Future proposes share buyback of up to £45m

Mon, 10th Jul 2023 09:15

(Sharecast News) - Media group Future rallied on Monday after it announced a proposed share buyback of up to £45m.

The company said it has a strong balance sheet, with leverage of 1.41x net debt to EBITDA and "a robust pipeline of attractive inorganic investment opportunities".

"However, the board believes that the share buyback programme will provide greater flexibility to achieve an optimal use of cash to deliver value for shareholders, whilst still maintaining a strong balance sheet."

At 0915 BST, the shares were up 5.9% at 733.63p.

Related Shares

More News

22 May 2024 21:05

TRADING UPDATES: Powerhouse resolves claim; PCI-PAL wins court case

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

20 May 2024 09:47

LONDON BROKER RATINGS: Deutsche likes Trainline and Baltic Classifieds

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

20 May 2024 07:47

LONDON BRIEFING: Keywords would back GBP2.0 billion bid as EQT circles

(Alliance News) - London's FTSE 100 is called to open higher at the start of the week, while the pound climbed and gold hit another record high, with ...

16 May 2024 16:53

London close: Stocks mixed as ex-divs drag on FTSE

(Sharecast News) - London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.

16 May 2024 09:53

Future jumps 17% as plans new buyback amid improved sales outlook

(Alliance News) - Shares in Future PLC soared on Thursday after it launched a new share buyback and said it returned to revenue growth in the second q...