3 UK shares to consider buying and holding for a decade

Some shares do very well over the short term. As a long-term investor, though, my eyes are always peeled for high-quality UK shares at an attractive price that I think have the potential to perform well in years or even decades to come.

Here are three UK shares I think merit investors’ consideration at the moment.

Reckitt

Consumer goods maker Reckitt (LSE: RKT) has had a difficult few years.

That helps explain why the Dettol maker’s share price is down 7% over the past year alone — and 28% over five years.

A 28% fall looks particularly bad considering that the wider FTSE 100 index of which Reckitt is a member has moved up by 50% during that period.

Why the fall?

A disastrous infant formula acquisition has long dogged performance, even though Reckitt has worked hard to move beyond it. Ongoing risks from legal action about historical product liability are also weighing on the share price.

But with a price-to-earnings ratio of just 10, I think the Reckitt share price now looks like offering potentially excellent long-term value given the company’s strong brand portfolio, pricing power, and global distribution footprint.

The 4.5% dividend yield is around one and a half times as lucrative as the FTSE 100 yield overall.

Legal & General

Another underperformer in the FTSE 100 over the past five years has been financial services firm Legal & General (LSE: LGEN).

During that period, the Legal & General share price has shed 4% of its value.

The company aims to keep growing its dividend per share annually, as it has done over the past few years. Given that its 8% yield is already the highest in the index, that is attractive.

Can it last?

The rate of annual growth has been reduced to 2%. One risk I see this year’s sale of a large US operation. That will likely eat into the revenue and profit base at Legal & General.

Still, I like the long-established company’s strategic focus on the huge and resilient retirement-linked financial services market.

With a powerful brand, large client base, and proven cash generation potential, I continue to think Legal & General shares look attractively priced.

Domino’s Pizza

There is, of course, life beyond the FTSE 100.

FTSE 250 member Domino’s Pizza (LSE: DOM) has been moving up this year. The share price has increased 11% since the beginning of 2026.

That still leaves it 28% lower over the past year, however.

The City is concerned about risks such as higher staff costs and market saturation. Chicken is displacing pizza in some consumers’ affections, though Domino’s aims to stay on top of that trend with a revamped chicken offering.

The local master franchisee of the global giant is profitable and offers a juicy 5.9% dividend yield.

In a trading update last month it said that it has had “an encouraging start to the year”, with like-for-like sales growth of 5%.

Domino’s has a relatively simple, tested business model. It benefits from economies of scale and a strategic focus on its main UK market. I see those as strengths.

Should you invest £5,000 in Reckitt Benckiser Group Plc right now?

When investing expert Mark Rogers and his team have a stock tip, it can pay to listen. After all, the flagship Twelfth Magpie Share Advisor newsletter he has run for nearly a decade has provided thousands of paying members with top stock recommendations from the UK and US markets.

And right now, Mark thinks there are 6 standout stocks that investors should consider buying. Want to see if Reckitt Benckiser Group Plc made the list?

Christopher Ruane owns shares in Domino’s Pizza.