Auto Trader’s £500 Million Buyback Puts Spotlight on FTSE 100 Shares
Autotrader Group shares held steady at £4.69 on Monday after the company announced it bought 5.55 million shares for cancellation between June 1 and June 5. The stock is down 40.66% over the past year. Autotrader reported annual revenue of £624.3 million and operating profit of £392.7 million. The company’s AGM is set for July 16 in Manchester.