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IN BRIEF: Hostelworld starts promised share buyback for £5 million

ALN

Hostelworld Group PLC - Dublin-based online travel agent focused on hostel market - Commissions Goodbody Stockbrokers to run a share buyback worth up to £5 million, starting on Thursday and completing by December 31. All shares repurchased will be cancelled, Hostelworld says. Back in April, at a capital markets event, the company had said it planned a share buyback but hadn’t provided the size of the programme.

Current stock price: 120.75 pence, up 1.9% in London on Thursday

12-month change: down 24%

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