Balfour Beatty ( (GB:BBY) ) has issued an update.
Balfour Beatty announced a share buyback transaction, purchasing 125,000 ordinary shares through Numis Securities Limited as part of its ongoing buyback program. The repurchased shares will be held in treasury, reducing the number of shares in circulation to 511,634,027. This move is part of the company’s strategy to manage its capital structure and could impact shareholder voting rights and interest notifications under regulatory rules.
More about Balfour Beatty
Balfour Beatty is a leading international infrastructure group with 26,000 employees. The company finances, develops, builds, maintains, and operates complex infrastructure projects that support national economies and local communities. It has a history of delivering iconic projects worldwide, including the Hinkley Point C nuclear power station in the UK and the Automated People Mover at Los Angeles International Airport.
YTD Price Performance: -3.34%
Average Trading Volume: 901,461
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.22B
For detailed information about BBY stock, go to TipRanks’ Stock Analysis page.