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Tesco plc ( (GB:TSCO) ) has issued an announcement.
Tesco PLC has announced the purchase of 277,270 ordinary shares as part of its £1 billion share buyback program, which was authorized by shareholders at the 2024 Annual General Meeting. These shares have been purchased on the London Stock Exchange and will be cancelled, reducing the total number of shares in issue to 6,741,729,453. This move is likely aimed at enhancing shareholder value and improving earnings per share by reducing the number of shares outstanding.
More about Tesco plc
Tesco PLC is a leading multinational retail and grocery company based in the United Kingdom. It primarily operates supermarkets and hypermarkets, providing a wide range of products including groceries, clothing, electronics, and financial services. Tesco is a dominant player within the UK market and continues to focus on expanding its market share through strategic initiatives.
YTD Price Performance: -2.34%
Average Trading Volume: 22,030,998
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £24.11B
See more data about TSCO stock on TipRanks’ Stock Analysis page.
