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The latest announcement is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC announced the repurchase of 270,769 ordinary shares as part of its ongoing £1 billion share buyback program, reflecting its commitment to returning value to shareholders. The transaction, executed on January 8, 2025, will result in the cancellation of the purchased shares, impacting the total number of shares in issue, which now stands at 6,742,279,897. This strategic move underscores Tesco’s robust financial health and enhances shareholder value, while maintaining transparency and compliance with market regulations.
More about Tesco plc
Tesco PLC is a leading multinational grocery and general merchandise retailer headquartered in the United Kingdom. The company is primarily focused on the retail industry, offering a wide range of products including food, clothing, and household goods. Tesco operates in various markets with a strong presence in the UK, Europe, and Asia.
YTD Price Performance: 0.62%
Average Trading Volume: 21,734,610
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £25B
Learn more about TSCO stock on TipRanks’ Stock Analysis page.
