Tesco plc (GB:TSCO) has released an update.
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Tesco PLC has repurchased over 4 million shares as part of its ongoing £1 billion share buyback program, with the shares now canceled to reduce the total number of shares outstanding. This move is intended to enhance shareholder value by returning capital to investors and potentially improving earnings per share. The transaction was executed on the London Stock Exchange with the average purchase price of 340.95 pence per share.
For further insights into GB:TSCO stock, check out TipRanks’ Stock Analysis page.
