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Balfour Beatty ( (GB:BBY) ) has issued an update.
Balfour Beatty has announced the repurchase of 125,000 of its ordinary shares as part of its share buyback programme, initially announced on 6 January 2025. The repurchased shares will be held in treasury, and this action affects the total voting rights in the company, which now stands at 513,134,027. This strategic financial maneuver may impact shareholder calculations under the FCA’s Disclosure and Transparency Rules, reflecting the company’s ongoing efforts to manage its capital structure effectively.
More about Balfour Beatty
Balfour Beatty is a leading international infrastructure group employing 26,000 people globally. The company is involved in financing, developing, building, maintaining, and operating complex infrastructure projects that support national economies and local communities. Balfour Beatty has been responsible for iconic infrastructure projects worldwide, including 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: 1.63%
Average Trading Volume: 967,716
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.36B
For a thorough assessment of BBY stock, go to TipRanks’ Stock Analysis page.
