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An announcement from Balfour Beatty ( (GB:BBY) ) is now available.
Balfour Beatty plc announced its ongoing share buyback program, purchasing 125,000 ordinary shares at a volume weighted average price of 466.4773 pence through Numis Securities Limited. The repurchased shares will be held in treasury, leaving 514,134,027 shares in issue. The buyback aligns with the Group’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and maintaining transparency with stakeholders.
More about Balfour Beatty
Balfour Beatty is a leading international infrastructure group with 26,000 employees, specializing in financing, developing, building, maintaining, and operating complex and critical infrastructure worldwide. With over a century of experience, the company has been involved in iconic projects like the Hinkley Point C nuclear power station in the UK, the Lyric Theatre in Hong Kong, and the Automated People Mover at Los Angeles International Airport.
YTD Price Performance: 2.46%
Average Trading Volume: 963,342
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.36B
Find detailed analytics on BBY stock on TipRanks’ Stock Analysis page.
