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Watches of Switzerland Group PLC - Leicester, England-based watch retailer - Launches £25 million share buyback programme on Monday. The buyback will be conducted by Barclays Bank PLC and be completed December 3. Watches of Switzerland doesn’t pay a dividend. It says it prioritises ‘investment for growth through showroom elevation, new projects and acquisitions’ ahead of shareholder returns; however, it notes that, following a debt refinancing in December, it has £50 million liquidity headroom on its bank facility and surplus capital. In a trading update last week, Watches of Switzerland said it remains on track to deliver prior guidance for financial 2025, after strong third-quarter demand in both the UK and the US. The retailer said it enjoyed ‘good’ trading during the three months that ended January 26. Current stock price: 469.80 pence, up 4.2% in London on Monday morning 12-month change: up 24% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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