An update from Tesco plc ( (GB:TSCO) ) is now available.
Tesco PLC has executed a share buyback program, purchasing 270,822 ordinary shares at an average price of 369.25 pence per share on the London Stock Exchange. This transaction is part of a £1 billion share buyback initiative previously authorized by shareholders, aiming to optimize the company’s capital structure. Following this purchase, the total number of shares in issue is 6,746,876,447, which stakeholders can use to calculate shareholding interests as per regulatory requirements.
More about Tesco plc
Tesco PLC is a leading multinational retailer headquartered in the United Kingdom. It specializes in groceries and general merchandise, operating primarily in Europe and Asia. As one of the world’s largest retailers, Tesco focuses on providing a wide range of products at competitive prices, serving millions of customers globally.
YTD Price Performance: 31.88%
Average Trading Volume: 22,517,580
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £24.72B
For a thorough assessment of TSCO stock, go to TipRanks’ Stock Analysis page.