GB Group shares rise as buyback reduces shares to under 230 million
Shares of GB Group Plc surged Wednesday as new filings showed the buyback program reduced the share count to under 230 million. Investors got a clearer look at per-share gains soon after the company’s annual results had already pointed to buyback-driven accretion. GBG shares finished the London session at 212.00p on the buy side and 211.50p to sell, up 14.60p or 7.40%, according to Hargreaves Lansdown. Volume was 1.94 million shares. The stock last closed at 197.40p, with a market cap quoted at £486.59 million. The FTSE 250 added 1.38%.