Balfour Beatty ( (GB:BBY) ) has shared an update.
Balfour Beatty announced a transaction in its own shares as part of its share buyback program, purchasing 125,000 ordinary shares through Numis Securities Limited. The repurchased shares will be held in treasury without voting rights, leaving the total number of voting rights at 510,330,081. This move is part of a broader strategy to manage the company’s capital structure and potentially enhance shareholder value.
More about Balfour Beatty
Balfour Beatty is a leading international infrastructure group with over 25,000 employees. The company is involved in financing, developing, building, maintaining, and operating complex infrastructure projects that support national economies and local communities. With a history spanning over 115 years, Balfour Beatty has been responsible for iconic buildings and infrastructure worldwide, including 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: -0.48%
Average Trading Volume: 939,457
Technical Sentiment Signal: Sell
Current Market Cap: £2.27B
See more data about BBY stock on TipRanks’ Stock Analysis page.