IN BRIEF: Grafton starts GBP25 million four-month share buyback
Grafton Group PLC - Dublin-based building materials distributor - Launches share buyback worth up to GBP25.0 million on Tuesday. The programme will be run by Goodbody Stockbrokers UC and Numis Securities Ltd and will be completed by October 31. All the repurchased shares will be cancelled. At a capital markets event that Grafton held earlier this month, the company set out plans for dividends that are 2.0x to 3.0x covered by earnings, supplemented by "incremental capital returns when appropriate". Read More