Infrastructure Giant Builds Hope for a Higher Share Price as it Buys Back its Own Stock.
Hello Share Wranglers. Like most infrastructure jumbos, Balfour Beatty (BBY) is making a strong recovery after the setbacks of Covid. So confident is the company that in the first quarter of 2022, it has re-bought nearly £20 million's worth of its own shares. And that's not all. It expects to have repurchased £150 million's of its stock by the year's end. The outfit happily boasts that it will continue to make higher profits for the rest of 2022.
- By Malcolm Stacey
- 2022-05-13 08:12:50