Tesco plc (GB:TSCO) has released an update.
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Tesco PLC has repurchased 788,609 of its own shares as part of a £1 billion share buyback program, with prices ranging between 345.30 pence and 348.10 pence per share. This move is expected to enhance shareholder value by reducing the number of shares in circulation to 6.75 billion. The buyback was executed on the London Stock Exchange and facilitated by Citigroup Global Markets Limited.
For further insights into GB:TSCO stock, check out TipRanks’ Stock Analysis page.
