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The latest update is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC has executed a share buyback program, purchasing 272,469 of its ordinary shares on December 27, 2024, as authorized by its shareholders. This transaction is part of a broader £1 billion buyback initiative aimed at enhancing shareholder value. The acquired shares will be canceled, leaving 6,744,173,568 ordinary shares remaining in circulation. This move highlights Tesco’s commitment to returning capital to its investors and could impact shareholder calculations regarding their interests in the company.
More about Tesco plc
Tesco PLC is a leading multinational grocery and general merchandise retailer, with its primary operations based in the UK. It focuses on providing a wide range of products and services in the retail sector, catering to diverse consumer needs.
YTD Price Performance: 31.28%
Average Trading Volume: 22,767,164
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £24.6B
See more insights into TSCO stock on TipRanks’ Stock Analysis page.
