Tesco plc (GB:TSCO) has released an update.
Tesco PLC has repurchased 370,000 of its own ordinary shares at an average price of 355.04 pence per share as part of its ongoing £1 billion share buyback program. These shares will be cancelled, reducing the total number of shares in issue to approximately 6.85 billion. This buyback could indicate Tesco’s confidence in its financial health and future prospects, potentially making it an attractive consideration for investors.
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