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Tesco plc ( (GB:TSCO) ) has provided an update.
Tesco PLC recently announced the purchase and cancellation of 269,330 ordinary shares as part of its £1 billion share buyback program, which was authorized by shareholders at the 2024 Annual General Meeting. This transaction, executed on February 3, 2025, indicates Tesco’s ongoing commitment to returning value to shareholders and reflects its financial stability and strategic focus on optimizing capital structure. The remaining number of ordinary shares in issue is now 6,737,354,199, which serves as the new basis for shareholder interest calculations under the Disclosure and Transparency Rules.
More about Tesco plc
Tesco PLC is a leading retail company in the United Kingdom, primarily engaged in the grocery and general merchandise sectors. It operates a widespread network of stores and online platforms, focusing on delivering a diverse range of products to its customers.
YTD Price Performance: 1.06%
Average Trading Volume: 20,510,172
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £24.93B
For a thorough assessment of TSCO stock, go to TipRanks’ Stock Analysis page.
