GSK plc (GSK.L) Monday said it has commenced its share repurchase program of 2 billion pounds announced on February 5, 2025.
The program, which is expected to be completed within 18 month from February 5, will start today with an initial tranche of up to 0.7 billion pounds. GSK plans to hold the shares purchased in the first tranche as Treasury shares.
The company noted that the main aim of the buyback is to reduce share capital.
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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.