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Tesco plc ( (GB:TSCO) ) has provided an update.
Tesco PLC announced the repurchase of 268,292 ordinary shares as part of its ongoing £1 billion share buyback program, with the shares to be cancelled, thereby reducing the total number of shares in circulation. This move, authorized by shareholders at the 2024 Annual General Meeting, underscores Tesco’s strategy to enhance shareholder value and optimize its capital structure, potentially impacting shareholder interests and the company’s market position.
More about Tesco plc
Tesco PLC is a leading multinational grocery and general merchandise retailer based in the United Kingdom. It operates in the retail industry, providing a wide range of products including food, clothing, electronics, and financial services, primarily focusing on the UK market.
YTD Price Performance: 1.09%
Average Trading Volume: 21,575,815
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £24.96B
Find detailed analytics on TSCO stock on TipRanks’ Stock Analysis page.
