Tesco share buyback on watch after stock drops from high
Tesco PLC heads into Monday trading below the level of its most recent announced buyback. Shares reached a 52-week high this week. Saturday was outside regular hours for the London Stock Exchange, which runs Monday to Friday from 0800 to 1630 BST. Tesco shares dropped 7.00p to 466.60p on Friday. It’s a minor move over the bigger picture, but stands out because Tesco picked up 4 million shares July 2 at an average 471.47p. That latest buyback is sitting above market, at least until trading starts again.