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Tesco plc ( (GB:TSCO) ) has shared an announcement.
Tesco PLC has announced the purchase of 273,220 of its own shares as part of its ongoing £1 billion share buyback programme. The shares, bought on 23 December 2024, will be cancelled, reducing the total number of ordinary shares in circulation to 6,744,717,747. This move reflects Tesco’s strategy to enhance shareholder value and manage its capital structure effectively, potentially impacting shareholder interests and market perceptions positively.
More about Tesco plc
Tesco PLC is a multinational retailer headquartered in the United Kingdom, operating primarily in the grocery and general merchandise sectors. It is one of the largest retailers in the world by revenue and is known for its extensive network of stores across Europe and Asia.
YTD Price Performance: 31.10%
Average Trading Volume: 23,090,680
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £24.57B
Learn more about TSCO stock on TipRanks’ Stock Analysis page.
