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Smiths Group PLC - London-based engineering firm operating in energy, security and defence, space and aerospace, and general industrial sectors - Plans ‘shortly’ to start the second tranche of the £1 billion share buyback it announced in November last year. The current buyback programme follows a £500 million buyback completed by Smiths Group last year. The £400 million second tranche will be started once the £600 million first tranche is completed, the company says. It will be run by HSBC Bank PLC, part of HSBC Holdings PLC, and will be completed by the end of calendar 2026. Current stock price: 2,632.00 pence for £7.90 billion market capitalisation 12-month change: up 17% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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