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The latest update is out from Balfour Beatty ( (GB:BBY) ).
Balfour Beatty plc announced the purchase of 125,000 of its ordinary shares as part of a share buyback program, with the shares being held in treasury. This transaction reflects Balfour Beatty’s ongoing strategic financial management, possibly enhancing shareholder value by reducing the number of shares in circulation, thus potentially increasing earnings per share. The repurchased shares, without voting rights, will impact the total number of voting rights in the company, which shareholders can use to assess their interest under the FCA’s Disclosure and Transparency Rules.
More about Balfour Beatty
Balfour Beatty is a leading international infrastructure group that operates with 26,000 employees. The company is involved in financing, developing, building, maintaining, and operating complex infrastructure projects that support national economies and local communities. Balfour Beatty has been instrumental in creating iconic buildings and infrastructure globally, including projects like the Hinkley Point C nuclear power station in the UK, the Lyric Theatre in Hong Kong, and the Automated People Mover at Los Angeles International Airport.
YTD Price Performance: 0.62%
Average Trading Volume: 962,122
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.32B
For an in-depth examination of BBY stock, go to TipRanks’ Stock Analysis page.
