An announcement from Balfour Beatty ( (GB:BBY) ) is now available.
Balfour Beatty has announced the purchase of 125,000 of its ordinary shares as part of its share buyback program, which was initially announced in January 2025 and increased in March 2025. The shares were bought at a volume weighted average price of 452.6952 pence and will be held in treasury, reducing the number of shares in issue to 510,705,081. This move is part of Balfour Beatty’s strategy to manage its capital structure and enhance shareholder value, with implications for voting rights and shareholder notifications under the FCA’s rules.
More about Balfour Beatty
Balfour Beatty is a leading international infrastructure group with over 25,000 employees. The company specializes in financing, developing, building, maintaining, and operating complex infrastructure projects that support national economies and local communities. With a history spanning 115 years, Balfour Beatty has been involved in creating iconic buildings and infrastructure worldwide, including 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: 0.04%
Average Trading Volume: 860,280
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.29B
For detailed information about BBY stock, go to TipRanks’ Stock Analysis page.