Tesco plc (GB:TSCO) has released an update.
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Tesco PLC has announced the purchase of over 4.3 million of its own shares as part of a £1 billion share buyback program, with the shares now set for cancellation. This move is part of Tesco’s strategy to enhance shareholder value by reducing the total number of shares in circulation. The average price paid per share was 339.85 pence, signaling confidence in the company’s market position.
For further insights into GB:TSCO stock, check out TipRanks’ Stock Analysis page.
