Johnson Service Group PLC (JSG.L), a textile rental business, on Thursday announced the launch of a share buyback program of up to 55 million pounds.
The buyback program commenced on May 7 and will run through March 1, 2027, unless completed earlier.
The company added that the buyback follows 90.3 million pounds returned to shareholders through share repurchases since 2022.
The company said the board considers the program prudent given the group's cash-generative ability and available liquidity under its recently refinanced 175 million pounds revolving credit facility, which also includes a 50 million pounds.
On Wednesday, Johnson Service Group closed trading 2.70% higher at GBp 131.20 on the London Stock Exchange.
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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.