logo
  

Barratt Developments To Repurchase Up To 200 Mln Pounds Of Shares

Barratt Developments Plc (BDEV.L), a British residential property development firm, on Wednesday announced plans to buy back shares of up to 200 million pounds.

The company intends to complete the program before June 30, 2023, with an objective to reduce the share capital.

In the initial tranche, the property company has instructed Credit Suisse International to purchase up to 50 million pounds of its ordinary shares for 10 pence per share during the period from September 8 to November 16.

The maximum number of shares that the Barratt may repurchase is 101.95 million.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Japanese entrepreneur Yusaku Maezawa has selected ten crewmembers, comprising artists, content creators, and athletes, to fly with him on SpaceX's Starship around the Moon on the dearMoon mission. SpaceX's first private lunar flight with dearMoon crew, including two backups, is planned to take place in 2023. Maezawa announced the crew for the mission in a YouTube video and a tweet. SpaceX, owned by Elon Musk, has launched 40 satellites of British communications network OneWeb into orbit. From NASA's Kennedy Space Center or KSC in Florida, Falcon 9 rocket on Thursday evening carried the satellites. The Falcon 9's first stage separated, and it then returned to Earth to make a landing on a SpaceX pad at the nearby Cape Canaveral Space Force Station. Google, owned by Alphabet Inc., plans to merge its teams working on Maps products and the mapping service Waze with effect from December 9, reports said. The decision to consolidate processes comes as the search giant is facing pressure to streamline operations and cut costs. The restructuring is expected to reduce overlapping work across the Waze and Maps products.
RELATED NEWS
Follow RTT