Balfour Beatty ( (GB:BBY) ) just unveiled an update.
Balfour Beatty has announced a transaction in its own shares as part of its share buyback program, purchasing 125,000 ordinary shares at a volume-weighted average price of 435.2456 pence. These shares will be held in treasury, reducing the number of shares in issue to 509,580,081. The buyback is part of a larger program under which the company has repurchased 7,443,739 shares. This move is likely aimed at optimizing the capital structure and potentially enhancing shareholder value.
More about Balfour Beatty
Balfour Beatty is a leading international infrastructure group with over 25,000 employees. The company finances, develops, builds, maintains, and operates complex and critical infrastructure that supports national economies. With a history spanning over 115 years, Balfour Beatty has been involved in creating iconic buildings and infrastructure worldwide, including projects like Hinkley Point C in the UK, the Lyric Theatre in Hong Kong, and the Automated People Mover at Los Angeles International Airport.
YTD Price Performance: -4.09%
Average Trading Volume: 1,068,489
Technical Sentiment Signal: Sell
Current Market Cap: £2.18B
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