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Balfour Beatty ( (GB:BBY) ) has shared an update.
Balfour Beatty has announced the purchase of 120,000 of its ordinary shares as part of its share buyback program. The shares were acquired at a volume-weighted average price of 441.1381 pence each and will be held in treasury, reducing the total number of shares available in the market. This move is part of a broader strategy to optimize the company’s capital structure and potentially enhance shareholder value. The repurchase underlines Balfour Beatty’s commitment to returning capital to shareholders and maintaining financial flexibility.
More about Balfour Beatty
Balfour Beatty is a leading international infrastructure group with 26,000 employees. The company focuses on financing, developing, building, maintaining, and operating critical infrastructure that supports national economies and local communities. They have a history of delivering iconic projects worldwide, including Hinkley Point C in the UK, the Lyric Theatre in Hong Kong, and the Automated People Mover at Los Angeles International Airport.
YTD Price Performance: -3.34%
Average Trading Volume: 987,546
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.24B
Find detailed analytics on BBY stock on TipRanks’ Stock Analysis page.
