|
Barclays PLC - London-based bank - Starts £1.00 billion share buyback on Wednesday. The new buyback, which was announced with the lender’s annual results on Tuesday, follows £1.50 billion in share repurchases since July last year. The buybacks are part Barclays’s plan to return at least £10 billion in capital to shareholders between 2024 and 2026. This will be a combination of cash dividends and share buyback, ‘with a continued preference for buybacks’, Barclays said on Tuesday. The new buyback will conducted by JP Morgan Securities PLC, part of JPMorgan Chase & Co, and will be completed by August 10. All shares repurchased will be cancelled. Current stock price: 482.90 pence, up 1.8% in London on Wednesday for £66.86 billion market capitalisation 12-month change: up 58% Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
