IN BRIEF: Flutter to start fifth tranche under USD5 billion buyback

Flutter Entertainment PLC - New York-based bookmaker which owns FanDuel, Betfair and Paddy Power - Commences the fifth tranche, worth up to USD250 million, under its mulit-year share buyback programme, worth up to USD5 billion, announced back in September 2024. Notes the buyback will begin on Thursday on the New York Stock Exchange, and will run until May 21 at the latest, with a reduction in share capital the sole purpose of the schemes. Notes Goldman Sachs & Co LLC will repurchase the shares on its behalf.

Current stock price: 8,032.00 pence, up 1.1% on Wednesday morning in London

12-month change: down 55%

By Christopher Ward, Alliance News reporter

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