RE: LBG Buyback programmes29 Jul 2023 13:56
If the money had been spent on dividends, it would have still left the business. Large US corporations such as Apple, Microsoft etc use buybacks instead of dividends and it has enhanced their share price. I’m afraid banking shares are just not popular in the UK due to macroeconomics and nothing to do with buybacks. The UK labour market is an issue, long term sickness and lack of growth. Nothing to do with buybacks.