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IN BRIEF: Howden Joinery launches first £50 million buyback tranche

ALN

Howden Joinery Group PLC - London-based kitchen and joinery supplier - Starts £50 million first tranche of its £100 million share buyback on Thursday. The buyback will be run by broker Deutsche Numis and be completed by February 25 next year. The buyback was announced with the company’s annual results late last month. Howden says it will continue to prioritise investment in depots, manufacturing and logistics capabilities, while still delivering a progressive dividend.

Current stock price: 733.00 pence, down 0.3% in London on Thursday morning

12-month change: down 16%

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