Severfield (GB:SFR) has released an update.
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Severfield PLC has repurchased 250,000 of its ordinary shares at an average price of 48.50 pence each, as part of its ongoing share buy-back program, and plans to cancel the acquired shares. This move is part of Severfield’s strategy to enhance shareholder value by reducing the number of shares in circulation, potentially boosting earnings per share.
For further insights into GB:SFR stock, check out TipRanks’ Stock Analysis page.
