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Tesco plc ( (GB:TSCO) ) just unveiled an update.
Tesco PLC announced the purchase of 269,511 ordinary shares as part of its existing £1 billion share buyback programme. The transaction, executed on January 2, 2025, at an average price of 371.04 pence per share, signifies Tesco’s ongoing efforts to enhance shareholder value by reducing share count. This move aligns with the company’s strategic financial management objectives following shareholder approval at the 2024 annual meeting.
More about Tesco plc
Tesco PLC is a leading multinational retailer, primarily engaged in the grocery and general merchandise sector. It operates extensively in the UK and international markets, focusing on providing a wide range of products to meet consumer needs.
Average Trading Volume: 22,050,761
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £24.69B
See more insights into TSCO stock on TipRanks’ Stock Analysis page.
