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Tesco plc ( (GB:TSCO) ) has issued an update.
Tesco PLC announced the purchase and cancellation of 245,944 ordinary shares as part of its £1 billion share buyback program. The transaction, executed on 05 February 2025, was conducted on the London Stock Exchange and reflects Tesco’s strategic effort to enhance shareholder value. The cancellation of these shares impacts the total number of ordinary shares in circulation, providing a new denominator for shareholders and stakeholders to assess their interest in the company.
More about Tesco plc
Tesco PLC is a leading multinational retailer headquartered in the UK, specializing in groceries and general merchandise. As one of the largest retailers globally, Tesco operates an extensive network of stores, serving millions of customers worldwide with a focus on providing quality products at competitive prices.
YTD Price Performance: 2.47%
Average Trading Volume: 19,727,439
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £25.28B
Learn more about TSCO stock on TipRanks’ Stock Analysis page.
