Barclays (GB:BARC) has released an update.
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Barclays PLC has repurchased and cancelled nearly 5 million of its ordinary shares as part of a buy-back program, reducing its total share capital to over 14.4 billion shares. This move is part of a larger strategy initiated in August 2024, which has seen the company buy back over 318 million shares at an average price of 234.04p each. Such buy-backs can potentially enhance shareholder value by reducing the number of shares outstanding.
For further insights into GB:BARC stock, check out TipRanks’ Stock Analysis page.
