IN BRIEF: Howden Joinery starts 2nd tranche of share buyback

Howden Joinery Group PLC - London-based kitchen and joinery supplier - Commissions Barclays Bank PLC to run the GBP50 million second tranche of its GBP100 million share buyback. Barclays will start buying Howden shares on Tuesday and complete the tranche by February next year. The first tranche was conducted by Deutsche Numis. The repurchased shares will be either cancelled or held in treasury for employee share option programmes.

Current stock price: 905.00 pence, up 0.5%

12-month change: down 4.0%

By Tom Waite, Alliance News editor

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