The UK-based company, Ferguson plc (FERG), is trading 4% higher on the market on share repurchase news after the company recorded its 6-month-low yesterday.
According to the company, it has repurchased 153,000 ordinary shares for Treasury purposes. The board of directors of the company had signed a $2 billion repurchase program. The company has lost 40% of its value in the market since the start of the year.
Currently, the stock is trading hands at $109.33, up $3.39 or 3.19% since the previous close at $105.95. The stock opened at $106.60 in the morning. In the 52-week period, the stock has ranged between $105.58 and $183.67 per share.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.