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The latest update is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC announced the purchase of 273,646 ordinary shares as part of its £1 billion share buyback programme, with the shares being subsequently cancelled. This transaction, executed on the London Stock Exchange with Citigroup Global Markets Limited as broker, reflects the company’s strategic initiative to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and market confidence.
More about Tesco plc
Tesco PLC is a leading multinational grocery and general merchandise retailer headquartered in the UK. It operates primarily in the retail industry, offering a wide range of products including food, clothing, and household goods. The company focuses mainly on the UK market but also has significant operations in other countries.
YTD Price Performance: -1.00%
Average Trading Volume: 21,418,995
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £24.43B
Find detailed analytics on TSCO stock on TipRanks’ Stock Analysis page.
