Shares of Balfour Beatty Plc (BBY.L) are up 8 percent on Wednesday's trading after the company said that it plans to repurchase ordinary shares for a maximum aggregate consideration of 200 million pounds.
On the LSE, BBY.L is currently trading up 8 percent on Wednesday at 759.00 pence.
This is as part of the 2026 phase of its share buyback programme, which is expected to be completed before December 31 this year. The total includes the initial 50 million pounds tranche announced on January 5.
The British infrastructure group said that the maximum number of shares that may be acquired under the programme is about 62.7 million ordinary shares, including 3.2 million shares already purchased under the initial 2026 tranche.
Share purchases will be carried out through open market transactions from time to time, depending on market conditions, the company's share price and trading volumes, Balfour Beatty said in an issued statement.
The company said that the buyback is intended to reduce its share capital, with repurchased shares to be held in treasury.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.