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The latest announcement is out from Balfour Beatty ( (GB:BBY) ).
Balfour Beatty announced the repurchase of 125,000 ordinary shares as part of its share buyback program, with shares purchased at a volume-weighted average price of 468.6064 pence. This transaction is part of the company’s strategy to manage its capital structure effectively, holding the repurchased shares in treasury and impacting the number of voting rights available, which stakeholders can use to assess their holdings under regulatory guidelines.
More about Balfour Beatty
Balfour Beatty is a leading international infrastructure group with 26,000 employees, engaged in financing, developing, building, maintaining, and operating critical infrastructure worldwide. The company is involved in significant 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: 2.59%
Average Trading Volume: 962,692
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.36B
Learn more about BBY stock on TipRanks’ Stock Analysis page.
