Member Info for Corryvreckan1

As I pointed out below (and as brockwl2 pointed out to you on ADV) that is completely irrelevant. The entry level is position 325 in the 350 (=225 in the 250), which was at £532m at close on Friday. That's absolutely clear in the rules that govern the indices.

You do not have to be just above the lowest ranked, which is now Wood Group at £200m (WTF is £437m from???).

No idea here you are getting your data from but it's not based on the official rules. And your "precise wording" below is wrong as well and those are not quotes from FTSE Russell. Please stop posting this nonsense.

Apologies, I didn't spot the 4.9617% in the section 8 below. Unusual to see that difference to section 7.

The rest of my post still stands though.

Tricky, do you recall we discussed the reporting thresholds before and the note in the Articles? If not I'll come back to reconfirm this evening.

FIL's location is irrelevant, and in this case, because they have stated "Below 5%" rather than an actual %, it looks like FIL believe they can claim the Investment Firm 5% exemption under DTR 5.1.3 (4).

https://www.handbook.fca.org.uk/handbook/DTR/5/1.html

If the dates on the form are correct then it is actually ATM that are late with publishing the RNS rather than FIL being late. If they notified ATM on the 5th then the RNS should have been submitted by ATM for release by close the following day, last Thursday.

Just for additional context on the buyback - the total in 2024 was £1.75bn across two tranches and the current £1bn they have started will be followed by more. There will be a total of £6.4bn over three years, £3.6bn still to come after the current run, so they will also need to up the run rate at some point. I thought this one would be higher but it may just be cash flow timing.

Note they are also restricted to buying max 25% of an average daily volume calculation each day, so even increasing the declared amount of each tranche would perhaps just end up with it taking longer to fill.

The full £10bn three year programme with a preference for buybacks was stated in last year's accounts and they are doing exactly what they said they would, so mostly priced in by the market I think. May just see the SP trending sideways in a new narrow range for a while, until the next catalyst.

NatWest read across not helping the sector today, a few more still to report.

Staff reward schemes are already in place and they already do block listing reviews for share schemes twice a year. They already run independently of the share buyback and have done since long before it started, so not really relevant to equate the two processes.

If it had been a straight cash bonus to every member of staff then the comparison to the buybacks wouldn’t be made, yet the cash to pay for bonuses/rewards and the buybacks all ultimately comes out of the same shareholder funds at the end of the day. Giving shares helps align staff interests with all other shareholders.

Good on them and a big thank you to all hardworking Barclay’s staff whose efforts have contributed to our share price doubling in the last year. I hope your £500 reward is just as fruitful for you in the year ahead :)

I posted 5.5p last week, that is spot on with the capital allocation policy they outlined in last year's accounts. They could have increased it if results were exceptional but it's not out of line with their policy otherwise.

Thought they would have increased this buyback tranche to £1.25bn though, but they will have to increase it going forward to meet the total of £10bn returned over 3 years.

Sparz - this link is SUPR results RNS for y/e 30/06/24. I suggest opening a word search (CtrlF) type in Tesco and then you can quickly jump to each location and you will see the important relationship there, etc.

https://www.lse.co.uk/rns/SUPR/audited-results-for-the-year-ended-30-june-2024-21a5ikv1jar1fa9.html

Thank you Horse, I'd missed that date before.

https://www.jet2plc.com/en/calendar

This update from last year gives a flavour of what they normally cover at this time, ahead of the 31 March y/e

https://www.lse.co.uk/rns/JET2/trading-update-37n18a8krnd7vs2.html

The FTSE250 revisions will be determined on 5th March, not 25th February.

Today’s MCap is irrelevant, although the overall recent uptrend is promising. The only MCap that matters is at close on 4th March.

If the decision had been made today then the cut off last night would have been at c.£533m (position 325 in the FTSE 350 for automatic entry), so we’re c.£20m above ‘as it stands’.

The smallest in the FTSE 250 last night was SThree at £337.5m. Completely irrelevant to ATYM because you don’t enter the index based on the lowest point.

If we don’t make automatic entry in March then there is still a chance of entry by default if there are more deletions from the 250 than auto entries. But there are other companies around the entry level vying for places so that’s not a given.

Still 3 weeks of stock market and Trump induced chaos to get through before then…

It's a copy and paste from this original article in the Fool:

https://www.fool.co.uk/2025/02/11/the-ftse-100-is-behaving-remarkably-right-now/

It's normally the Thursday of the week after the results are out, so it could be next week 20th, or possibly the 27th. The actual date will be in the RNS on Thursday this week.

Based on the new capital allocation policy I estimate a final of approx. 5.5p. That would total 8.4p for the year, a 5% increase on 2023 due to the reduced share count.

For the buybacks, last year they announced £1bn at this time followed by £750m in August, so I would expect maybe £1.2 - 1.5bn announced this week with potential for maybe £1bn more in August.

NAI, educated guesses so don't hold me to any of that.

It's just a random selection of stock images from around the world, including a road tunnel, a salt pan and a fossilised tree just for fun!

Embarrassingly bad A(U)I generated click bait nonsense, and that's being kind.

Ha, true enough that one's a disaster. Saga to the rescue then.

We've not heard from our pal Eldose Babu for a while...

There's a full press conference with Bailey at 12.30pm.

And they have only used about £200k of that £20m so far. Limited to buying a max 25% of a daily average volume on the market under the regulations.

Not yet. LSE have had a problem with either their data feed or display for a couple of weeks now, across the whole platform. This is more reliable for now:

https://shorttracker.co.uk/company/GB00B012TP20/

There should be a recording of the presentation posted there later as well.

You can download the presentation now, 100 page pdf:

https://www.greencore.com/results-centre/