Tesco PLC Moves Forward with £700 Million Share Buyback Program

PUBLISHED: May 02 2025 @ 03:07 | Comments (0) | More info about Fiona Craig

Tesco PLC (LSE:TSCO) has successfully repurchased 2,040,655 ordinary shares as part of its ongoing £700 million share buyback initiative, with the repurchased shares to be cancelled. This reduces the total number of shares in circulation to 6,708,003,104, enabling shareholders to adjust their holdings in accordance with the Disclosure and Transparency Rules. Since the program began on April 10, 2025, Tesco has bought back a total of 28,838,658 shares, worth over £101 million, reflecting its strategic commitment to enhancing shareholder value.

Tesco’s Financial Position and Investment Outlook

Tesco’s strong financial performance, coupled with shareholder-friendly actions such as the ongoing buyback program, underscores its attractiveness as an investment. While technical indicators are currently bearish, the company’s fair valuation and healthy dividend yield provide a stable investment outlook, positioning it as a solid player within the grocery sector.

About Tesco PLC

Tesco PLC is one of the world’s largest grocery and general merchandise retailers, with operations spanning the UK and other European markets. Known for its wide range of products, from groceries to clothing and household goods, Tesco operates through a vast network of physical stores and online platforms.

Year-to-Date Share Performance: +0.65%
Average Daily Trading Volume: 23,361,725 shares
Technical Sentiment Indicator: Strong Sell
Market Capitalization: £24.73 billion

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