief economist at Aberdeen. (Reuters)
Haleon’s stock moved between 410.60 and 414.80 pence Wednesday, after ending Tuesday at 408.90, data from Investing.com show. Shares sit just under their 52-week peak of 419.40 pence, well above the year’s low of 325.10. (Investing.com)
The company is hinting at a larger update tied to its results. Back in January, Haleon announced plans to revamp its operating model—rolling out a Chief Growth Officer role and setting up six operating units. That overhaul is targeting rollout by mid-2026. Chief Executive Brian McNamara called the move a pathway to “a simpler and more agile and efficient organisation.” (Haleon Corporate)
Clean details on North American demand and pricing are on investor radar. Margins, cash generation, and capital return signals could end up carrying more weight than headline results with the stock near record highs.
But here’s the thing: if upcoming data brings rate-cut jitters back into play, or if Haleon’s guidance skews cautious when optimism is already baked in, the shares won’t have as much cushion for a letdown as they did just a month back.
Haleon will report its full-year numbers on Feb. 25, with a Q1 trading update lined up for April 29, the company’s investor calendar shows. (Haleon Corporate)
