Tesco plc (GB:TSCO) has released an update.
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Tesco PLC has executed a share buyback, purchasing over 5.8 million ordinary shares at an average price of 348.85 pence as part of its ongoing £1 billion buyback program. These shares will be cancelled, reducing the total number of shares in issue to approximately 6.8 billion. This move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
For further insights into GB:TSCO stock, check out TipRanks’ Stock Analysis page.
