Tesco plc (GB:TSCO) has released an update.
Tesco PLC has executed a share buyback, acquiring 314,774 of its own ordinary shares at an average price of 359.21 pence per share as part of its £1 billion buyback program. These shares will be cancelled, reducing the total number of shares in issue to 6,850,585,890. This move is likely to intrigue investors as it can lead to increased earnings per share and potentially bolster stock value.
For further insights into GB:TSCO stock, check out TipRanks’ Stock Analysis page.
