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Tesco plc ( (GB:TSCO) ) has provided an announcement.
Tesco PLC announced the repurchase of 270,364 of its ordinary shares as part of its ongoing £1 billion share buyback programme, with the shares being purchased on the London Stock Exchange and subsequently cancelled. This move reduces the total number of shares in circulation, potentially increasing the value of remaining shares and demonstrating Tesco’s commitment to returning value to shareholders.
More about Tesco plc
Tesco PLC operates in the retail industry, primarily focusing on the sale of groceries and general merchandise. It is one of the largest retailers in the UK, serving millions of customers weekly through its vast network of stores and online platforms.
YTD Price Performance: 0.62%
Average Trading Volume: 21,734,610
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £25B
For a thorough assessment of TSCO stock, go to TipRanks’ Stock Analysis page.
