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The latest announcement is out from J Sainsbury plc ( (GB:SBRY) ).
J Sainsbury plc has completed the second tranche of its £200 million share buyback programme, purchasing 861,910 of its ordinary shares at a volume weighted average price of 277.64 pence per share. This buyback, aimed at shareholder value enhancement, signifies the completion of the company’s announced programme and involves the cancellation of the acquired shares, potentially impacting the company’s market positioning by reducing the total number of shares outstanding.
More about J Sainsbury plc
J Sainsbury plc operates in the retail industry, primarily focusing on grocery and general merchandise. It is one of the prominent supermarket chains in the UK, offering a wide range of food products, clothing, and home goods.
YTD Price Performance: -2.69%
Average Trading Volume: 7,703,050
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £6.48B
Learn more about SBRY stock on TipRanks’ Stock Analysis page.
