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J Sainsbury PLC - London-based supermarket chain - Launches final quarter of its £200 million share buyback programme. The £50 million buyback will be run by UBS AG. It will start on Friday and be completed by February 24, just prior to Sainsbury’s financial year-end of March 1. The first tranche of the buyback was started in April and completed in October. Sainsbury bought back 54.8 million shares for £150 million in total. The buyback is solely to reduce share capital. Current stock price: 251.20 pence, up 1.8% in London early Friday 12-month change: down 6.0% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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