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Tesco plc ( (GB:TSCO) ) has shared an announcement.
Tesco PLC announced the repurchase of 267,701 ordinary shares as part of its ongoing £1 billion share buyback program. This action is expected to enhance shareholder value by reducing the number of shares outstanding, thereby potentially increasing earnings per share. The repurchased shares will be cancelled, leaving 6,737,623,529 shares in issue, which will impact investor calculations under the Disclosure and Transparency Rules.
More about Tesco plc
Tesco PLC is a leading multinational grocery and general merchandise retailer, primarily operating in the United Kingdom. It offers a wide range of products including groceries, clothing, electronics, and financial services, catering to a diverse customer base.
YTD Price Performance: 1.06%
Average Trading Volume: 20,510,172
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £24.93B
For detailed information about TSCO stock, go to TipRanks’ Stock Analysis page.
