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After 44 trading days, buyback complete to date:
Total shares to date....................................................1,012,442,213
Aggregate cost to date... ........................................... £506,472,851.51
Average price paid to date..........................................50.0249
Percentage of £2 billion buyback completed............25.32%
US first quarter GDP growth is an annualised 1.6%, well below the 2.5% consensus expectation, but inflation is hotter with the core PCE deflator up 3.7% annualised versus 3.4% expected. This suggests, assuming no revisions to monthly data, that the core PCE deflator will come in above 0.4% tomorrow rather than the current 0.3%MoM consensus forecast. Unsurprisingly, Treasury yields have pushed higher as if that is the case, it makes a near-term Federal Reserve interest rate cut look even more unlikely.
https://think.ing.com/articles/us-gdp-growth-slows-markedly-but-inflation-remains-the-focus/
After 43 trading days, buyback complete to date:
Total shares to date....................................................983,482,458
Aggregate cost to date... ........................................... £491,375,523.07
Average price paid to date..........................................49.9628
Percentage of £2 billion buyback completed............24.57%
67Sam......Citra Living news update.
Miller Homes and Citra Living, which is part of Lloyds Banking Group, have partnered to create 100 private rented sector units in Priorslee, Telford.
The 100 units for Citra at Miller Homes' Roman Croft development will be completed in two phases, with 46 in the first phase and 54 in the second.
Handover is expected to be completed by July 2026.
Danny O'Connor, divisional managing director at Miller Homes, said: "We are pleased to have agreed a deal with Citra Living to deliver 100 homes for the private rented sector in Priorslee, and hope this forms the foundation for many more in the future.
"Miller Homes' Roman Croft development offers residents a blend of thriving town life and picturesque countryside living, with easy access to both Wolverhampton and Birmingham, and the Shropshire Hills on the doorstep."
Matthew Bench, group managing director – partnerships at Miller Homes, said: "Building private rented sector homes as part of our business model, like these for Citra Living, allows us to continue diversifying our portfolio, while creating new opportunities for land acquisition and supporting our overall growth ambitions to 6,500 homes per year."
Andy Hutchinson, chief executive of Citra Living, added: "Working with Miller Homes to deliver these more energy efficient new homes supports the delivery of our goal to help more people live in the place they want and in the kind of modern home they want to live.
"By teaming up with experienced, forward-thinking housebuilders, like Miller, we can bring more, better quality homes in great locations to the market more quickly."
https://www.insidermedia.com/news/midlands/miller-homes-and-citra-living-partner-on-priorslee-units
After 42 trading days, buyback complete to date:
Total shares to date....................................................954,865,205
Aggregate cost to date... ........................................... £476,654,521.96
Average price paid to date..........................................49.9185
Percentage of £2 billion buyback completed............23.83%
Brass Gemini........"Where do I see the current buyback position that is sometimes reported on here."
It is posted very soon after the RNS "Transaction in Own Shares" is released. Normally between 17:45 and 18:20 under the thread Buyback update. Last night it was posted at 18:16.
Just like when you send someone an email they don't want to reply to you get an automated response ......."I am currently out of the office and unable to reply"
Falky's automated response to questions he can't answer is............"please read the thread before asking the questions. Thanks"
🤭
After 41 trading days, buyback complete to date:
Total shares to date....................................................930,393,139
Aggregate cost to date... ........................................... £464,073,677.55
Average price paid to date..........................................49.8793
Percentage of £2 billion buyback completed............23.2%