The latest announcement is out from Centrica ( (GB:CNA) ).
Centrica plc has announced the purchase of 881,210 of its own ordinary shares at a price of 148.6977 pence per share, as part of its ongoing share buyback programme. This move, facilitated through Goldman Sachs International, is part of a broader strategy to manage the company’s capital structure and return value to shareholders. Since August 2024, Centrica has repurchased over 181 million shares, reflecting a significant investment in its own equity, which may enhance shareholder value and improve earnings per share. The company now holds over 450 million shares in treasury, indicating a robust approach to capital management.
More about Centrica
Centrica plc is a British multinational energy and services company, primarily involved in the supply of electricity and gas to businesses and consumers. It is listed on the London Stock Exchange and operates within the energy sector, focusing on energy production and supply, as well as providing energy-related services.
YTD Price Performance: 11.90%
Average Trading Volume: 25,209,743
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £7.47B
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