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Tesco plc ( (GB:TSCO) ) has provided an update.
Tesco PLC announced the purchase and cancellation of 276,182 ordinary shares as part of its ongoing £1 billion share buyback program, following previous announcements and shareholder approval in 2024. This transaction reduces the total number of shares in issue, potentially impacting shareholder calculations and indicating Tesco’s commitment to returning value to its investors.
More about Tesco plc
Tesco PLC is a prominent player in the retail industry, primarily focusing on grocery and general merchandise. The company operates a network of supermarkets and hypermarkets, maintaining a significant market presence in the UK and other international regions.
YTD Price Performance: -2.25%
Average Trading Volume: 21,383,106
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £24.12B
Learn more about TSCO stock on TipRanks’ Stock Analysis page.
