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Balfour Beatty ( (GB:BBY) ) has issued an announcement.
Balfour Beatty announced the successful execution of a share buyback program, purchasing 77,836 of its ordinary shares at varying prices through Numis Securities Limited, with the repurchased shares held in treasury. This strategic move aims to optimize the company’s capital structure and enhance shareholder value by reducing the number of shares in circulation, thus potentially increasing earnings per share.
More about Balfour Beatty
Balfour Beatty is a leading international infrastructure group composed of 26,000 employees. The company is involved in financing, developing, building, maintaining, and operating complex infrastructure projects that are vital to national economies and local communities. With over a century of experience, Balfour Beatty has been involved in iconic global projects, including Hinkley Point C in the UK, the Lyric Theatre in Hong Kong, and infrastructure developments at Los Angeles International Airport.
YTD Price Performance: -4.09%
Average Trading Volume: 998,382
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.17B
Find detailed analytics on BBY stock on TipRanks’ Stock Analysis page.
