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The latest update is out from Balfour Beatty ( (GB:BBY) ).
Balfour Beatty has announced the initiation of its 2025 share buyback program, appointing corporate brokers to manage the repurchase of up to £50 million of its Ordinary Shares by June 30, 2025. The buyback aims to reduce the company’s share capital, with further regulatory announcements to follow. The program reflects Balfour Beatty’s strategic capital management efforts and could influence market perceptions positively, given its structured approach to share repurchase dependent on market conditions.
More about Balfour Beatty
Balfour Beatty is a leading international infrastructure group with over 26,000 employees engaged in financing, developing, building, maintaining, and operating complex infrastructure projects that support national economies. The company is involved in iconic 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: -0.13%
Average Trading Volume: 936,062
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.31B
For detailed information about BBY stock, go to TipRanks’ Stock Analysis page.