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Tesco plc ( (GB:TSCO) ) has issued an announcement.
Tesco PLC announced the purchase of 269,810 of its own ordinary shares on 13 December 2024, as part of a £1 billion share buyback programme authorized by shareholders at the 2024 Annual General Meeting. The repurchased shares will be cancelled, reducing the total number of shares in issue to 6,746,337,424. This buyback is in line with Tesco’s strategic financial management, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.
More about Tesco plc
Tesco PLC is a leading multinational grocery and general merchandise retailer, primarily operating in the United Kingdom. The company offers a wide range of products from food and beverages to clothing and electronics, catering to a broad market segment and focusing on delivering value to customers.
YTD Price Performance: 33.10%
Average Trading Volume: 22,726,679
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £24.95B
See more insights into TSCO stock on TipRanks’ Stock Analysis page.
