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Balfour Beatty ( (GB:BBY) ) has shared an announcement.
Balfour Beatty has announced a share buyback transaction where it repurchased 100,000 ordinary shares at a volume weighted average price of 443.2782 pence per share through Numis Securities Limited. This is part of its ongoing share buyback program initiated on January 6, 2025, aimed at holding shares in treasury with no voting rights. After this transaction, the total number of ordinary shares in issue is 515,909,027. This move is part of the company’s strategy to manage its capital structure and provide value to shareholders, potentially impacting the market perception and shareholder interest in Balfour Beatty.
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 infrastructure projects globally. Notable projects include 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: -2.90%
Average Trading Volume: 995,030
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.25B
For an in-depth examination of BBY stock, go to TipRanks’ Stock Analysis page.
