The latest announcement is out from Barratt Developments ( (GB:BTRW) ).
Barratt Redrow plc, a prominent player in the construction and real estate industry, has announced a significant move in its financial strategy by purchasing 125,000 of its own shares for cancellation as part of a £50 million share repurchase programme. This transaction, executed through UBS AG London Branch, reflects the company’s commitment to enhancing shareholder value and optimizing its capital structure. The buyback, conducted on the London Stock Exchange, brings the total number of shares repurchased under the programme to 3,575,000, leaving the company with 1,447,520,916 ordinary shares in issue.
More about Barratt Developments
YTD Price Performance: -3.61%
Average Trading Volume: 4,738,468
Technical Sentiment Signal: Buy
Current Market Cap: £6.08B
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