BAT said today it would spend £2 billion buying up its own shares. The buyback will start on Monday and run until the end of the year.
The company follows BP, Shell and Unilever in announcing multi-billion pound buybacks in recent weeks. London-listed companies have now announced buybacks totalling more than £15 billion so far in 2022, according to stockbroker AJ Bell. That puts the market on track to eclipse last year's total of £23.2 billion.
Buybacks put money in the pockets of selling shareholders and push up the value of stock still in the market by restricting supply.
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Denne historien er fra February 11, 2022-utgaven av Evening Standard.
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Why are England wasting time waiting for Tuchel?
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I struggle with being recognised... I'll never really feel comfortable with it'
