Tesco PLC Buyback Starts: £750 Million Return Moves Ahead as War Risk Clouds Grocery Outlook
Tesco bought 415,797 shares for cancellation on April 23 as part of a new £750 million buyback, paying an average 481.00 pence each. The company has acquired 822,350 shares for about £4 million since the programme began. Tesco shares closed up 0.89% while the FTSE 100 fell 0.75%. The grocer reported £66.59 billion in annual sales and a 28% market share.