27th Oct 2023 10:05
HSBC Holdings PLC - London-based bank - Completes its USD2 billion share buyback on Thursday. Since launching the programme in early August, HSBC buys back 129.8 million shares in the UK at an average price of GBP6.19 and 129.1 million shares in Hong Kong at an average price of HKD60.60. The buyback is run by Merrill Lynch International. After cancelling the 258.9 million shares, HSBC will have 19.8 million shares, including 325.3 million held in treasury.
Current stock price: 614.50 pence, up 0.9% in London on Friday morning
12-month change: up 37%
By Tom Waite, Alliance News editor
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