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Kingfisher PLC on Wednesday said it completed a £50 million fourth tranche of the share buyback programme it first announced in May last year. The whole programme is worth up to £300 million, consisting of five tranches of either £50 million or £75 million. Two tranches of £75 million last year were followed by a £50 million third tranche in April. The London-based DIY retailer said Goldman Sachs Group Inc carried out the fourth £50 million tranche on behalf of Kingfisher, buying around 21.0 million shares. This leaves £50 million worth of buybacks remaining. Kingfisher shares were 0.4% higher at 240.050 pence each in London on Wednesday morning. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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